Over the years, Buffalo has been gifted the name the Nickel City. But (between you and I) it does just fine with plastics, too. Plastics manufacturing, that is. The Buffalo Niagara region as a whole is perfectly positioned to prop up your plastics manufacturing business.
Location, location, locationFreight costs to ship goods can become burdensome. Not in Buffalo Niagara. Our strategic geographic location puts us within a 10-hour drive of 40 percent of the continental U.S. population. That radius extends west to Chicago, south to Washington D.C., east to most of the coast, and north into much of Ontario. For companies with a market in Canada, we offer a position to have one foot on each side of the border.
Powerful region
The geography of Buffalo Niagara nestles the wondrous Niagara Falls right in our backyard. Over 20 percent of the fresh water in the U.S. passes over Niagara Falls. We leverage that potential, creating a great hydropower infrastructure that is easily accessible and has lucrative tax incentives. Hydropower is allocated on an application basis. Many of the companies that relocate or expand into the Buffalo Niagara region cite hydropower as one of their main incentives.
Encouraging research
In our region, we understand the value research and development bring to the future of business. We offer no sales tax on production or research and development equipment, which could be vital to the future of your expansion project both geographically and in size.
On the topic of taxes, there also is no inventory tax, and no state corporate income tax for manufacturing companies. That’s a lot of money saved.
It’s been done
If you’re reading this and saying, “It all sounds absolutely incredible, I’m just having a hard time believing it,” just ask your soon-to-be neighbors.
We at Invest Buffalo Niagara have helped several plastic manufacturing companies expand or relocate to Buffalo.