Don’t expect a Buffalo Billion, Part II.
Now that the state’s signature economic development initiative for the region is entering its fourth year, Cuomo said the program already has had a big impact in turning around the region’s psyche and making outsiders take notice of the Buffalo Niagara region’s investment boom.
“The mood has changed and now you can just do the normal, good work,” Cuomo said.
The Buffalo Billion projects – from the SolarCity solar panel factory to the Conventus development on the Buffalo Niagara Medical Campus and IBM Corp.’s efforts to create a data analytics center downtown – all are in their early stages and remain years away from creating the thousands of new jobs that those high-profile projects have promised.
But Cuomo said the Buffalo Billion already has given a huge jump start to the region’s long-sagging economy.
“The Buffalo Billion, to me, was more of a vehicle to communicate that Buffalo had a future, and that the cynicism and pessimism of the past was unjustified ... and that it was the dawning of a new day,” Cuomo said.
“Now that you’ve got the momentum going, you don’t need that booster rocket,” he said. “Now, it’s not about money. If you need the money, we will find the money.”