Just a one year after Steve Case’s Rise of the Rest Tour rolled through Buffalo, we are proud to be participating in a Steve Case-supported Village Capital (VilCap) accelerator program - sponsored by Rise of the Rest, the Ewing Marion Kauffman Foundation, and the Sorenson Impact Center — which will help biomedical companies in Western New York.
The Invest Buffalo Niagara team continued its outreach to local partners by visiting with Genesee County Economic Development Center (GCEDC) Vice President of Business Development Chris Suozzi, who provided an expert tour of the county’s available sites and buildings.
The economic developer’s toolkit in New York includes a variety of tax incentives, abatements, grants and loans that can be quite confusing, even for a seasoned professional. Many incentives at the state and local levels can be utilized for one project but not all incentives can be layered. In the case of the state’s two largest tax incentive programs – the Excelsior Jobs Program and Start Up NY – only one can be applied to a company’s project. That brings up the question – which program is best suited to benefit a company’s growth?
A region’s ability to demonstrate the availability of talented workers has become increasingly essential to all economic development activities. The availability of current and local labor data is critical when answering labor-related questions when courting prospective companies considering relocation to a community. In fact, Area Development 2015-2016 Corporate Survey illustrates the importance corporations place on labor when making location decisions. The availability of skilled labor, is considered “very important” or “important” by 100 percent of the respondents this year.
Buffalo’s East Side will soon be the home of a new industrial complex and next-generation Workforce Development Center, as the next phase of Governor Andrew Cuomo’s Buffalo Billion initiative takes shape. Serving as the center point of the Northland Corridor Redevelopment Project, the Workforce Development center will be focused on helping local residents develop skills in manufacturing, electrical and solar energy.
Summer is the time for road trips. The Invest Buffalo Niagara team recently visited our partner Jim Pierce in Wyoming County. InBN relies on our engagement with our local partners to stay on top of the assets and advantages to be found in our eight county area we market.