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Buffalo Economy News
Buffalo’s economy continues to build momentum, with more than $7.5 billion in construction projects either completed or underway in the City of Buffalo since 2014, according to Buffalo Business First, a business newspaper. That figure climbs to $18.1 billion when including projects from the Western New York region as a whole.
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Banking & Corporate Headquarters
Read about Buffalo's contribution to the region's banking and corporate businesses.
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Buffalo Niagara Medical Campus
The “Buffalo Billion” has also led to critical state investments at the Buffalo Niagara Medical Campus (BNMC), a consortium of the region’s top health care, education, and research institutions.
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Canadian Impact
The impact of Canadians on the local economy is expected to increase as the “Golden Horseshoe” region of Southern Ontario (Toronto-Niagara Falls-Hamilton area) is projected to grow from 8.8 million people today to 11.5 million by 2031.
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Special Report on Buffalo's Economy
View the Comptroller's Corner Special Report on Buffalo's economy.
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Special Report on Economic Development Projects
Watch the Special Report on the Economic Development Projects.
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Tesla
Tesla opened a solar panel production facility in Buffalo last year, which currently employs 600, and is ultimately expected to create 3,000 permanent jobs.
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Waterfront Development
Capitalizing on its Lake Erie shoreline and historic significance as the western terminus of the Erie Canal, Buffalo has recently made great strides in developing its waterfront.
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Tour of Buffalo's Economic Progress
View this tour of Buffalo's economic progress.