David Robinson: ACV’s high-flying IPO is a big win – and an unusual one – for Buffalo Niagara
The IPO also gives investors a hefty profit – at least on paper – and an efficient way to cash out by selling shares. That leaves them with lots of money – money that they can use to invest in other businesses if they choose. “They’re basically going to look for new places to invest […]
ACV Auctions Prices IPO Above Range at $25 a Share
The Buffalo, New York-based company, which provides an online marketplace for auctioning used cars, had marketed shares at $20 to $22 each, a range that it earlier elevated from $18 to $20.
Plug Power’s massive investment to create new jobs in Genesee County
“This is nothing short of incredible and this is just their first phase commitment. They’re making a combined investment of $290 million at STAMP of which they have generously agreed to help us fund the major substation that will supply power not only to their project as it grows but also to the rest of […]
Upstate Niagara to buy Ecology & Environment’s Lancaster headquarters
Upstate Niagara has put the Ecology & Environment Inc. headquarters at 368 Pleasant View Drive in Lancaster under contract. It will pay $4.8 million for the 60,000-square-foot building that sits on 119 acres of land, with the deal set to close later this month.
Executive Forum: The future of our city
“We have to be nimble and flexible. The key to the last 20 years of this renaissance is collaboration. We are going to have to double down on that going forward,” Kucharski said.
Sumitomo Rubber USA to invest $122M in Tonawanda plant
“Our customers demand exceptional tires, and this investment improves our tire building capabilities, doubles our output, increases our speed to market and enhances the high-quality tires made in this facility,” said Yasutaka Ii, president and CEO of Sumitomo Rubber USA. “It also reinforces our commitment to our strong team members and our community here in Tonawanda […]
Launch NY says startup investments keep flowing
The nonprofit organization reported engaging over 175 investors to deliver $2.23 million in investments to 32 companies in 2020. Buffalo-based Launch NY provides capital access and mentoring to startups in the 27 westernmost counties of New York State.
Jacobs Institute lures major talent from FDA to Buffalo
“This is another step in our efforts to let the world know that if you want to develop a medical device in the neuro and cardiovascular space, coming to Buffalo is a good place to be,” Jacobs Institute CEO William Maggio said.
T&T Legacy Metals to open in Tonawanda and hire 30 workers
“They were instrumental in helping us connect with the local politicians,” Terhune Jr. said. “They helped us with getting some grants through National Grid and with jumping through some hoops to find opportunities for small businesses like ours.”
AML RightSource ready to grow at Seneca One tower
“When I got to see everything that Douglas was doing, not just with Seneca One but part of the downtown renaissance that he’s helping build, I thought it was important for us to be supportive of that and to be part of that.” -Frank Ewing, CEO, AML RightSource
