Book of Lists Insert 2012

reason #1

Located on the Canadian-American border, Buffalo is

less than 100 miles from Toronto, and within 500 miles

of 42.2% of the continental bi-national population.

reasons to expand your business to BUFFALO NIAGARA.

find more reasons at buffaloniagara.org

−Paul Banaro, Yahoo

Buffalo Niagara offers many challenging careers and great communities without many of the obstacles we faced elsewhere.

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bne_can-profit-ad_outline_m1.pdf 1 8/8/11 3:21 PM

Where Business Works.

www.BuffaloNiagara.org/MillionReasons

Buffalo Niagara, located in Western New York with a population of 1.5 million (2010), is a region that is truly on the rise. In the past decade more than 50 American, Canadian, and international companies have set up shop in our region, drawn to the Millions of Reasons Why Business Works in Buffalo Niagara.

Located on the Canadian-American border, Buffalo is less than 100 miles from Toronto, and within 500 miles of 42.2% of the continental bi-national population, or 131 million people. The region is positioned on the shores of two Great Lakes (Lake Ontario and Lake Erie) and boasts Niagara Falls – all of which provide ready shipping and logistics options as well as sustainable energy and plentiful water. Buffalo Niagara is home to seven international ports of entry (four auto, three rail, one water). These ports fa-cilitate $72 billion in annual trade between the U.S. and Canada, the world’s two largest trading partners.

Buffalo Niagara was recently ranked the third least expensive place to do business among 12 U.S. metro areas with populations between one and two million people – and here’s why. Buffalo Niagara offers com-petitive labor rates, which are seven percent lower than the national average. There is ample, afford-able real estate. And the region has a healthy, in-place infrastructure, which includes highway systems, transportation, telecommunications, utilities, schools, and technology.

The region’s labor pool is not only affordable, but educated and ready to work. Each year Buffalo Niagara’s colleges and universities produce more than 25,000 bright, skilled, and enthusiastic graduates.

Buoyed by the area’s affordability, labor force, and logistics capabilities, key industries such as Advanced Business Services, Advanced Manufacturing, Agribusiness, Cleantech, Hospitality/Tourism, Life Sciences, and Logistics are experiencing great growth in Buffalo Niagara. Companies recognize that there are A Million Reasons Why Business Works Here.

665 Main Street, Suite 200 • Buffalo, NY 14203

716.842.1330 or 1.800.916.9073

Buffalo Niagara ::Where Life Works.

Disclaimer: The information provided as part of this product/service is provided on an as-is basis. Buffalo Niagara Enterprise makes no representations or warranties of any kind with respect to the information, including but not

limited to, the accuracy, completeness, timeliness, or merchantability for a particular purpose. Buffalo Niagara Enterprise is not liable to any person(s) for any decisions or actions taken as a result of reliance upon the

data/information, or for any lost profits or similar damages as a result of such decisions by the requestor.

Buffalo Niagara ::Where Business Works. www.BuffaloNiagara.org/MillionReasons 2

reason #17

reason #15 #1 Arts Destination for mid-sized cities

#3 Cleanest City in America

#2 Best City to Relocate to in America

Buffalo Niagara ::Where Life Works.

reason #16

Source: Readers Digest

Source: CNBC.com

Source: American Style Magazine

Disclaimer: The information provided as part of this product/service is provided on an as-is basis. Buffalo Niagara Enterprise makes no representations or warranties of any kind with respect to the information, including but not

limited to, the accuracy, completeness, timeliness, or merchantability for a particular purpose. Buffalo Niagara Enterprise is not liable to any person(s) for any decisions or actions taken as a result of reliance upon the

data/information, or for any lost profits or similar damages as a result of such decisions by the requestor.

There are people who talk about

making Buffalo a better place.

And there are people who do it.

Join the Buffalo Ambassador program

and make a difference.

FOR MORE INFORMATION & TO SIGN UP

WWW.BUFFALOAMBASSADOR.COM218.2943

SHOW OFF

YOUR

BUFFALOv

e


Top Buffalo Businesses

Source: US Bureau of Economic Analysis, 2010

Top Private Sector Employers

Company Industry Employees

Kaleida Health Health care system 10,000

Catholic Health System Health care system 6,230

Employer Services Corp. Employment-related services 6,089

Tops Markets LLC Supermarket retailer 5,103

HSBC Bank USA, N.A. Commercial bank 5,000

M&T Bank Commercial bank 4,611

Seneca Gaming Corp. Entertainment 3,505

Catholic Diocese of Buffalo

Parishes, schools, and institutions 3,500

Wegmans Food Markets Inc.

