WNY Manufacturer Defies Storm

  We’re a resilient bunch in WNY, but shrugging-off a six- to seven-foot snowfall is pretty impressive.  Still, that’s what our client Jiffy-tite has been able to do.  Whether it’s working through the storm while snowbound or employing an innovative snowmobile delivery system, our friends at Jiffy-tite are the latest example of the “can do”

NYS Manufacturing Growth Pace Rebounds

November’s Empire State Manufacturing Survey indicates yet another month of expansion with an index reading of 10.2 (a reading above 0.0 indicates growth).  The rate of growth, which had fallen sharply in October, rebounded in November.  New Orders also rebounded to  9.1 after contracting in October as did Shipments, which were up over 10 points

Local Manufacturing Expansion Uninterrupted

The Buffalo Institute of Supply Management’s October PMI Index came in at 55.5 indicated continued growth in local manufacturing, albeit at a slightly slower rate than September’s 57.4. This decrease is less than the National ISM Index for October and appears better than the most recent statewide readings from the NY Fed’s Empire State Manufacturing

WNY Inventor S. Donald Stookey

Inventor and glass scientist S. Donald Stookey, inventor of CorningWare and photosensitive glass, among other things, died in Rochester on November 4th.  While a young glass scientist at Corning, Stookey mistakenly overheated a glass plate to 1,600 degrees.  He was surprised that it hadn’t melted, then shocked when he accidently dropped it and it didn’t

Nationwide Manufacturing Index Surprises to Upside

The Institute for Supply Management’s (ISM’s) October 2014 Purchasing Managers Index increased to 59.0 from 56.5 last month, indicating that manufacturing expanded for the seventeenth month in a row (any reading above 50.0 indicates growth).  New Orders, Production, Employment and Backlog also grew.  Overall, 16 of the 18 manufacturing sectors the index tracks reported growth,

43 North: A World-Class Contest

Phase one of 43North, part of Governor Cuomo’s Buffalo Billion initiative, came to a climax last night at Shea’s Theatre with an impressive, world-class production worthy of the richest business plan competition in the world. Towering backdrops, a giant movie screen, pounding music and dramatic lighting literally set the stage for the awarding of over

Elections Transformed by a WNY Innovation

The height of the mid-term political season seems like a good time to revisit the story of a key piece of technology that revolutionized balloting.  Voters of a certain age around the country have used this technology at one time or another and for decades it was the gold standard for elections nationwide.  It is

Listen to Insyte’s perspective on local Angel Investing

Insyte’s Jack McGowan discusses angel and venture capital investing in Western New York on the most recent Buffalo Business First podcast.  Part of Jack’s work at Insyte includes serving at the Executive Director of the Western New York Venture Association & The Buffalo Angels.  The Western New York Venture Association hosts forums that feature presentations

WNY Manufacturer on Frontlines of Ebola Outbreak

Safetec of America Inc., a Buffalo manufacturer of safety products including medical disinfection and spill kits, has seen a spike in orders as the U.S. healthcare sector responds to Ebola in this country.  The previous SARS and H1N1 “Bird Flu” epidemics produced similar results.  Safetec is responding by increasing its workforce by over 10% to

NYS Manufacturing Growth Continues at a Slower Rate

The Federal Reserve’s October 2014 Empire State Manufacturing Survey continued to show growth, but at a much more “modest” level than over the summer.  The General Business Conditions Index was still positive at 6.2, but was down over 21 points from its four-year high in September.  Shipments also grew at a much lower rate, while New