3/28/2014 8:37:26 AM

The Buffalo News: Buffalo Billion developers announce plans for new technology-based hubs

The Buffalo News

More than a month after the state announced that developers LPCiminelli and McGuire Development Co. would have the lead roles in creating two new technology-based “hubs” planned under the Buffalo Billion economic development initiative, officials on Thursday unveiled what each would be doing.

LPCiminelli will be responsible for developing the Buffalo High-Tech Innovation and Commercialization Hub at Riverbend in South Buffalo, where two California-based solar-technology firms plan to relocate substantial operations and create 850 jobs.

McGuire will handle development of the planned Buffalo IT Innovation and Commercialization Hub, featuring a 100,000-square-foot operation and 500 jobs for computer giant IBM Corp. at a downtown Buffalo location that has not yet been determined.

Under separate memoranda of understanding between each developer and the State University of New York, whose SUNY College of Nanoscale Science and Engineering is driving the initiative, the two developers will begin work on the separate real estate projects.

“We have identified key development opportunities, attracted cutting-edge businesses willing to make Buffalo home, and selected sites for high-tech projects that will create hundreds of good-paying, sustainable jobs,” Gov. Cuomo said in a press release. “This progress will help us continue realizing the goals behind the Buffalo Billion.”

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