Supermarket retailer 3,011

Roswell Park Cancer Institute

Hospital 2,875

Moog Inc. Manufacturer of precision-control components and defense systems

2,651

Elderwood Senior Care Skilled nursing facility 2,364

Dresser-Rand Co. Manufacturer of compressors, engines, and steam turbines

2,300

Wilson Farms Inc. Convenience store 2,284

People Inc. Services to people with developmental disabilities

2,070

Source: Business First 2011 Book of Lists

Western New York

Total Population: 1,525,313

Population Density: 235.5 (Pop/Sq Mi)

Total Households: 627,450

Average Household Income: $60,662

Median Household Income: $45,476

Per Capita Income: $26,369

The Gross Metro Product of the Buffalo-Niagara Falls, NY MSA is

$45.15 billion, ranking the region as the54th largest metro economy.

Source: Inc. Magazine, 2010

Home to 12 companies ranked as America’s Top 3,000 Fastest Growing Companies.

reason #73

reason #314

NYSM-5052 / 10-11

NYSM-5052 Go Ahead Upgrade Ad Buffalo First O 10-20-11.indd 1 10/20/2011 2:47:30 PM


DemographicsTop Buffalo Businesses

Households by Income

$0 - $15,000 94,777 15.1%

$15,000 - $24,999 75,697 12.1%

$25,000 - $34,999 73,923 11.8%

$35,000 - $49,999 95,517 15.2%

$50,000 - $74,999 120,323 19.2%

$75,000 - $99,999 76,441 12.2%

$100,000 - $149,999 63,207 10.1%

$150,000 + 27,565 4.4%

Fall 2010 Estimate, Source: Demographics Now

Western New York

Total Population: 1,525,313

Population Density: 235.5 (Pop/Sq Mi)

Total Households: 627,450

Average Household Income: $60,662

Median Household Income: $45,476

Per Capita Income: $26,369

Employment and Business

Age 16+ Population 1,240,786

In Labor Force 775,663 62.5%

• Employed 704,414 90.8%

• Unemployed 69,862 9.0%

• In Armed Forces 1,387 0.2%

Not In Labor Force 465,123 37.5%

Number of Employees (Daytime Pop)

786,722

Number of Establishments 56,571

Fall 2010 Estimate, Source: Demographics Now

The Gross Metro Product of the Buffalo-Niagara Falls, NY MSA is

$45.15 billion, ranking the region as the54th largest metro economy.

Home to 12 companies ranked as America’s Top 3,000 Fastest Growing Companies.

#10 Best Place to Raise a Family Source: Forbes Magazine

reason #623

Shovel-ready sites!Expedited permitting process!WE ARE BUSINESS-READY.

Experience the business-ready approach of the Town of Lockport

Lockport Industrial Park •full service, pre-permitted site •located adjacent to major highways and rail facilities•inexpensive land •ample power •buildings range from 2,500 square feet to 150,000 square feet •tenants range from 5 employees to 75 employees

Contact the Town of Lockport Economic Development Departmentat 716.439.9535 or [email protected] to

learn how we can accommodate your business needs

Town of Lockport Economic Development 6560 Dysinger Road Lockport, New York 14094

www.LockportEconomicDevelopment.com

Yahoo! Datacenter Entrance / Lockport Industrial Park


RailFeaturing over 1,000 miles of rail and one of the largest railheads in the U.S., the Buffalo Niagara region is served by four Class I railroads (CSX, NS, CN, and CP) and one regional railroad (Buffalo & Pittsburgh, a division of Genesee & Wyoming Inc.), which interchanges with all four Class I railroads.

Both CSX and NS have centrally located intermodal yards, offering superior access to the Port of New York/New Jersey and Chicago, IL. Domestic and international container service is available.

PortThe Port of Buffalo is the first major U.S. Port of Call encountered when entering the Great Lakes. The Port provides many benefits to Buffalo Niagara companies:

• Encompasses Foreign Trade Zone No. 23, which means incentives for area businesses

• Piers with 27 feet of water (Seaway standard depth)

• Two hundred acres located on or near deep water are set aside for bulk cargo storage

• Sheltered by the harbor breakwall, self-unloaders and conventional bulk carriers can safely discharge and load

• Features 230-ton American crawler crane and a heavy-duty front-end loader

• Provides in-port rail service via the Buffalo & Pittsburgh Railroad, interchanging with the CSX, NS, CN, and CP

Market Access

An average commute time of 21.2 minutes. 4 minutes faster than the national average.

