Buffalo Business First
First, who are we? Buffalo Business First is a digital media, events, and data company covering, connecting, and catalyzing local innovation. We’re part of American Inno, a network in 16 (and counting) entrepreneurial markets across the country.
We are a part of the American City Business Journal, making us a sister site of the Buffalo Business First.
A Gateway to Buffalo Business First Inno and the City’s Ecosystem
However If you need it already, sign up for The Beat. It’s a weekly newsletter offering all the news, analysis, insights, updates and more on the local ecosystem. In addition to the community’s most important stories and developments, you’ll discover upcoming events and top open roles. The Beat is the best way to stay on-top-of Buffalo tech and startups.
New to the ecosystem?
Start with in’s Guides, which will provide you with a variety of resources and onboarding materials, including lists of local capital sources and co-working spaces and roundups of regional meetup groups and accelerators. And look at our Ecosystem at a Glance feature, which serves as a 30,000-foot view of the landscape.
Now that you know the critical people, businesses, organizations and stakeholders that make up the ecosystem, let’s go a little deeper.
However You can read the latest news and analysis on Buffalo tech and startups here. To get a feel for some of the region’s top startups, cruise through our Profiles news river. For the latest local venture capital deals, head over to Funding’s. For comprehensive features on current issues, trends and topics impacting the community, check out Inno Insights. Finally, you can view News for briefs on recent expansions, acquisitions, launches, and more.
At Long-last, In-person Buffalo Business First Startup Week Returns
A set of volunteers is working to carry back Buffalo Startup Week, a four-day ode to entrepreneurship throughout the eight counties of Western New York.
Powered by nonprofit Boot Sector, the event will be hosted Nov. 14-18 at Seneca One Tower.
However It will seek to amplify the region’s entrepreneurial streak and serve as a welcome mat for anyone who wants to join in.
“This is an access point where the community can come in and see what’s happening,” said Kat Carter, a frequent consultant with local startups and one of the volunteers hosting the event. “This is for future founders, future startup employees, and future startup investors.”
The event won’t just focus on downtown Buffalo’s tech scene, though that will be one point of emphasis, Carter said. It will incorporate company builders throughout Western New York, with different expos highlighting things such as physical goods, software products and support services.
Buffalo Commercial Real Estate News
A South Buffalo building dating back to 1903 has been acquired by Nate’s Plumbing Inc., In addition which will move its operations there from the East Side.
According to Aug. 15 filings in the Erie County Clerk’s, Nate’s Plumbing paid $280,000 for the 6,408-square-foot building at 1231 Seneca St., buying it from Cody Skulski. Nate’s Plumbing will be relocating from its present location at 636 Sycamore St.
Skulski, a Buffalo investor, bought the building in November 2018 for $100,000, according county clerk’s filings. That means in less than four years, the value of the South Buffalo building increased by 180%.
In other real estate news:
- Investors 1280 Peninsula Blvd. Inc. paid $533,537 for a multitenant building at 3900 South Park Ave., Blasdell, according to an Aug. 15 filing in the county clerk’s office. The two-story, 7,614-square-foot building, anchoring by an Advance Auto Parts location, had been owned by John Scherr II.
- A 1900-era house at 486 Connecticut St. on Buffalo’s West Side has been acquired by SDC Apartments LLC, who paid $360,000 for the building. The house had been own by Tayrone Development Inc., which paid $125,000 for the property in May 2017, according to county records. The deal translates to $90,000 per unit in the four-apartment building.
- Fillmore NY Realty LLC paid $215,000 for a five-unit apartment building at 699 E. Utica St. on Buffalo’s East Side. Metro Homes NYS Corp. owned the building, having paid $90,000 for it in June 2010. The deal works out to $43,000 per apartment.
Buffalo Education News
XXII Western New York institute districts pay educators on average more than $80,000 per a year.
