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Annual Report 2011/12

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Welcome to Buffalo Niagara Enterprise’s 2011-2012 Annual Report.  We are extremely pleased to present the companies, investment, jobs and highlights that have occurred as a result of ourefforts over the last year.  A closer look at our results will explain why we are enthusiastic about the future.

In a very challenging environment for economic development, 2011-2012 saw Buffalo Niagara Enterprise meet our goals for project wins and jobs created while shattering our project win investment numbers for the second consecutive year.  The average salary of the jobs created by our project wins last year exceeded the average salary of jobs across our region.   

New tools were added to our research arsenal this past year, while new marketing collaterals were developed that strengthened our messaging and enhanced our ability to tell the great story occurring in Buffalo Niagara.  The award winning “A Million Reasons to Expand Your Business to Buffalo Niagara” advertising campaign was launched and received rave reviews in targeted markets and industry clusters across the country and around the globe.

The value the BNE brought to our economic development delivery system was validated by the addition of five new private sector investors and increased investment from four current investors.

But 2011-2012 provided even more reason to be confident going forward.

Capitalizing on our regional approach to economic development, BNE joined a collaboration of public and private economic and community development partners on the Western New York Regional Economic Development Council.  Our combined efforts produced “A Strategy for Prosperity”, one of four statewide plans that resulted in $100.3 million in economic development assistance being awarded to projects throughout our community.

A few months later Governor Andrew Cuomo announced an unprecedented commitment of $1 billion in economic development aid and assistance to help spur long term, sustainable economic growth in Buffalo Niagara.  Momentum is growing.  People in and outside of our region believe again in our future.  There is excitement about investing in the region and good reason to invest in us as well.

We couldn’t ask for a better way to enter 2012-2013!

Randall L. Clark                  Thomas A. Kucharski

Chairman                             President & CEO