INVESTMENT

$2,575,985,076 capital investment pledged

JOB IMPACT

2,541 total jobs2,007 new jobs pledged • 534 jobs retained

AVERAGE SALARY

$62,663

15 WINS

2015-2016 RESULTS

[businesses expanded or new]

BUFFALONIAGARA.ORG

INVESTMENT $6.2 Billion capital investment

COMPANYWINS

ADVANCED BUSINESS SERVICES 2 $27,689,000 551

CAPITALINVESTMENT

TOTALJOBS

ADVANCED MANUFACTURING 6 $781,737,076 1,258

AGRIBUSINESS 3 $46,344,000 268

LIFE SCIENCES 4 $1,720,215,000 464

JOBS 44,009 jobsSINCE 1999

WINS 351

Come grow your business with us.

BUFFALONIAGARA.ORGBUFFALONIAGARA.ORG

The Economic Impact ( 2 0 1 0 - 2 0 1 6 )

90 wins

$1.3 billionlabor

income

$5.8 billiontotal economic

impact

22,585 jobsemployment

impact

G E N E R AT I N G

A Plan ForwardThis is a new day for the Buffalo Niagara region and for our organization. Our plan represents a

refocus on the fundamentals and builds on past experiences and learning:

• Support and Grow Key Industry Sectors

• Target Marketing and Business Recruitment

Performance Goals Our overarching focus is to help create new jobs and advance economic growth across the region. Our strategic plan

will strengthen and create innovative marketing strategies and economic development initiatives and tools that will encourage job creation in the Buffalo Niagara region. Our goals are to:

• Generate 115 business leads per year to encourage companies to consider locations or expansions in the region

• Facilitate 32 unique company and consultant visits to the region per year that will enhance companies’ understanding of our business attributes

• Encourage the creation of at least 1,000 jobs in the region annually through collaboration with our partners

• Address Regional Talent as a Strategic Imperative

• Promote Buffalo Niagara

[businesses expanded or new]

2015-2016 WINS [businesses expanded or new]

Sodexo $27,134,000 Investment | 511 Retained Jobs

One of the nation’s largest providers of food and facilities management services, Sodexo was operating four separate facilities in Amherst, NY and wanted to consolidate. In its search for a new location, they conducted a comprehensive analysis of possible sites, including their U.S. headquarters in Gaithersburg, MD. After considerable analysis, Sodexo chose to build a 110,000 sq. ft. facility in Airborne Commerce Park in Cheektowaga with Uniland Development, retaining 511 local jobs. Sodexo is investing $21 million in the new facility’s construction and an additional $6 million in machinery and equipment upgrades. InBN assisted the project and helped in navigating the incentive process at the state and local levels.

TxMQ Inc. $555,000 Investment | 40 New Jobs

TxMQ, Inc., is a Williamsville-based IT services and software company. Ready for a significant expansion, the company evaluated competitive regions and explored utilizing a fully remote workforce rather than a traditional centralized office. Invest Buffalo Niagara coordinated their incentive process, critical to mitigating overhead costs and to making the project competitive in comparison to other business models. Empire State Development provided Excelsior Jobs Program fully refundable tax credits and TxMQ, Inc. leased space in Williamsville, pledging to create 40 high-paying jobs and to invest $555,000 over the next five years.

1366 Technologies $728,180,076 Investment | 1,000 New Jobs

1366 Technologies, a manufacturer for the solar energy industry, will establish its first direct wafer production plant at the Western New York Science Technology and Advanced Manufacturing Park (WNYSTAMP) in Genesee County. With ample acreage and adequate infrastructure as major challenges for clean energy/high technology companies, we convinced the company and their site selectors that they could design and build a facility to suit their specifications. Having secured their interest, financing, incentives and risk mitigation became the primary focus. Because the STAMP was the only viable site in the region, we focused on securing sufficient state resources to enable Genesee County to complete the acquisition of the acreage and the construction of the required infrastructure.

ESD, NYPA, NYSERDA, New York State Homes and Community Renewal, and US Department of Energy all played significant roles in incentivizing this project. 1366 will lease the new 130,000 square foot facility from Genesee County for the next decade.