7 International Ports of Entry

reason #12,042 New York State named

best transportation infrastructure

reason #37,000

reason #808

Source: US Census Bureau, 2010

Source: Business Facilities

Chautauqua County, NY

Where Business & Pleasure Meet

County of Chautauqua Industrial Development Agency ServicesBusiness Assistance, Site Identification, Tax Abatement

(Real Property, Mortgage Recording and Construction Sales Tax),Low Interest Loan Funds for Tourism, Industrial and

Commercial Applications

WWW.ccida.coM716.661.8900 | [email protected]

200 Harrison Street • Jamestown, NY 14701

Cummins Jamestown Engine Plant

Concord Grape Vineyard on Lake Erie

County of Chautauqua

Industrial Development Agency


Air TransportationAveraging 110 daily flights with non-stop service to 19 cities and 23 airports, the Buffalo Niagara International Airport (BNIA) plays an essential role in the development of business and tourism in the region.

An alternative option, close to the Canadian/US border, is the newly opened Niagara Falls International Airport (NFIA) commuter terminal. The NFIA is also highly reconized for its freight operations.

Market Access Transportation

Average One-Way Air Fare

Metro Area Cost

Buffalo-Niagara Falls, NY $146

Jacksonville, FL $163

Albuquerque, NM $177

Boston, MA $186

Portland, OR $187

Austin, TX $198

Source: U.S. Department of Transportation Consumer Airfare Report, Q4, 2010

Flight Times from Buffalo

Metro Area Hours

Boston, MA 1.2

New York, NY 1.2

Washington, DC 1.3

Atlanta, GA 2.2

Chicago, IL 1.8

Dallas, TX 4.7*

Los Angeles, CA 7.1*

Seattle, WA 7.2*

* No direct flights from BNIA. Direct flights depart out of Toronto’s Pearson Airport (1.5 hours drive)

The BNIA has been closed a mere 144 hours since 1999,

an average of 12 hours per year.

Niagara Falls International Airport

Buffalo Niagara International Airport

reason #202,000

Source: US Census Bureau, 2010

Peace Bridge


Workforce

Distribution of Labor Supply (Persons age 16+), 2009

37%63%

Public Sector(129,000)

Private Sector(537,000)

Out of Labor Force

(448,000)

Unemployed(68,000)

Other(59,000)

Sources: American Community Survey 3-Year Estimates, 2006-2008; Quarterly Census of Employment and Wages, 2009;

Local Area Unemployment Statistics, 2009

More 25– to 34–year olds in Buffalo Niagara have a college degree. Source: American Community Survey 1-Year Estimates, 2010

28.3%BN MSA

28.2%U.S.

% Population by Age with a Bachelor’s Degree or Higher (Persons age 16+), 2009

reason #497,000

Buffalo Niagara’s labor supply is comprised of 1.2 millionpersons age 16+. About two-thirds are employed or seeking

employment, constituting a workforce of nearly 800,000.

The work ethic here is in the DNA.-Doug Dimitroff, Partner, Phillips Lytle LLP

reason #386,005

Low Interest Finance Ratesare available for business activities in North Tonawanda.The LCDC offers flexible rates, terms, and conditions on loans of at least $25,000. The streamlined process is easy to navigate and a package can be developed to combine with other institutional lenders.

Comprehensive Assistanceis available to site selectors with every aspect of selecting the appropriate building or site for your business. The LCDC will act as your liaison to utility companies, municipal departments, and taxing entities. We also provide services for small and mid-sized companies such as business planning, market analysis, loan packaging, training assistance and more.

www.lumbercitydc.com

500 Wheatfield Street • North Tonawanda, NY 14120

716.695.8580

James B. Sullivan, Director

Douglas P. Taylor, Chairman


Wage & SalaryWorkforce

Office and Administrative Support Occupations

Food Preparation and Serving Related Occupations

Education Training and Library Occupations

Healthcare Practitioners and Technical Occupations

Construction and Extraction Occupations

Healthcare Support Occupations

Protective Service Occupations

Architecture and Engineering Occupations

101,050

47,150

41,600

32,250

20,290

18,340

12,320

6,940

$32,320

$20,620

$50,060

$67,580

$46,040

$26,720

$48,310

$68,900

Occupation Total Employment Mean Annual

Source: US Department of Labor Occupational Employment and Wage Data, Buffalo-Niagara MSA, 2010

