What’s happening this week in Buffalo Niagara business?

Hiring has been running at about a 2% annualized pace over the past few months, and the local jobless rate has been creeping steadily higher for most of the past year.

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

The shrinking pool of available workers is affecting job growth in the Buffalo Niagara region.

Niacet will invest $50 million in its Niagara Falls plant.

Applicants in 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 South Buffalo plant.

D’Youville paused construction of its new med school building amid financing trouble.

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

Gov. Kathy Hochul asked the Office of Cannabis Management director to step down.

The state is moving to open a lot more legal cannabis shops.

What does the federal reclassification of marijuana mean for New York’s cannabis market?

The NLRB filed a complaint against Tesla over its technology policy for workers.

ACV Auctions expects its markets to improve as the year goes on.

Why has Buffalo Niagara’s recovery lagged, when other cities have thrived

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

A closed movie theater in Niagara County could become an auto service center.

The visit of a Biden official highlighted infrastructure improvements.

The 43North Foundation has big plans to boost the Buffalo Niagara startup scene.

Five reads from Buffalo Next:

1. Michael Montante reflects on four years as Uniland CEO.

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

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

4. The push to get more women and minority contractors working on the Buffalo Bills stadium project could pay dividends on other big construction jobs down the road.

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

The Buffalo Next team gives you the big picture on the region’s economic revitalization. Email tips to buffalonext@buffnews.com or reach Buffalo Next Editor David Robinson at 716-849-4435.