Downtown Buffalo Housing Report

Downtown Buffalo Report Measures Growth and Opportunity

This week, the Buffalo Niagara Partnership released a report that takes a closer look at the impact of Buffalo’s renaissance on the downtown housing market. Downtown Buffalo: Looking Ahead with a Clearer View also highlights the success of several economic development programs, including the Buffalo Building Reuse Project (BBRP).  The goal of this report is to stimulate conversation and action that will keep Buffalo growing.

Easing of H-1B visa cap will boost STEM economy

Every April, the federal government begins accepting applications for H-1B visas, which allow highly educated and skilled professionals to work temporarily in the United States.

Again this year, just days after filing opened, the annual cap of 85,000 was reached. Last year, more than 172,000 applications were received in less than a week.

Need to know: Wage Theft Prevention Act

We want to let you know about some good news out of Albany: Governor Andrew Cuomo signed into law reforms to the Wage Theft Prevention Act that eliminate the annual wage notification requirement for New York employers.

The reformed law also waives the customary 60 day waiting period for new legislation to take effect, meaning employers do not have to provide a 2015 notification by February 1.