Visit www.BuffaloNiagara.org/wageandsalary for more info

Source: American Community Survey 1-Year Estimates, 2010

Employment and Salary by Occupation

Average wages in the Buffalo–Niagara Falls, NY metro area are

6% below the national average. With a cost of living 14.4%

below the national

average, employees enjoy a high standard of living.

Home to some of the greatest American architecture-Nicolai Ouroussoff, The New York Times

reason #687,004

reason #527,462

The city is home to one of the country’s finest art galleries, the Albright-Knox, famed for its incredible collection of modern andcontemporary art and of architect Frank Lloyd Wright’sfinest early work.

reason #701,062

-Destinations of the World News

Darwin D. Martin House

About BUSINESS FIRST

MORE than ever, BUSINESS FIRST delivers your best business prospects, week after week. BUSINESS FIRST is the resource of choice for in-depth local business news and information.

Print publications that local businesses rely on From the area’s fastest growing companies, to its largest employers, to the small businesses that are the backbone of the local economy, more and more people rely on BUSINESS FIRST for the news and information they need to succeed.

Online opportunities to reach more customers Extend your reach to more of your best new business prospects. No other local business news source delivers a more infl uential online business audience than website sponsorships and the daily Email Update.

Event Sponsorship While there are numerous benefi ts to partnering with BUSINESS FIRST in sponsoring one of the many special events held throughout the year, some are more obvious than others. These events allow one–on–one marketing, personally introducing new prospects to your products and services while helping to position your fi rm as an industry leader.

BUSINESS FIRST and our employees are proud to

live, work and play in the Buffalo Niagara region

Proud to support the Buffalo Niagara Enterprise!

Own the readers

www.buff alo.bizjournals.com 716-541-1629


Higher Education

Educational Institutions

Key Universities & Colleges Student Population

1 University at Buffalo 29,117

2 Erie Community College 15,084

3 SUNY College at Buffalo 12,419

4 Niagara County Community College 7,428

5 Genesee Community College 7,365

6 SUNY at Fredonia 5,772

7 Canisius College 5,111

8 Jamestown Community College 4,285

9 Niagara University 4,273

10 Bryant & Stratton Business Institute 3,795

11 SUNY College of Technology at Alfred 3,709

12 D’Youville College 3,152

13 Daemen College 2,958

14 Medaille College 2,742

15 St. Bonaventure University 2,514

16 Alfred University 2,309

17 Trocaire College 1,571

18 Houghton College 1,272

19 Hilbert College 1,056

20 ITT Technical Institute 668

21 Villa Maria College Buffalo 507

22 Jamestown Business College 386

23 Olean Business Institute 97

TOTAL Fall 2010 Enrollment 117,590

Visit www.BuffaloNiagara.org/EDGuide for more info

More than 35% of the region’s workforcehave a college degree.

reason #807,006

More than 117,000 students are enrolled in 2- and 4- year

colleges, producing more than 25,000 graduates annually.

reason #849,012

Redeveloping old structures or sites for new purposes!The ECIDA offers tax incentives for rehabilitating vacant and blighted buildings that have been empty for three years or more and are at least 20 years old.

Adaptive Reuse

- Maintains the historic nature of neighborhoods & eliminates blight

- Promotes green redevelopment

- Creates new economic activity and supports Smart Growth Strategies

In three years, over 20 projects have sought assistance. One great success story is the...

