Buffalo Pushes for Nanotechnology

March 4, 2014 Updated Mar 4, 2014 at 9:22 AM EDT

By WKBW Admin

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March 4, 2014 Updated Mar 4, 2014 at 9:22 AM EDT

The way Business First puts it, Buffalo has nano-envy. That's the cover story in this week's Business First, which shows how Buffalo is trying to mirror what Albany is doing.

Just last week, IBM announced plans to open an information technology center in downtown Buffalo. In the past 15 months, three other companies also decided to open nanotechnology operations here. Area leaders say the game plan for Buffalo is to mirror Albany's success, not to compete with it. Albany's focus is on microchip technology, hardware and other systems. The focus for Buffalo is energy, green and medical technologies.

Meanwhile, Business First is taking a closer look at Buffalo's goal of adding 1,300 new, market-rate residential units in the central business district over the next four years. A mix of 325 apartments and condos will be developed annually. The Trico building is one site, while there also is speculation Seneca One Tower may be renovated for apartments or condos. And developer Carl Paladino
has a residential component at Waterfront Village. The goal is to create a 24/7 downtown Buffalo that is pedestrian friendly.

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