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New Markets Tax Credits 101April 19, 2016
decisions locally . . .development
makes economic
Over 30 Membersacross 5 Counties
Allegany, Cattaraugus, Chautauqua,Erie and Niagara Counties
Regional PlanningConsolidated Funding ApplicationsBuffalo Billion
for growth.
and has a solid strategy
COREStrategies
SECTORStrategies
and attractskeeps companies
new ones.
has a newly revitalized
waterfront .
The new Buffaloattracts people to
live . . .
work . . .
and visit .
$2.6 VISITORSMORE THAN
13.5BILLION
TO REGIONAL ECONOMY EACH YEAR
MILLIONVISITORS CONTRIBUTE
TO WNY PARKS EVERY YEAR
commitment. . .has a billion dollar
bright future.that invests in a
Tourism
Entrepreneurship
SUSTAINABLEECONOMIC GROWTH
High
Potential
Sectors
Key
Enablers
has burgeoning clusters on the
medical campus. . .
into jobs …
$75
ANCHOR TENANTS AMRI and ATHENEX
750
MILLIONSTATE INVESTMENT
NEW JOBS
Medical Innovation Hub
converts research
$300 MILLIONPRIVATE INVESTMENT
LOCATED AT CONVENTUS
advances
$50
500+
MILLIONSTATE INVESTMENT
NEW JOBS
research…
New York Genome
Medicine Network
WITH NEW YORK GENOME CENTER (NYGC)
PARTNERSHIP
biomedical
ROSWELL
CTG
EMPIRE GENOMICS
AESKU DIAGNOSTICS
LINEAGEN
$55
ANCHOR TENANT IBM
500
MILLIONSTATE INVESTMENT
NEW JOBS
IT Innovation & Commercialization Hub
and embracesthe innovation economy.
TEMPORARY LOCATION AT KEY CENTER
NORTH TOWER DOWNTOWN BUFFALO
TRANSITION TO PERMANENT SPACE AT
KEY CENTER SOUTH TOWER MID-2016
advances
manufacturing.
$750MILLIONSTATE INVESTMENT
High Tech Manufacturing
Innovation Hub at RiverBend
attracts successful
3,000 JOBS
companies to WNY...
$5 BILLIONPRIVATE INVESTMENT
ANCHOR TENANT
SolarCity
FUTURE COMPANIES –
START-UP NY
IN BUFFALO
© James Cavanaugh 2013
$45
at 847 Main Street, Buffalo
MILLIONSTATE INVESTMENT
APPLIED R&D SERVICES
Institute for Advanced Manufacturing Competitiveness
Also Provide Export Assistance, Process Excellence and Workforce Training Services
and competes globally .
FACILITIES AND OPERATIONS Managed by EWI
OPEN
Flexible AutomationMaterials & TestingAdditive ManufacturingMachining & Finishing
tourist destination.is a world-class
transforms downtown Niagara Falls…
“WONDER FALLS” RESORTUNILAND DEVELOPMENT - Hotel tower with world-
class amenities, restaurants and entertainment
ESTIMATED $150M PROJECT
300+ PERMANENT JOBS
1,500 CONSTRUCTION JOBS
Rainbow Mall Reuse and Redevelopment
$53.5MILLIONSTATE INVESTMENT
Robert Moses ParkwaySouth and North
and brings ourwaterfront to life.
RMP SOUTH SUMMER 2016 COMPLETION
RMP NORTH REMOVAL
ANNOUNCED MARCH 2016
WILL REDUCE PAVEMENT FOOTPRINT BY MORE THAN HALF
16 ACRES OF NEW OPEN SPACE, PROVIDING ACCESS TO OVER 300 ACRES
NEW TRAIL SYSTEM
promotes adventureand exploration…
Niagara Falls Parks Programming
11 MILES OF WATERFRONT ON THE UPPER AND LOWER NIAGARA RIVER WITH
4 STATE PARKS AND UNDERUTILIZED
STRUCTURES
enhances visitorexperience…
$5MILLIONSTATE INVESTMENTHotel Niagara
USA NIAGARA WILL ACQUIRE 201 RAINBOW BOULEVARD - THE HISTORIC HOTEL NIAGARA
FUTURE RFP FOR THE COMPLETE RENOVATION OF THE PROPERTY
and markets our regionto the world.
