Economic Development

National Experts Offer Guidance for Local Development Policy

The Buffalo Niagara region is at a crucial juncture in its revitalization and efforts to halt a 50-year population decline. The time is now to move forward as one and work together to achieve the prosperous and vibrant metropolitan area we all know is possible. The Buffalo Niagara Partnership, along with the Erie County Industrial Development Agency, brought in a team of leading national economic development experts to provide guidance on how to best maintain and capitalize on our current momentum.

Mayor Brown Signs Green Code Into Law

Congratulations to Mayor Byron Brown, the Buffalo Common Council, the Mayor’s Office of Strategic Planning and the entire City of Buffalo for this week’s official signing of the Green Code, Buffalo’s first comprehensive rewrite of its zoning ordinance in more than 60 years.  The code represents a landmark step forward in the development and revitalization of the City, its buildings, streets and public spaces.  It has been produced through a comprehensive public input process over the course of more than six years and has involved thousands of residents, businesses and key stakeholders throughout the City.  The result is the establishment of a new form-based development code, the likes of which has only been established, city-wide, in two other US metros: Denver and Miami.  This framework will regulate new growth focused upon achieving sustainable, mixed-use communities and appropriate neighborhood design through a more predictable development process.

Buffalo Building Reuse Project (BBRP)

Currently in its fourth year, the Buffalo Building Reuse Project (BBRP) loan fund has proved to be an important catalyst for downtown development. Thanks to a recent infusion of $10 million from five local banks – Evans Bank, M&T Bank, First Niagara, HSBC Bank and Key Bank, as well as the New York Business Development Corporation – the program is now stronger than ever. These funds represent a major investment for downtown Buffalo and a huge boost to the BBRP loan program.

Building our Region, Investing in Transit

The Niagara Frontier Transportation Authority (NFTA) is currently in the process of assessing transit options at both ends of the Metro Rail. The system has served Buffalo along its 6.4 mile route since its completion in the mid-1980s. This line has remained relatively unchanged for 30 years.

However, the economic and transportation needs of the city and region have evolved in recent years. Growth and development in the Canalside and Cobblestone districts have brought many more people to the southern end of Metro Rail, and with additional development planned, the popularity of these areas will likely continue to increase.