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.
Read about Buffalo's contribution to the region's banking and corporate businesses.
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.
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.
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.
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.
View this tour of Buffalo's economic progress.