2/25/2014 8:28:45 AM

The Buffalo News: Cuomo hails ‘right project’ with IBM for Buffalo tech hub that will bring 500 jobs

The Buffalo News

Tech hub downtown is 3rd economic boost

For the third time in 15 months, Gov. Andrew M. Cuomo on Monday traveled to Buffalo Niagara to unveil a multimillion-dollar state investment in the region, money that is meant to spawn hundreds of new private-sector jobs.

It’s an attempt to revive a local economy that for years has lagged behind that of the rest of the state.

The latest initiative features an information technology hub anchored by IBM, which is bringing 500 jobs to downtown Buffalo, where the state will spend $55 million on construction and computer hardware.

“I’m so excited about this. It’s the right place to be. The right project. The right direction. IBM is the right partner to have,” Cuomo said during a stop in Amherst.

New York’s strategy here is modeled on its nanotechnology initiative in the Capital District, where billions in state aid transformed that region’s economy. Cuomo seeks to do the same for Buffalo, Rochester, Syracuse and other upstate communities.

IBM already is a partner in Albany’s nanotechnology facility, and the company has a long-standing presence in the Hudson Valley and the Southern Tier.

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