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A pizzeria doesn’t need a tax break

The agency did the right thing last week, denying Penora’s Pizza in Depew a little less than $20,000 in tax breaks for its $425,000 expansion project.

Rapid growth of Synacor stock raises caution flag

Synacor Inc.’s stock is red hot. Just be careful you don’t get burned. The Buffalo-based Internet content provider has done well since it went public back on Feb. 9. While its initial public offering price of $5 was less than half of the $10 to $12 the company hoped for, Synacor’s business has shown promising growth during the last two quarters and its stock was steadily climbing, hovering around $7 to $8 for most of April.

Turn Canadian shoppers into tourists

It turns out we have the same issues with Canadian shoppers that we do with tourists at Niagara Falls. They come here, do their thing – be it shopping or look at the falls – and then they leave. That’s it. Not much more.

Graystone shows merits of a flawed IDA policy

Sometimes, something good can come out of something flawed. That’s what happened last week when the Erie County Industrial Development Agency once again tapped into its controversial “adaptive reuse” policy to grant nearly $213,000 in sales and mortgage tax breaks to developer Carl P. Paladino for his $5.3 million project to turn the crumbling Graystone Building in Buffalo into 42 apartments.

Drugmaker not deterred by setback

Baseball season is under way, and if Cleveland BioLabs executives were at bat, they’d have two strikes against them.

Tax breaks should promote real growth

If you want to understand why Erie County’s suburban industrial development agencies are in the cross hairs, consider what happened at last month’s Amherst IDA meeting.

Coal-fired power plants face grim future

It may not be too long before we find out if the fires will go out at NRG Energy’s coal-fired power plant in Dunkirk. At least some of the required studies to determine whether the mothballing of the 530-megawatt power plant would harm the reliability of the state’s power grid already have been completed.

On the way to recovery, or still on life support?

The best part about the last recession – if there is such a thing–was that it was truly different for the Buffalo Niagara region.

With some financial assistance, firms see value in going green

It isn’t cheap to go green. That was all too apparent last week as local officials touted the launch of the latest phase of the wind farm along the Lake Erie shore and Modern Disposal showed off its new garbage trucks that run on compressed natural gas.