The Invest Buffalo Niagara business development and marketing group is coming off its best year for job creation in a decade.
Fueled by big state-backed projects, including the 1366 Technologies silicon wafer factory in the Town of Alabama and the Athenex drug plant in Dunkirk, Invest Buffalo Niagara said that it played a role in projects that are expected to create more than 2,000 jobs in Western New York.
The jobs are associated with 15 project “wins” during the 12-month period that ended in June. Those projects are expected to lead to $2.6 billion in new investment in the region if all of the ventures move forward as planned, the group said in its annual report to its investors.
In all, the projects are expected to create 2,007 new jobs and retain 534 others. The average salary of those jobs is $62,663, the group said. Half of the new jobs – 1,000 in all – are expected to come from 1366 Technologies, which plans to make silicon wafers using a new process that speeds production and reduces costly waste at a plant the state is building in the Western New York Science Technology and Advanced Manufacturing Park in Genesee County. The Athenex drug factory in Dunkirk – part of the state’s Buffalo Billion economic-development initiative – could create 450 new jobs. Pride Pak, a Canadian-based processor of fresh vegetables, is expected to add 206 new jobs at a plant it is building in Medina.
“These results reaffirm that the momentum our community is experiencing is both real and continuing,” Thomas A. Kucharski, Invest Buffalo Niagara’s president and CEO, said in a statement.
Two-thirds of the projects involved companies involved in advanced manufacturing or the life sciences industries, the group said. The remaining projects were from the advanced business services and agribusiness sectors.