Economy Of Buffalo, New York
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Buffalo Buffalo most commonly refers to: * True buffalo or Bubalina, a subtribe of wild cattle, including most "Old World" buffalo, such as water buffalo * Bison, a genus of wild cattle, including the American buffalo * Buffalo, New York, a city in the n ...
consists of a mix of industrial, light manufacturing, high technology, and service-oriented
private sector The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workfo ...
companies. The region’s economy is now more diversified across multiple industries, a shift intended to promote long-term stability and development..


History

For a long time, Buffalo and the surrounding area was involved in railroad commerce, steel manufacturing,
automobile A car, or an automobile, is a motor vehicle with wheels. Most definitions of cars state that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, peopl ...
production, aircraft/aerospace design and production, Great Lakes shipping, and grain storage. Over the years, most of these industries have left the city. Major steel production no longer exists in the area, although several smaller steel mills still remain in operation. As of the
1950 United States census The 1950 United States census, conducted by the Census Bureau, determined the resident population of the United States to be 151,325,798, an increase of 14.5 percent over the 131,669,275 persons enumerated during the 1940 census. This was t ...
, Buffalo was the 15th largest city in the country, the nation's largest inland port (12th overall), second biggest rail center, sixth largest steel producer, and eighth largest manufacturer.


Employment

Overall, employment in Buffalo has shifted as its population has declined and manufacturing has diminished. Buffalo's 2005 unemployment rate was 6.6%, contrasting with New York State's 5.0% rate. From the fourth quarter of 2005 to the fourth quarter of 2006, Erie County had no net job growth, ranking it 271st among the 326 largest counties in the country. The area has recently seen an upswing in job growth as unemployment has dropped to only 4.9% in July 2007 from 5.2% in 2006 and 6.6% in 2005. The area's manufacturing jobs have continued to show the largest losses in jobs, with over 17,000 fewer than at the start of 2006. In contrast, educational and health services added over 30,400 jobs in 2006 and over 20,500 jobs have been added in the professional and business (mostly finance) arena.


Life sciences

Buffalo has increasingly become a center for
bioinformatics Bioinformatics () is an interdisciplinary field of science that develops methods and Bioinformatics software, software tools for understanding biological data, especially when the data sets are large and complex. Bioinformatics uses biology, ...
and
human genome The human genome is a complete set of nucleic acid sequences for humans, encoded as the DNA within each of the 23 distinct chromosomes in the cell nucleus. A small DNA molecule is found within individual Mitochondrial DNA, mitochondria. These ar ...
research, including work by researchers at the
University at Buffalo The State University of New York at Buffalo (commonly referred to as UB, University at Buffalo, and sometimes SUNY Buffalo) is a public university, public research university in Buffalo, New York, Buffalo and Amherst, New York, United States. ...
and
Roswell Park Comprehensive Cancer Center Roswell Park Comprehensive Cancer Center is a cancer research and treatment center located in Buffalo, New York. Founded by surgeon Roswell Park in 1898, the center was the first in the United States to specifically focus on cancer research. Th ...
. This consortium is known as the
Buffalo Niagara Medical Campus The Buffalo Niagara Medical Campus (BNMC) is a medical center of health care, life sciences research and medical education institutions, co-located on in Buffalo, New York. The BNMC was founded in 2001 by a consortium (including the University ...
. It also includes: Buffalo Hearing & Speech Center, Buffalo Medical Group Foundation,
Hauptman-Woodward Medical Research Institute The Hauptman-Woodward Medical Research Institute (HWI) is an independent, not-for-profit, biomedical research facility located in the Buffalo Niagara Medical Campus affiliated with the University at Buffalo. Its focus is on structural biology w ...
, Kaleida Health, Olmsted Center for the Visually Impaired, Cleveland BioLabs and Upstate New York Transplant Services. The DNA samples used in The Human Genome Project were also collected from anonymous donors from Buffalo. Entrepreneurial resources and life science business consultants accelerate the growth and development of emerging companies found within the
Buffalo Niagara Medical Campus The Buffalo Niagara Medical Campus (BNMC) is a medical center of health care, life sciences research and medical education institutions, co-located on in Buffalo, New York. The BNMC was founded in 2001 by a consortium (including the University ...
and Upstate New York Region. For example, Buffalo BioSciences is a technology commercialization partner to the New York State Center of Excellence in Bioinformatics & Life Sciences and contributed to the launch and early success of Empire Genomics –- a firm based on research conducted at Roswell Park Comprehensive Cancer Center by Dr. Norma Nowak enabling the delivery of personalized medicine.


