The New Buffalo is Unveiled, Creating 850 New Jobs

November 21, 2013 Updated Nov 21, 2013 at 7:10 PM EDT

By WKBW News

November 21, 2013 Updated Nov 21, 2013 at 7:10 PM EDT

BUFFALO, N.Y. (WKBW) - Nearly 2,000 jobs are coming to Buffalo as Governor Andrew Cuomo today announced New York State's largest investment in Buffalo ever.

As part of the Buffalo Billion, New York State will build a state-of-the-art anchor hub facility for high tech and green energy businesses at RiverBend in South Buffalo. Two California-based companies, Soraa and Silevo, will collectively invest $1.5 billion into the project and relocate major parts of their operations to Buffalo. 850 permanent jobs will be created in the first phase and at least 500 construction jobs. An additional 1,200 jobs could come after the first phase is complete. RiverBend, formerly Republic Steel, is a 90-acre site that is ready for development.

Governor Andrew Cuomo: “Under the largest investment in our Buffalo Billion initiative, we are building a state-of-the-art campus to house high-tech and advanced manufacturing companies that will create hundreds of jobs and leverage over a billion dollars in private investment for Western New York. Today, two of the world’s most renowned high-tech companies are choosing Buffalo to call home – an affirmation that Buffalo is on the move. This project marks a giant step forward in our Buffalo Billion strategy, transforming a once vacant property into a development ready site that will create good-paying permanent jobs, make Buffalo an international hub for innovation, and attract more businesses from around the world.”