The Book of Lists 2023, new owner for a longtime Amherst restaurant & more
Buffalo Business First
The Buffalo region's source for local business news & events. Part of the American City Business Journals network.
The 2023 Book of Lists is your guide to doing business in Western New York. Former Data Reporter Paul Lane spent a full year putting together the business intelligence contained in this subscriber exclusive, and he shares some of the insights he gleaned:
If adversity breeds opportunity, then we are in the middle of one heck of a birthing surge.
The Western New York business community has worked feverishly to overcome the effects of Covid-19 (I know, but it’s not gone, so we have to acknowledge it). The work doesn’t seem to be done. Business First’s (extremely) unscientific polls run throughout 2022 found that more than half of the region’s businesses find the disease to still be a factor in their operations.
Some businesses were able to overcome and rebound. Others never reopened. Many people lost their jobs yet left the conundrum for would-be employers of not being able to have enough hands available despite an overflowing talent pool.
Still, business leaders found a way. And just as they were close to returning to normal (at least how the world used to understand normal), they found themselves short on cash.
More money had to go to employees, who are now able to survive via the gig economy and more in control of their own destinies.
More money had to go to cover supply costs, which continue to climb even as shortages begin to decrease.
A lot more money had to go into the gas tank.
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Longtime Grover's owner sells the Amherst restaurant
Lots of restaurant/bar owners can say their business is their life, but few can truly match?Georgina Hartman’s story. The longtime owner of Grover’s Restaurant in Amherst literally grew up in the business as a third-generation woman-pub owner. Now, she’s selling the business.? | ?Read more
It's also been a banner week for chain restaurant news . Taco Bell and KFC continue to add sites in the Buffalo area; A&W Restaurant picked its first Buffalo-area site ; and Pizza Hut has identified a sixth site for its Western New York return — and given us an update on when the other five will open.
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All eyes on office space: Our year-end real estate review
Rising interest rates, a depressed economy and a stagnant leasing market are all clouding the outlook for the owners of Buffalo's office buildings. | Read more
See more of Business First's comprehensive real estate coverage in?Crane Watch
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Buffalo State ... University?
In keeping with a local and statewide trend, Buffalo State University has applied for New York's approval to become a university. Five colleges in Western New York have already become universities since the state education department early this year broadened its definition of that word. ?| ?Read more
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Clarence manufacturer prepares for growth in the battery industry
A strategic acquisition just gave Seal & Design Inc a fourth location, opening the door to increase production for the electric vehicle supply chain and reach the company’s overall goals of diversification. ?| ?Read more
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Agape is out; Twipes is in
43North ’s newest cohort is getting a changeup. Rochester-based Agape Wellness is out — the two “couldn’t get to a place where both parties felt comfortable with the pre-existing agreements,” according to Colleen E. Heidinger , 43North president — and will be replaced by Twipes . The London-based bio-tech company has developed a material that can break down in water in three hours and biodegrade in a landfill in seven days. | ?Read more
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This Weekly Edition was compiled by Sara Paulson Meehan . Questions? Comments? Concerns??Send them to [email protected].