Once the 8th largest city in the US, Buffalo, NY, fell prey to the hollowing out of manufacturing in America that resulted in vast unemployment and population decreases. Since the start of its decline in 1960s, the city has searched for a silver bullet to solve its economic malaise: one big development to save the city and the economy. After 40 years of waiting for this deliverance, local business people and civic leaders have adopted a different approach to urban revitalization through a process of community engagement.
This new approach has been supported not only by local business people, but also outside investors, most notably Governor Andrew Cuomo and the State of New York. Governor Cuomo’s unprecedented Buffalo Billion plan has jumpstarted Buffalo’s comeback. In 2012, Cuomo promised Buffalo $1 billion dollars to help spur economic development and growth in the region over 10 years. This long term approach hopes to create an enticing environment for companies in biotech, high tech manufacturing, and innovation to invest in the region.
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Photo Credit: “The Construction Crane” by 9comeback Source: freedigitalphotos.net