Buffalo Business Report - Monday, August 12th 2013
The current average cost for a gallon of unleaded gas in the Buffalo-Niagara Falls area is $3.84. According to the AAA, that's a twelve cent drop in the past month, but still twenty-nine cents more than the current national average.
As the Canalside build-up continues, law firm Phillips Lytle LLP has set a November date for its move from HSBC Center to the former Donovan State Office Building. Business First reports the phased in move will begin around Thanksgiving.
This Thursday, the Amherst Planning Board will take a look at two apartment project proposals. One plan would develop 44 apartments on a parcel fronting Linwood Avenue and South Forest Road. The other project would add a second and third story to an existing building on Main near Eggert. Seven more apartment units would result.
Small Business loans through July were up 8.5% compared to a year ago and the dollar amount handed out was up 28% for the period. M&T, First Niagara and Five Star Bank remain 1-2-3 in small business loan lending.