Welcome to Buffalo Next. This newsletter from The Buffalo News will bring you the latest coverage on the changing economy of Buffalo Niagara – from real estate to healthcare to startups. Learn more at BuffaloNext.com.
Things to watch this week
A preview of what’s to come and a quick read last week’s news.
The Climate Action Council will host a public hearing on Wednesday on the state’s draft plan to reduce greenhouse gas emissions, in everything from how homes and buildings are powered to electric vehicles.
The 22-member board is gathering feedback on the plan through June 10, from hearings held across the state and online comments. The council last December released the draft plan, which sets ambitious emissions reduction targets.
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The hearing is scheduled from 3:30 p.m. to 6:30 p.m. in the auditorium of the Buffalo and Erie County Public Library, 1 Lafayette Square.
The organizers encourage participants to arrive 30 minutes before the hearing to register. The meeting will also be accessible on Zoom.
43NorthBuffalo Business Accelerator, has expanded its internship program and is currently seeking applicants for this summer and fall semester.
The organization dedicated to attracting and retaining high-growth startups in Western New York said it will involve interns in meetings with investors and startup founders, as well as planning for the annual competition. startups 43North, which invests $5 million a year in eight startups in the region.
43North is looking for 13 interns to recruit candidates, review portfolios, marketing, event planning and accounting for its competition, which culminates in stage presentations at Shea’s Theater in late October.
“I want them to be immersed in the community and wanting to work for a local startup instead of leaving Western New York,” said Justine Palkowski, content marketing manager at 43North, who oversees the program. internships. “It’s very convenient and we’re really excited to attract young talent and aspiring entrepreneurs to our ecosystem.”
Warning: The 43 Nord courses are not for the faint-hearted. Applicants must submit a one-minute introductory video explaining why they want the internship and who would be a good fit as part of their application. Apply at 43North.org.
M&T Bank will hold its annual meeting of shareholders on Monday at 11 a.m. For the third consecutive year, the meeting will take place virtually.
Evans Bank will release its first-quarter results after the market closes on Wednesday.
Calling all CTOs. 43North is hosting a meetup for local tech leaders from 5-7 p.m. Tuesday at Seneca One Tower, 1 Seneca Street. The event is an opportunity for CTOs to network, share knowledge and solve problems.
catch up on last week
Recent news related to the Buffalo Niagara economy:
Empire State Development prioritizes efforts to work with local regions seize new investment and employment opportunities by building the skills of their workforce and helping communities gather more shovel-ready land for new projects.
Interest rates are on the riseand consumers are grappling with higher mortgage payments and higher credit card rates, as well as higher prices at the store and for gas.
start The Real Talk Team Won First Place at University in Buffalo’s Henry A. Panasci Jr. Tech Entrepreneurship Competitionwhich earned him $25,000 in seed funding and $30,000 in in-kind services for the educational platform that helps organizations pursue diversity, equity and inclusion in the workplace.
Fattey Beer Co. will open in three more locations, including one in Kenmore and additional stores in the Strong National Museum of Play’s Neighborhood of Play in Rochester and in Westerville, Ohio, near Columbus. There are five craft brewery and beer shop hybrids in the area.
Information Industry Veteran Mike Connelly, 65, editor of The Buffalo News for nine and a half years, is retiring next month. Connelly led the newsroom through many transitions in a rapidly changing business, including establishing a digital publishing schedule and adapting to the challenges of Covid-19 coverage.
LCB Capital hopes to bring a new five-story building with 44 market-priced apartments to Delaware Avenue in Allentown. The Kenmore-headquartered real estate company already owns eight residential and commercial properties in Buffalo and Kenmore.
For the first time in over a decade, mortgage rates hit 5% – from 3.1% in December – driving up the cost of buying a homewhich could lead to slower sales and more modest increases in house prices, according to M&T Bank’s chief financial officer.
New state budget provides an additional $20 million for theaters, performing arts centers and museums outside of New Yorkplus an additional $4 million earmarked for upstate zoos, botanical gardens and aquariums from the National Environmental Protection Fund.
Buffalo Niagara region’s unemployment rate fell to 4.3% last month – the lowest for any March since at least 1990, the state Labor Department reported Tuesday. The report also showed how strong the demand for workers is among local employers, with the local workforce growing by 5,200 people in March.
Buffalo Next reporters Jonathan D. Epstein, Jon Harris, Natalie Brophy and Janet Gramza contributed to this roundup.
Five reads from Buffalo Next:
1. Some companies, such as Independent Health and Freed Maxick, are embracing “hoteling”, where remote employees book a workstation for the days when they come to the office to do their job, rather than having their own dedicated desk.
2. Build a New Buffalo Bills Stadium expected to create 10,000 local jobs for construction workersbut some contractors feel left out due to the stadium pact, including plans for a project labor agreement that requires contractors to pay prevailing wages.
3. The remarkable revival of the house of Bethlehem Steel: With a handful of new developments, and more on the way, the gated Bethlehem Steel complex is becoming a sign of renewal.
4. For WNY workers, experience really pays off: Experienced workers in Western New York earn more than twice as much, on average, as entry-level employees.
5. M&T Bank pledges $300,000 to EforAll entrepreneurship program in Buffalo: EforAll, which opened an office in Buffalo in May 2021, is a national nonprofit organization that helps people in underrepresented communities start and grow their own businesses.
The Buffalo Next team gives you insight into the region’s economic revitalization. Advice by e-mail to [email protected] or contact Buffalo Next editor David Robinson at 716-849-4435.
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