BMH Systems $500,000 Investment | 5 New Jobs

BMH Systems is a manufacturer of concrete production equipment and systems based in Quebec with 40 employees and 50% US Sales. Having gained two new NYS contracts, they wanted to grow their sales in WNY and Southern Ontario.

InBN assisted BMH with cross border due diligence meetings, a site search, and workforce information. The company has leased space in Williamsville, NY and plan to hire five new employees over the next three years.

Bridgestone APM $15,330,000 Investment | 60 New Jobs

Bridgestone APM produces a foam product used in car seats and automotive energy absorbent pads. Due to a large customer base in the Canadian automotive assembly industry, Bridgestone needed a location close to the Canadian border to better serve this market. Site selectors from South Carolina reached out to InBN for assistance with finding shovel ready real estate, understanding the labor market in the region and navigating public incentives. The company’s Ohio-based management team traveled to Japan to present their recommendations to the parent company’s leadership. Working with developer, TM Montante, Bridgestone APM will construct a 65,000 sq. ft. building in Vantage Industrial Park in Sanborn, NY. The cost of construction is $12.28 million and an additional $3.05 million will be spent in new machinery and equipment for the plant.

CarbonOne Technologies $17,802,000 Investment | 53 New Jobs

CarbonOne Technologies is a Canadian-based, publicly traded company that has developed a way to produce composite materials that are stronger and more durable properties than steel. Ready to commercialize their product, CarboneOne evaluated both southern Ontario and Buffalo Niagara for this expansion.

Due to our region’s top class workforce and low overhead costs, as well as Excelsior Tax Credits from Empire State Development, CarboneOne selected North Tonawanda, NY for its first US facility, forming EcoCarbon Technologies USA, Inc., a division of CarbonOne.

Sensorcon $16,900,000 Investment | 93 New, 9 Retained Jobs

Invest Buffalo Niagara initially assisted Sensorcon's relocation from Boston, MA to WNY in 2006. Since then, the company developed highly advanced integrated sensor technology, which led to its acquisition by Molex in 2014. Molex then planned to significantly expand its newly acquired Sensorcon division and engaged in a site selection process between Buffalo Niagara and Chicago, where Molex is headquartered. Invest Buffalo Niagara worked with Empire State Development to craft a strong case for our region, highlighting our highly talented workforce, low cost of doing business and straightforward incentive programs. Ultimately, Molex decided to invest heavily in the Buffalo Niagara region, pledging to create 93 new jobs and invest nearly $17M.

Advanced Business Services

Advanced Manufacturing

BUFFALONIAGARA.ORG

NEW YORK

Sherwood Electromotion Inc. $3,025,000 Investment | 24 New, 14 Retained Jobs

Sherwood Electromotion is a Canadian-based company that makes new and rebuilt motors, generators, and blower assemblies for the rail, transit and wind industries. Due to an increase in sales, they outgrew their modest space in Buffalo and needed a new location to accommodate their growing business. InBN assisted with incentives meetings with Empire State Development, ECIDA, NYSERDA, and the City of Buffalo and coordinated meetings with local electricity providers, and workforce (DOL). We conducted a site search enabling them to find a new building location. The company has purchased a 62,000 sq. ft. building in West Seneca and plans to retain their current 14 employees while adding an additional 24 over the next three to five years.

Gordon Food Service $6,900,000 Investment | 32 New Jobs

Gordon Food Service, a family-operated broad line food distribution company headquartered in Michigan, sought to expand with a facility in Buffalo Niagara, Denver or Chicago. We assisted them in their due diligence process with regional data, incentive introductions and applications and workforce data. We also facilitated introductions to the various utility companies that service their new building location. The company applied for and accepted IDA benefits, has leased 30,000 sq. ft. space and plans to add an additional 10,000 sq. ft. to the building. This new location will accommodate 32 new employees and the total project is budgeted at $6.9M.

