Cuomo: IBM Bringing 500 Jobs to Buffalo

February 24, 2014 Updated Feb 24, 2014 at 7:17 PM EDT

By John Borsa

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February 24, 2014 Updated Feb 24, 2014 at 7:17 PM EDT

BUFFALO, NY (WKBW) - Gov. Andrew Cuomo announced that 500 IBM jobs are coming to Buffalo during a budget presentation on Monday in Amherst.

IBM will be the anchor tenant of the new Buffalo IT Innovation and Commercialization Hub.

It will take between three to five years to meet the 500 jobs goal.

"There will be a 100,000 square foot facility in downtown Buffalo," Cuomo said. "Construction is going to begin this year. It should open in 2015."

No one will reveal which sites are being looked at for the new facility.

"I would say right now that every location is being considered because we have to find something that works best for IBM," said Erie County Executive Mark Poloncarz.

IBM General Manager of Microelectronics Systems and Technology Group, Buffalo native and UB graduate Mike Cadigan, said the Queen City is a perfect fit.