Regional Economic Development
Research, Marketing & Business Attraction
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Annual Report 2012/13
In what continues to be a very challenging economic development environment, Buffalo Niagara Enterprise met our job and project win goals for the second consecutive year, and actually doubled our jobs impact numbers. And again this year, the average salary of the jobs associated with our wins exceeded the per capita income of the region.
We are very pleased that for the second year in a row we have shattered our investment goals with an actual investment figure nearly four times that of our original projections. Given the multiplier effect of these jobs and investment, the total economic impact on our community from Buffalo Niagara Enterprise’s work this past year will likely exceed one half of a billion dollars.
None of this happens by accident. It occurs because Buffalo Niagara Enterprise employs a professional staff that utilizes best practices while engaging the best partners. It is a proven formula that continues to pay dividends for our region. And it is an approach that we will follow again next year.
Collaboration and outreach were consistent themes for our organization throughout 2012-2013. We joined with public and private partners from across upstate and beyond to promote our regional assets in growing industries and emerging technologies. Through proactive engagement with companies and economic development associates we carried this message and told our positive story across the United States and around the globe. We added new tools and developed new marketing collateral that strengthened our messaging and enhanced our ability to tell the great story occurring in Buffalo Niagara.
The numbers and highlights in this report also tell another very important story that should not be overlooked; we’re not just waiting for progress anymore. Progress is here. Progress is happening. In the year ahead we’ll be working diligently to deliver even more of it.
There may be no more important group of partners than the dedicated and committed companies whose investment and vision enable us to fulfill our mission. The value that Buffalo Niagara Enterprise continues to bring to our economic development delivery system was validated by the addition of six new private investors and increased investment from two current investors. To all the companies that generously support our efforts, thank you for your continued leadership and support. We hope you share our pride in these results.
Randall L. Clark Thomas A. Kucharski
Chairman President & CEO