In 2024, a new reporting requirement went into effect through the Corporate Transparency Act. All domestic and foreign entities, including corporations and limited liability companies (LLCs) that have filed formation or registration documents with any U.S. state, are required to report Beneficial Ownership Information (BOI), unless specifically exempted. While your business may not be physically operating in the U.S., it may still need to fulfill this reporting requirement.
Over the last few years M&T Bank has committed to a technology transformation. In doing so, M&T Bank committed to creating 1,000 tech jobs in Buffalo Niagara, coalescing its new and existing tech talent in the newly redeveloped Seneca One Tower in downtown Buffalo.
Economic Gardening is an economic development program focused on helping Second Stage companies grow. Traditional economic development focuses on recruiting companies to come to town (economic hunting). This program focuses on growing local companies (economic gardening).
Many businesses are utilizing these unprecedented times to strategize on business growth and innovation. Growing your business – whether it is through the development of new products, entering new markets, or organic market opportunities – often requires additional staff and an increased physical footprint. Here are some important considerations companies should have top of mind before the business expansion process begins.