2/20/2014 1:58:24 PM
Buffalo Business First: Officials hope to spring Riverbend soon
Buffalo Business First
Just a few months after its dramatic announcement, both state and local officials say the plan to build a 90-acre high tech hub in Buffalo is moving ahead.
The clock is ticking and they expect to meet every deadline, officials said.
The park, set for a portion of the former Republic Steel property along South Park Avenue, will be home to a pair of high-tech, clean-energy firms. Collectively, the Buffalo High Tech Innovation & Commercialization Hub at Riverbend project, represents $1.5 billion in public- and private-sector investment and the potential to create 850 jobs initially, with, the potential of another 1,200 positions. The hub will be home to Soraa and Silveo, who will anchor the first 275,000-square-foot building that should be constructed and opened within the next 18 months.
“We expect site work to begin this spring,” said Howard Zemsky, Western New York Regional Economic Development Council co-chair.
To land the California companies — Soraa and Silevo, New York state is investing $225 million from the Buffalo Billion fund for the project.
Soraa and Silevo represent a concerted effort by state and local leaders to have Buffalo emerge as a cutting-edge, high-tech hub serving both on its own and as an economic development companion to the SUNY College of Nanoscale Science and Engineering in Albany.