Adaptive Reuse Strategy

Larkin-U-Building

Contact the ECIDA to learn more about the Adaptive Reuse Strategy at 716.856.6525

www.ecidany.com/adaptive-reuse


Higher Education Commercial Real EstateIndustrial Market Statistics

Market

EXISTING INVENTORY VACANCYYTD NetAbsorption

Quoted

Rates#

BldgsTotal RBA* Direct SF Total SF Vac %

City of Buffalo; Urban Core 60 2,569,377 94,474 94,474 3.7% 95,094 $4.26

Eastern First–Ring Suburbs (Buffalo)

300 12,484,858 1,513,278 1,537,149 12.3% (50,098) $4.84

City of Buffalo (Balance) 423 18,775,353 1,479,533 1,563,533 8.3% (19,175) $3.12

City of Niagara Falls 34 1,244,687 81,931 81,931 6.6% (65,289) $3.49

Northern Suburbs (Erie & Niagara Counties)

342 17,115,537 820,045 820,045 4.8% (33,148) $4.74

Southern First–Ring Suburbs (Erie County)

115 4,151,450 374,820 374,820 9.0% 111,672 $4.21

Totals 1,274 56,341,262 4,364,081 4,471,952 7.9% 39,056 $4.23

Office Market Statistics

Market

EXISTING INVENTORY VACANCYYTD NetAbsorption

QuotedRates

# Bldgs

Total RBA* Direct SF Total SF Vac %

City of Buffalo; Urban Core 319 14,639,077 1,227,857 1,236,268 8.4% (50,100) $15.44

Eastern First–Ring Suburbs (Buffalo)

410 6,812,643 588,564 598,064 8.8% 47,146 $15.61

City of Buffalo (Balance) 120 3,808,871 260,761 260,761 6.8% 438 $9.89

City of Niagara Falls 59 997,179 142,763 142,763 14.3% (37,623) $11.38

Northern Suburbs (Erie & Niagara Counties)

375 6,689,220 709,055 725,354 10.8% (20,669) $15.13

Southern First–Ring Suburbs (Erie County)

188 2,248,432 248,079 258,779 11.5% 41,714 $16.73

Totals 1,471 35,195,422 3,177,079 3,221,989 9.2% (19,094) $14.91

Source: CoStar Property®, Year-End 2010 *Rentable Business Area (RBA)

Visit www.BuffaloNiagara.org/EDGuide for more info

Source: CoStar Property®, Year-End 2010 *Rentable Business Area (RBA)

More than 117,000 students are enrolled in 2- and 4- year

colleges, producing more than 25,000 graduates annually.

reason #905,000 New York State and the Greater Buffalo area possess all the resources to run a world-class data center, including a cool climate and clean energy.

-David Dibble, Yahoo! Executive Vice President of Services for Engineering and Operations

Yahoo!

Newly-developed “smart growth” urban commerce park, on reclaimed waterfront land with multi-modal transportation opportunities and excellent access to the interstate. Fully serviced parcels available from 2 – 24 acres.

Buffalo Lakeside Commerce Park

NEW FEATURE: Ship Canal Commons waterfront park now open.

RiverBendCOMING SOON: RiverBend, a 200 acre urban redevelopment project on the Buffalo River, features sustainable mixed-use development and a multi-modal transportation infrastructure.

buffalourbandevelopment.com

Buffalo Urban Development Corporation (BUDC) is the City of Buffalo’s not-for-profit development agency, reclaiming distressed land for future development.

Hon. Byron W. Brown, Chairman

Contact BUDC to learn more about available sites: 716.856.6525


QUEBEC

Toronto

LondonBuffalo

Montreal

Boston

New York City

Newark

Pittsburgh

ClevelandToledo

Detroit

Chicago

Milwaukee

Indianapolis

Cincinnati

Louisville Lexington-Fayette

Philadelphia

Baltimore

Washington D.C.

Memphis

St. Louis

Niagara Falls

BUFFALO NIAGARA REGION

C A N A D A

U S A

NEW YORK

ME

MI

WI

IL

ONTARIO

KY

TN NC

Lake Superior

LakeMichigan

LakeHuron

LakeErie

LakeOntario

AtlanticOcean

SCGA

AL

MS

IA

MO

Buffalo Niagara Enterprise (BNE) is a non-profit, private business development and regional marketing organization that works with

companies who are looking to expand, relocate or start up businesses. BNE provides access to up-to-date market and demographic

data about the Buffalo Niagara region, assistance in identifying sites, and information on how businesses can take advantage of the

region’s numerous financing opportunities and economic incentives. BNE is located in downtown Buffalo, New York, the largest city – and

the heart – of the eight Western New York counties that comprise the Buffalo Niagara region.

About Buffalo Niagara Enterprise

reason #2 Low Cost Hydropower

reason #3

The tremendous support from BNE helped us to go

from idea to action very quickly.-Eric Taylor, President, Electro Sonic

Buffalo Niagara ::Where Business Works.

Documents

Book of Lists Insert 2012