Banking

Buffalo is the headquarters of
M&T Bank M&T Bank Corporation (Manufacturers and Traders Trust Company) is an American bank holding company headquartered in Buffalo, New York. It operates 950+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Vi ...
, a large regional bank with assets over $79B (as of June 2011). Its rival
Marine Midland Bank Marine Midland Bank was an American bank formerly headquartered in Buffalo, New York, with several hundred branches throughout the state of New York (state), New York, Pennsylvania and two branches located in Seattle, Washington (state), Washing ...
operated for decades from downtown Buffalo before being acquired by
HSBC HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...
and being rebranded as
HSBC Bank USA HSBC Bank USA, National Association, an American subsidiary of the British banking group HSBC, is a bank with its operational head office in New York City and its nominal head office in Tysons, Virginia (as designated on its charter). HSBC Bank ...
. HSBC has reduced its local operations in Buffalo, and Upstate NY as a whole, as it closed its retail banking centers. Many of the shuttered HSBC retail banking centers in upstate were acquired by
First Niagara Bank First Niagara Bank was a Federal Deposit Insurance Corporation-insured regional bank, regional banking corporation headquartered in Buffalo (city), New York, Buffalo, New York. Its parent company, First Niagara Financial Group, Inc. was the 44th- ...
(see below). Other banks, such as
Bank of America The Bank of America Corporation (Bank of America) (often abbreviated BofA or BoA) is an American multinational investment banking, investment bank and financial services holding company headquartered at the Bank of America Corporate Center in ...
and
KeyBank KeyBank is an American regional bank headquartered in Cleveland, Ohio, and the 27th largest bank in the United States. Organized under the publicly traded KeyCorp, KeyBank was formed from the 1994 merger of the Cleveland-based Society Corpora ...
have corporate operations in Buffalo, the latter expanding its own operations after acquiring First Niagara.
Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...
also has regional offices in Amherst, Buffalo's largest suburb. Buffalo has also become a hub of the debt collection industry.
First Niagara Bank First Niagara Bank was a Federal Deposit Insurance Corporation-insured regional bank, regional banking corporation headquartered in Buffalo (city), New York, Buffalo, New York. Its parent company, First Niagara Financial Group, Inc. was the 44th- ...
had recently moved its headquarters to downtown Buffalo from nearby Lockport. It had branches from Buffalo to
Albany, New York Albany ( ) is the List of capitals in the United States, capital city of the U.S. state of New York (state), New York. It is located on the west bank of the Hudson River, about south of its confluence with the Mohawk River. Albany is the oldes ...
, and since September 2009 has had branches as far south as
Pittsburgh Pittsburgh ( ) is a city in Allegheny County, Pennsylvania, United States, and its county seat. It is the List of municipalities in Pennsylvania#Municipalities, second-most populous city in Pennsylvania (after Philadelphia) and the List of Un ...
. On September 10, 2009, First Niagara announced the relocation of its corporate headquarters from Lockport to downtown Buffalo. First Niagara, which had been considering expanding into
Western Pennsylvania Western Pennsylvania is a region in the Commonwealth of Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the Unite ...
for some time, benefited from
PNC Financial Services The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 ...
being required by the
United States Department of Justice The United States Department of Justice (DOJ), also known as the Justice Department, is a United States federal executive departments, federal executive department of the U.S. government that oversees the domestic enforcement of Law of the Unite ...
to sell off 50 National City branches in the
Pittsburgh Pittsburgh ( ) is a city in Allegheny County, Pennsylvania, United States, and its county seat. It is the List of municipalities in Pennsylvania#Municipalities, second-most populous city in Pennsylvania (after Philadelphia) and the List of Un ...
area and 11 more branches in and around
Erie Erie is a city on the south shore of Lake Erie and the county seat of Erie County, Pennsylvania, United States. It is the fifth-most populous city in Pennsylvania and the most populous in Northwestern Pennsylvania with a population of 94,831 ...
to competitors. PNC Financial Services had acquired National City with funds from the $700 billion bailout plan after National City became a victim of the
subprime mortgage crisis The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010, contributing to the 2008 financial crisis. It led to a severe economic recession, with millions becoming unemployed and many busines ...
. PNC Financial Services and First Niagara Bank had significant overlap in
Western Pennsylvania Western Pennsylvania is a region in the Commonwealth of Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the Unite ...
and had potential
antitrust Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust l ...
issues in that area. First Niagara took advantage by buying 57 of the 61 National City branches from PNC that had to be divested. The move affected the area by creating 200 more jobs, some in the Buffalo area. On July 31, 2011, it was announced First Niagara had acquired all of HSBC Banks Western New York branches; after closing some and selling other branches to its competitors its total number in Upstate New York had almost doubled. In 2015, First Niagara was acquired by KeyBank.