In the middle of a national teacher shortage, Business First examined middle teacher salaries for public school districts in the region’s 8 counties — Allegany, Cattaraugus, Chautauqua, Erie, Genesee, Niagara, Orleans and Wyoming — based on state teaching division data for the 2020-21 school year.
Pay in general is a mutual recruiting and retentive factor, with the current hot job market, retirements generally on the rise and costs skyrocketing.
The Buffalo-Cheektowaga metro recently ranked No. 2 in Smart Asset’s list of best places to be a teacher. The study took into account factors including average teacher income.
Only one Western New York district — Williamsville — typically pays teachers more than $100,000 ($100,750, to be exact).
However, Niagara Falls ranked second, with an average teacher salary of $98,653.
Below is a list of local school districts’ median teacher pay, from highest to lowest. For more data on districts and schools, check out our 2022 Schools Guide.
- Williamsville Central School District , on average, pays teachers $100,750.
- Niagara Falls City School District , on average pays teachers $98,653.
- Clarence Central School District on average pays teachers $95,691.
- West Seneca Central School District on average pays teachers $95,025.
- Hamburg Central School District on average pays teachers $94,816.
- Niagara-Wheatfield Central School District on average pays teachers $94,071.
- Cheektowaga-Sloan Union Free School District on average, pays teachers $94,016.
Buffalo Business First – Buffalo Technology News
Glauber Equipment Corp. was found more than 60 years ago by Paul Glauber.
However The Lancaster-base company offers gas compression and blower skids, biogas skids and pumps for large scale industrial and renewables applications.
However Now it will do that under a different name.
Glauber Equipment Corp. has been acquired by Stark Tech, a Tonawanda-based company, which is using the deal to expand its presence in the clean technology space, according to Stark Tech. Terms were not disclosed.
Stark Tech and Stark RNG – Buffalo Business First
Stark Tech offers customized building management systems. Glauber Equipment, which will be rebrand as Stark Compression, was owned by Paul’s son, Peter Glauber, who was also on the management team that form Stark RNG.
However Stark RNG supplies football-field-sized turnkey plants that transform methane gas collected from landfills and biogas sites into renewable natural gas, a green energy source.
However, Stark Tech decided recently to enter the renewables space as market trends and regulatory changes place new pressures on building owners to adopt sustainability initiatives, the company said in its announcement.
“This is an thrilling time for Stark Tech as we grow our business and expand our abilities to provide operational and energy efficiencies to our customers,” Stark Tech president Tim Geiger said. “As we enlarge our capabilities into the renewables market, we advance our abilities to help solve energy transmission issues that occur from the electrification movement and help our customers decrease their dependency on fossil fuels.” Buffalo Business First.
Stark Tech employs more than 700 — 250 of whom work locally.
Buffalo Banking & Financial Services News
Buffalo Business First. However The Pressure is mounting on the Small Business Administration to disburse about $180 million in new Restaurant Revitalization Fund money.
However, This time, it’s from 73 lawmakers in the House and the Senate, who all signed a letter to SBA administrator Isabel Guzman, asking the agency to award the funding “immediately. That follows a recent letter by the National Restaurant Association calling on the SBA to do the same.
In addition, The lawmakers, which include Sen. Cortez Musto. D-Nevada. Senate Majority Leader Chuck Schumer. D-N.Y., Senate and Small Business Committee Chairman Ben Cardin, D-Md., said the money should be given first to the 7,000 applicants. Who were award grants but not able to receive funding.
“However While we recognize the remainder of the funding will not reach every business that applied, it is imperative that the SBA distribute every dollar to help as many struggling restaurants as is feasible,” the lawmakers wrote.
The SBA plans to Eventually Disburse the Remaining RRF Money
The SBA said earlier in August. That it was waiting to disburse any unobligated funding until after “pending litigation was resolve. Although it provided no timeline and court cases can often take years to resolve.
The National Restaurant Association
The National Restaurant Association previously pressed for the SBA to release the money immediately, stating that there was no provision in the legislation that funded the RRF for the SBA to keep a portion for pending litigation.
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