A project to build a new medical school on the Buffalo Niagara Medical Campus has met a 22 percent goal for participation of minority and women-owned businesses, the University at Buffalo said Wednesday.
The 22 percent benchmark – through March 31 – resulted in about $52 million in minority and women-owned business contracts for the $375 million, eight-story building at Main and Allen streets that will house UB's Jacobs School of Medicine and Biomedical Sciences, according to the State University Construction Fund.
About $58.7 million has been spent on steel and foundation work as of March 31. Of that, $6.75 million has been paid to minority-owned businesses, and $6.22 million has gone to women-owned businesses. About $171.22 million has been invested in the building's shell and interior, with $20 million going to minority-owned businesses, and $19.36 million paid to women-owned businesses.
The medical school is projected to bring more than 2,000 faculty, staff and students downtown when it fully opens in January.