The Buffalo Niagara Partnership plays a key role in the economic development process in the Western New York region. We work to give our members a “seat at the table” with government policy makers, community leaders, area colleges and universities, economic development agencies and other groups to promote and sustain the economic health of the region.
We can think of economic development in the Buffalo Niagara Region as having three legs – land, labor and capital. Like a three-legged stool, all three must work together in balance for the development process to work smoothly and properly for the benefit of businesses in the region.
The Buffalo Niagara Partnership can assist companies in all three categories to help businesses increase their competitiveness and ability to thrive in our local economy, as well as nationally and internationally.
Land is the natural resource found within our region’s economy, a limited and fixed resource that calls for careful planning to ensure the best use for economic growth and sustainability. Examples of Partnership work as it relates to the land portion of economic development include:
Labor represents the human capital aspect of economic development. Human capital includes all able-bodied individuals capable of working in the area’s economy and providing various services to other individuals or businesses. The Partnership is involved in many initiatives aimed at improving our area’s human capital through training, education and other programs. Examples include:
Capital has two definitions as related to economic development. Capital can represent the monetary resources companies use to purchase land and other capital goods. Capital also represents the major physical assets that companies use when producing goods or services. These assets include buildings, production facilities, equipment and other similar items.
The Partnership assists area companies in a number of ways with issues related to capital, including assistance with grant writing for specific programs. Other examples related to capital include:
The State of New York, the counties of Erie and Niagara, the cities of Buffalo and Niagara Falls and the surrounding towns and communities, all share a common goal of fostering economic development in the region. Thus, there are an incredible variety and range of available resources and dedicated organizations to assist companies and employers. The Partnership is here to help.
WATCH Webisode with Senate Majority Leader Charles Schumer About this Webinar: As the new Majority Leader of the US Senate, Senator Schumer provided BNP members with an update on the federal government’s response to the COVID-19 pandemic, his priorities for additional COVID-19 relief legislation, and his goals as Democrats now
WATCH Webisode with NYS Senate Majority Leader Andrea Stewart-Cousins About this Webinar: The Buffalo Niagara Partnership hosted a Capital Conversations event with New York State Senate Majority Leader Andrea Stewart-Cousins on Thursday, October 22nd. The Majority Leader discussed the fiscal impact of COVID-19 on New York State including options for addressing the state’s massive revenue
In the midst of the COVID-19 pandemic, New York State added a major prevailing wage expansion into the enacted state budget. This decision, long opposed by the Buffalo Niagara Partnership and statewide business leaders, will make it even more difficult to attract private sector investment to a state already burdened