What’s happening in Buffalo Niagara business this week?

The state Department of Labor will release local unemployment data for April, providing the latest snapshot of the state of the job market in Buffalo Niagara.

Hiring has grown at an annualized rate of about 2% in recent months, and the local unemployment rate has been rising steadily for most of the past year.

On Tuesday, Young Development will mark the grand opening of its new Midtown Apartment Homes at 6386 Transit Road in Depew, which will feature 360 ​​new apartments in 13 new buildings. The $90 million complex, which is being completed in stages, includes a mix of one-, two- and three-bedroom apartments, ranging from 802 to 1,326 square feet, with rents ranging from $1,700 to $2,700 per month.

Welcome to Buffalo Next. The Buffalo News will bring you the latest on developments in Buffalo Niagara’s economy – from real estate to health care to startups. Learn more at BuffaloNext.com.

THE reduction in the pool of available workers affects job growth in the Buffalo Niagara region.

Niacet will invest 50 million dollars at its Niagara Falls plant.

Candidates from Niagara and Chauatuqua counties have sued to invalidate more than 450 conditional adult-use retail dispensary licenses.

Bliss Construction proposed a new mixed-use project near Main-Transit.

Citing “economic” reasons, Tesla laid off 27 more employees at the South Buffalo plant.

D’Youville suspended construction of his new medical school building amid funding problems.

Erie County is seeking a developer for a light industrial project at Renaissance Commerce Park in Lackawanna.

Governor Kathy Hochul asked the director of the Bureau of Cannabis Management to resign.

The State is moving towards open much more legal cannabis stores.

What does the federal reclassification of marijuana mean for The cannabis market in New York?

The NLRB filed a complaint against Tesla over its technological policy in favor of workers.

ACV Auctions expects its markets to improve throughout the year.

Why Buffalo Niagara’s the recovery was delayedwhen other cities prospered

Noco has a new president – and for the first time, it’s not a member of the Newman family.

A shuttered movie theater in Niagara County could become an automobile service center.

Biden official’s visit highlighted infrastructure improvements.

The 43Nord Foundation has big plans to boost Buffalo Niagara’s startup scene.

Five reads from Buffalo Next:

1. Michael Montante looks back on four years as CEO of Uniland.

2. A federal agency could halt construction of a wastewater pipeline in STAMP site in Genesee County. How does this affect two companies preparing to open facilities there?

3. After years of relative inactivity, the more rural areas of northern Amherst are experiencing a surge of new development projects.

4. Efforts to get more women and minority contractors working on the Buffalo Bills stadium project could pay dividends on other major construction work to come.

5. The the state’s oldest investment club is in Lockport.

The Buffalo Next team gives you insight into the region’s economic revitalization. Email tips to [email protected] or contact Buffalo Next editor David Robinson at 716-849-4435.

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