Catholic Health is moving forward with plans for its new headquarters in downtown Buffalo. The Erie County Industrial Development Agency an incentive package yesterday by 12-1, despite efforts to derail it by a state assemblyman. Officials approved nearly $5 million in sales, mortgage and property-tax breaks in the package. Along with incentives, the project will get nearly $4 million in state aid. Uniland Development will build the six-story headquarters on Oak Street. More than 700 people will work there. The building is projected to have at least a $68 million impact with new jobs, construction jobs and other spin-offs. It should open next year.
Area hospitals could lose millions due to fiscal cliff legislation. A Business First report says hospitals in Western New York could face a $51 million loss over 10 years. Statewide, it could reach nearly $1.3 billion over 10 years. The numbers are from the Hospital Association of New York State. Most reductions would come through Medicare reimbursements. You can find the full report at wkbw.com, under Business or at www.bizjournals.com/buffalo.