Buffalo, New York was highlighted as a Tech Zone by Innovation & Tech Today, a publication within the technology space that highlights ascending regions ready to capture further opportunities of growth. The article is titled, The Buffalo Boom and written by Aron Vaughan. Previous cities and states highlighted include Boulder, Colorado, Albuquerque, New Mexico, and Las Vegas, Nevada.
The last few weeks have been quite busy throughout Western New York, and for our team at Invest Buffalo Niagara. Our team recently attended or participated in the 43North Finals, Retool WNY Conference, and New York State’s Innovation Summit. The Invest Buffalo Niagara team was at each event, rooting on the exciting new opportunities, companies, and innovations making their home right here. Here’s a few of the team’s takeaways from each event and why you don’t want to miss them next year!
Cross-border travel and business have made a significant comeback with life largely returning to normal in the post-COVID-19 world. Canadian businesses and United States (U.S.) businesses employing Canadian nationals should be aware of the post-pandemic U.S. immigration processing times for Canadian nationals and formal and informal policy changes impacting certain visas frequently used by companies for cross-border business. These include:
Buffalo Niagara’s advanced manufacturing ecosystem employs nearly 70,000 members of our community and has a gross regional product of $13.2 billion. Economic data points are critical in helping companies – and communities – make critical investment decisions and inform strategic development efforts.
On August 9, President Biden signed the CHIPS and Science Act into law, investing more than $50 billion into research and manufacturing of semiconductor chips in the United States. Semiconductor chips are in, well, everything nowadays - computers, iPhones, medical devices, cars, and more. Currently, American companies only produce about 10% of the world’s semiconductor chips and none of the world’s most advanced, according to whitehouse.gov. The legislation is intended to spur and incentivize domestic manufacturing - and it could have an impact in Buffalo Niagara soon.