The Buffalo Niagara Partnership (BNP) plays a key role in the economic development process in the Western New York region. We work to give our members a “seat at the table” with government policymakers, community leaders, area colleges and universities, economic development agencies, and other groups to promote and sustain the economic health of the region.
We can think of economic development in the Buffalo Niagara Region as having three legs – land, labor, and capital. Like a three-legged stool, all three must work together in balance for the development process to work smoothly and properly for the benefit of businesses in the region.
The BNP can assist companies in all three categories to help businesses increase their competitiveness and ability to thrive in our local economy, as well as nationally and internationally.
LAND
Land is the natural resource found within our region’s economy, a limited and fixed resource that calls for careful planning to ensure the best use for economic growth and sustainability. Examples of Partnership work as it relates to the land portion of economic development include:
- Buffalo Building Reuse Project (BBRP) – We are part of a public/private effort seeking to make downtown Buffalo more competitive for private investment.
LABOR
Labor represents the human capital aspect of economic development. Human capital includes all able-bodied individuals capable of working in the area’s economy and providing various services to other individuals or businesses. The BNP is involved in many initiatives aimed at improving our area’s human capital through training, education, and other programs. Examples include:
- Workforce Development – Building and maintaining a quality workforce has been a core component of the Partnership’s mission since its inception.
- Buffalo Niagara 360 (BN360) – The Partnership’s young professionals program focused on networking, leadership development and community engagement.
CAPITAL
Capital has two definitions as related to economic development. Capital can represent the monetary resources companies use to purchase land and other capital goods. Capital also represents the major physical assets that companies use when producing goods or services. These assets include buildings, production facilities, equipment and other similar items.
The Partnership assists area companies in a number of ways with issues related to capital, including assistance with grant writing for specific programs.
Keeping a leg up in every category
The State of New York, the counties of Erie and Niagara, the cities of Buffalo and Niagara Falls, and the surrounding towns and communities, all share a common goal of fostering economic development in the region. Thus, there are an incredible variety and range of available resources and dedicated organizations to assist companies and employers. The Partnership is here to help.
- BNP leadership serves on economic development boards including Buffalo Urban Development Corporation; Erie County Industrial Development Agency; Regional Economic Development Council; Visit Buffalo Niagara; and others
- We communicate employer impacts of economic development policy decisions
- We seek alignment of economic development policy at state, regional, and local levels
- We look to reduce duplication, red tape, and waste in the economic development process
- We act as the “go-to” source for information on economic development in the area
- We promote the economic development vision and competitive advantages of the region as a whole
- We serve as advocates for our members, keeping a watchful eye on potential negative aspects of economic development policy while supporting the positive effects
From the Blog
Statement From BNP President and CEO Dottie Gallagher RE: Mayoral Transition
FOR IMMEDIATE RELEASE: October 15, 2024 MEDIA CONTACT: Josh Veronica, Director of Government Affairs jveronica@thepartnership.org Official Statement from Dottie Gallagher, President and CEO of Buffalo Niagara Partnership “The BNP thanks Mayor Byron Brown for his two decades of service to our City. The City has grown tremendously under Mayor Brown’s leadership. We wish him well…
Expert panel talks collaboration as key to tech hub future
Buffalo Niagara Partnership President & CEO Dottie Gallagher was a recent guest on M&T Bank’s CommunityLIVE to discuss the tech hub and what it means for the region moving forward.
BNP hosts NYS Assembly committee roundtable on the future of tech
The Buffalo Niagara Partnership, TechBuffalo and Microsoft hosted the New York State Assembly Science & Technology Committee for a roundtable discussion focused on equity, workforce and skilling for the tech future.
Building the Future: How the Federal Tech Hub Funding Will Transform Western and Central New York
The federal funding secured through the Tech Hubs program marks a turning point for Western and Central New York, presenting significant economic opportunities our region. This is just the start of what will be a transformative journey, and the Buffalo Niagara Partnership will continue leading the way with our partners in Rochester and Syracuse.