Economic Development

ECIDA’s Adaptive Reuse Program is Critical to WNY’s Revitalization

More than 1,800 permanent new jobs have been produced and greater than 4 million square feet of vacant derelict properties in the City of Buffalo has been redeveloped and revitalized as a result of the Erie County Industrial Development Agency’s (ECIDA) Adaptive Reuse program.  Simply put, this program is one of the most impactful and efficient economic development tools available to employers in Western New York.

Taxpayers are Losing with NY’s Prevailing Wage Mandate

As part of our Government Affairs programming, we kicked-off our first of two Capital Conversation events for 2017 with a look at New York’s prevailing wage mandate and its impact on taxpayers and economic development.  E.J. McMahon, founder and research director of the Empire Center came to Buffalo to detail his new report: Prevailing Waste: New York’s Costly Public Works Pay Mandate.  Our event coincides with an effort underway in Albany to expand the prevailing wage mandate by attaching it some private projects.

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.