Three Buffalo Billion Projects Given Green Light

June 30, 2014 Updated Jun 30, 2014 at 6:20 PM EDT

By HILARY LANE

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June 30, 2014 Updated Jun 30, 2014 at 6:20 PM EDT

BUFFALO, N.Y. (WKBW) -Three more initiatives in the Buffalo Billion, totaling $220 million, received the green light from the State today.

The first of those projects will be housed at the Key Center, where the plan is to create a multi-million dollar information technology hub.

IBM has already committed to bringing 550 jobs to the area and will serve as the anchor of the new Buffalo Information Technologies and Commercialization hub. The center will call 100,000 square feet of the Key Center home.

The second project that received State approval today, is the creation of the Advanced Manufacturing Institute operated by EWI.

An investment of $35 million will be infused to grow the high tech sector in Buffalo.

The third funded project today, $107 million to create a high tech and green energy manufacturing hub at Riverbend, which is now brownfields.

Governor Cuomo has said a large solar panel company could be on its way to the area, bringing more than a thousand jobs. Click the video for an update.