Coordinated Branding and Marketing
FUNDED THROUGH CFA AWARD AND COUNTY
CVBs
CONSULTANT HIRED FOR RESEARCH AND BRANDING
invests in people .
Workforce Training Center & Northland Corridor Redevelopment
aligns skills
20,000 TRAINING DEMAND IN NEXT 10 YEARS
with industry…
ADVANCED MANUFACTURING AND ENERGY TRAINING CENTER
$44 MILLIONSTATE INVESTMENT
BROWNFIELD REDEVELOPMENT ON BUFFALO’S EAST SIDE
values diversity …
Pipeline Development Programs
CAREER READINESS AND
SKILLS DEVELOPMENT
CONNECT WITHNON-PROFIT PARTNERSTO PROVIDE WRAP AROUND SERVICES FOR JOB SEEKERS
DIVERSE PIPELINE OF WELL-EDUCATED AND
WELL-TRAINED WORKERS
and champions futuregenerations.
Dream It Do It
Burgard Advanced Manufacturing Program
fosters entrepreneurs .
$5 MILLION IN PRIZES
ACCESS TO START-UP NY
43North Business Plan Competition
attracts innovators
TOP AWARD OF
SUPPORT NETWORK, INCUBATOR SPACE
TOTAL WINNERS WITH
43N TAKING 5% EQUITY
$1 MILLION
21
from around the world.
YEAR THREE LAUNCHED IN MARCH
NEW FORMAT FOR
2016 COMPETITION
21st century .
is a city for the
links people with jobs…
BETTER BUFFALO FUNDBetter Buffalo Fund
FIRST ROUND AWARDED $11.7M
$30 MILLIONSTATE INVESTMENT
ROUND TWO LAUNCHED FEBRUARY 2016APPLICATIONS DUE MARCH 28
$20 MILLIONSTATE INVESTMENT
Outer Harbor State Park Improvements
& Outer Harbor Public Amenities
and leads peopleto the waterfront .
PARTNERSHIPS WITH
NYS OFFICE OF PARKS, RECREATION AND HISTORIC PRESERVATION
ERIE CANAL HARBOR DEVELOPMENT CORP.
SMALL BOAT HARBOR & GALLAGHER BEACH
PUBLIC AMENITIES INCLUDING VISITOR CENTER AND BIKE PATH
Leveraging the portfolio
of investments
$789 MILLION
IN STATE FUNDINGSINCE 2011
$3.1PRIVATE SECTORINVESTMENT LEVERAGED
BILLIONAND WILL CREATE
OVER
7,500JOBS
WILL RETAIN OVER
14,000JOBS
Measuring Our Progress
Young Population
2010 2013
262,060 276,170% CHANGE
5.4%INCREASE
Population Ages 20-34
7,516
2011-2014 INCREASE
622,541
615,025
640,423
Moving the Needle in WNY - Since 2011, WNY has seen growth in jobs, wages and firms.
Jobs
$1.9B
2011-2014 INCREASE
$24.7 B
$26.6 B
$19.5 B
Total Wages
1,103
2011-2014 INCREASE
34,993
33,89033,710
Firms
Measuring Our Progress
871 PUBLIC AND PRIVATE PROJECTS
$19.5 BILLION IN DEVELOPMENT IN WESTERN NEW YORK SINCE 2012
AVERAGE WAGE $45,000 PLUS
Our Region is On the Move
930 FIRMS
Our Region is Getting Noticed
The city has worked to
capitalize on its rich
history . . . its cheap real
estate, and a growing
downtown scene . . .
“For anyone who hasn't been to
Buffalo in a few years, it hits you
like a sledge hammer.“
Millennials Are Moving To Buffalo & Living Like Kings.
“Entrepreneurial Spirit Is Driving Buffalo Forward“
The Wind and Sun Are Bringing the Shine Back to Buffalo
- The Boston Globe, November 20, 2014
- The Huffington Post, June 11, 2015
- The New York Times, July 20, 2015
- gothamist, January 28, 2015
- ESPN.com, January 22, 2015
“