Pride Pak $36,889,000 Investment | 206 New Jobs

Canadian-headquartered Pride Pak processes fresh vegetables and employs over 200 people. Needing to be closer to their customer base, they sought a US-based processing center. A critical piece to identifying a new facility was access to large quantities of water and related wastewater capacity. InBN assisted with cross-border due diligence, site selection, workforce data and direction, and incentive introductions and applications. The company chose to build a new 64,000 sq. ft. facility in Medina, NY located on 13 acres. They plan to hire 206 employees over the next three to five years.

Niagara Food Specialties $2,555,000 Investment | 30 New Jobs

Niagara Food Specialties is an artisan producer of salami, prosciutto, capicola, sausage and other specialty meats. They are headquartered in Niagara Falls, Ontario and wanted to expand their business into the US. InBN met the company while attending a food processing show in Toronto. We assisted them with cross-border due diligence meetings, site searches and tours, workforce information, and incentive introduction and contacts. The company has purchased a 51,500 sq. ft. building in Lyndonville, NY and after renovations and equipment installation, they plan to create 30 new jobs over the next three to five years.

Athenex $1,720,000,000 Investment | 450 New Jobs

Athenex (formally Kinex) will build its first major manufacturing facility in North America in the town of Dunkirk in Chautauqua County. The High Pharmacy Oncology Manufacturing Facility will formulate sterile, high potency oncology drugs in a specialized, controlled environment for shipment around the world. The plant will also specialize in manufacturing oncology pharmaceutical products, which are often on the FDA’s drug shortage list. A specialized plant such as this has not been built in North America in more than 15 years. The facility will be located off Lake Shore Drive East (Rte. 5), just northeast of the Dunkirk city line. Athenex will invest a minimum of $1.52 billion in the facility, in addition to New York State’s commitment of $200 million, creating 450 jobs in the Dunkirk area.

Atomic Medical Innovations $10,000 Investment | 3 New Jobs

An early-stage medical device company, Atomic Medical is developing a novel product for treating complex wound care cases. Ready to take the next steps towards commercialization, the company’s founders sought an ecosystem that would best help them to succeed and grow towards that goal. This search led Atomic Medical to relocate from Arizona to Buffalo. Key to this decision was a partnership with the University at Buffalo and faculty, the START UP NY tax incentive program, and Invest Buffalo Niagara’s project management assistance. They hope to expand significantly over the next few years as they move through the FDA regulatory process.

Chronicle LifeSci America Corp. $80,000 Investment | 5 New Jobs

Privately held Chronicle is a Toronto-based producer of periodicals, newsletters and websites for physicians and the pharmaceutical and biotechnology industry. The Chronicle Companies were seeking to grow the company’s presence in the US, identifying Buffalo as an ideal location due to its proximity to Toronto and the major growth of the life sciences industry, particularly on the Buffalo Niagara Medical Campus.

Invest Buffalo Niagara worked with our partners at UB to walk the company through the START-UP NY application process and facilitated cross-border introductions in human resources and banking. Chronical LifeSci America Corp. has now opened an office in UB’s Center of Excellence in Bioinformatics and Life Sciences. This serves as the U.S. entry point for their mobile website, www.derm.city, which they envision as an international content and networking tool for doctors.

Coqui 3D Inc. $125,000 Investment | 6 New Jobs

Coqui 3D Inc. is a virtual/augmented reality technology company founded in Kitchener, ON. The technology was originally developed for creating 3D virtual reality opportunities in the film industry, but founder Ben Sainsbury recognized this same technology could have significant applications in the medical field, particularly for the training of surgeons. The company considered launching this new entity in either southern Ontario or the Buffalo region. We helped facilitate connections with several players in the entrepreneurial ecosystem, including the University at Buffalo, Z80 Labs and Launch NY. The company selected Buffalo Niagara and was accepted in the START UP NY program. It became a tenant of the Z80 Labs incubator in September 2015, pledging to create six jobs and invest $125,000.

Agribusiness

Life Sciences

BUFFALONIAGARA.ORG

Come grow your business with us.

" "

Many corridors can help start a medical device

company, but they don’t have what Buffalo was

able to bring together. - Jay Sexton, president & CEO, Atomic Medical Innovations