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Iron Island Brewery coming to Lovejoy neighborhood


Iron Island Brewery coming to Lovejoy neighborhood
This is Carousel Development’s first hospitality venture, having focused up until now as a property development and management firm.
Author: Tracey Drury, Business First /Bizjournals.com
Published: 11:53 AM EDT April 21, 2021
Updated: 5:09 PM EDT April 21, 2021
BUFFALO, N.Y. The city’s Lovejoy District could be the next neighborhood to get its own brewery and tap room.
Carousel Development Inc., operated by the Anderson family, is working to develop a site at 1223 E. Lovejoy St. near North Ogden into the Iron Island Brewery.
According to drawings submitted by TRM Architecture Design & Planning P.C., the project calls for converting an existing building on a one-acre site into a beer production and tasting room. The 3,300-square foot brewery is part of a larger multiparcel redevelopment that also includes retail space for takeout sales. The lower f ....

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What you need to know about New York's new tax increases


Annual taxes on corporations and the wealthiest New Yorkers will increase by $4 billion next year.
Author: Business First, Chelsea Diana
Published: 9:03 AM EDT April 8, 2021
Updated: 9:03 AM EDT April 8, 2021
ALBANY, N.Y. Annual taxes on corporations and the wealthiest New Yorkers will increase by $4 billion next year after Gov. Andrew Cuomo and legislators agreed on a $212 billion budget for 2021-2022.
The tax increases come after a push from the state s Assembly and Senate leadership. Cuomo had proposed more modest increases.
Business leaders came out against any new taxes last month and said that tax increases could drive more New Yorkers to leave the state and hurt businesses at a critical time for New York s post-Covid recovery. New York CEOs and executives are also worried that the tax increases will delay the return of remote workers. ....

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43North is reinvesting in three winners. Here's what they'll do with the money.


43North is reinvesting in three winners. Here’s what they’ll do with the money.
The goal has been to help boost Buffalo’s startup economy, and several previous winners had big years in 2020.
Author: Dan Miner
Updated: 7:49 AM EDT April 7, 2021
BUFFALO, N.Y. 43North has reinvested in three companies that previously won awards in its namesake competition.
Kangarootime, CleanFiber and Strayos each received a new $300,000 investment from the state-backed nonprofit. 43North has been hosting a business competition since 2014, offering cash awards to startups in return for 5% of their companies.
The goal has been to help boost Buffalo’s startup economy, and several previous winners had big years in 2020. That includes ACV Auctions, which went public in March, and Squire Technologies, which raised nearly $100 million in venture capital last year. ....

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Walden Galleria's parent company suing 11 tenants


Walden Galleria s parent company suing 11 tenants
Court records show that Gap, Alex & Ani, White Barn, Bath & Body Works, Victoria s Secret, and Pink are included in the lawsuits.
Author: Danielle Church (WGRZ), Business First /Bizjournals.com
Published: 6:39 PM EST February 26, 2021
Updated: 10:42 PM EST February 26, 2021
CHEEKTOWAGA, N.Y. Our partners at Buffalo Business First reported 11 tenants are being sued at the Walden Galleria Mall for allegedly not paying rent.
Pyramid Management Group is the parent company of the Walden Galleria, which filed those suits, none of which have been closed yet.
2 On Your Side s Danielle Church contacted a local attorney to get some insight on lawsuits like these.  ....

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