Boosting Buffalo with tech and life sciences

August 12, 2014 Updated Aug 12, 2014 at 7:57 AM EDT

By Elizabeth Carey

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August 12, 2014 Updated Aug 12, 2014 at 7:57 AM EDT

There's a newcomer that is boosting Buffalo's economy. That's the cover story in this week's Business First, called Accelerators. It shows how the local economy is getting a jump start from the tech and life sciences community.

It's part of a new wave of investment in Western New York, with real companies, from startups to expansions, and relocations from other regions.

Area officials say they've been chasing tech and life sciences companies for the past decade and now those companies are targeting Buffalo as a place to start new facilities.

The report says the Buffalo Niagara Medical Campus is expected to reach more than 17,000 employees in the next few years.

Many emerging companies have entered the Start-Up NY Tax Break program or the 43North business competition. Along with the Buffalo Billion, 3,000 jobs are pledged in the next two years.

The report says there is capital available to these companies, where there wasn't any in the past.

Many tech incubators like Z80 Labs are at capacity and a second Innovation Center is planned for the medical campus.

You can read more about the issue in this week's Business First.

In other news, we're learning how local companies played a starring role in restories Shea's Performing Arts Center. A report in this week's Business First shows how Buffalo Plastering and Buffalo Architectural Casting used old photographs to replicate 88 year-old Shea's after finding water damage. It's part of a $2.5 million restoration project. The report says crews are also busy restoring several other historic buildings in the Buffalo area.

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