Other

Buffalo is home to
Rich Products Rich Products Corporation (also known as Rich's) is a privately held multinational food products corporation headquartered in Buffalo, New York. The company was founded in 1945 by Robert E. Rich, Sr., after his development of a non-dairy whipped ...
, one of the world's largest family-owned food manufacturers. Canadian brewer
Labatt Labatt Brewing Company Limited () is a Anheuser-Busch InBev-owned brewery headquartered in Toronto, Ontario, Canada. Founded in 1847, Labatt is the largest brewer in Canada. In 1995, it was purchased by Belgian brewer Interbrew. In 2004, Interb ...
moved its US headquarters to Buffalo in May 2007. This is in large part due to Buffalo's location directly in the middle of the Northeastern Trade Corridor. The city is the heart of the Canadian-American corridor. Over 80% of all U.S.-Canada trade occurs via border crossings in the eastern United States and with five bridges to Canada, the Buffalo area is one of the key eastern border crossing locations. Cheese company
Sorrento Lactalis Groupe Lactalis S.A. (doing business as Lactalis) is a French multinational dairy products corporation, owned by the Besnier family and based in Laval, Mayenne, France. The company's former name was Besnier S.A. Lactalis is the largest dairy pr ...
is also based in Buffalo.
General Mills General Mills, Inc. is an American multinational corporation, multinational manufacturer and marketer of branded ultra-processed consumer foods sold through retail stores. Founded on the banks of the Mississippi River at Saint Anthony Falls in ...
has a cereal mill in the city, and
Tops Friendly Markets Tops Friendly Markets is an American supermarket chain based in Amherst, New York, that operates stores in Upstate New York, Vermont, and Northern Pennsylvania. The chain operates full-scale supermarkets. Tops is a subsidiary of Northeast ...
, a regional supermarket chain, remains headquartered in nearby Williamsville.
Delaware North Delaware North is an American multinational food service and hospitality company headquartered in Buffalo, New York. The company also operates in the lodging, sporting, airport, gambling, and entertainment industries. The company employs over 5 ...
is also headquartered in Buffalo, having built a new building in downtown recently. Del Monte Foods' Milk Bone dog biscuits are still manufactured in a small factory on the city's East Side.
New Era Cap Company The New Era Cap Company (commonly known simply as New Era) is an American headwear company headquartered in Buffalo, New York. It was founded in 1920 by Ehrhardt Koch. New Era has over 500 different licenses in its portfolio. Since 1993, it has ...
, the largest sports-licensed headwear company in the United States, is based in Buffalo. It opened new headquarters in 2007 in the former
Federal Reserve The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of ...
Building in downtown Buffalo. The windshield wiper maker
Trico Trico is an American company that specializes in windshield wipers. Trico, then known as Tri-Continental Corporation, invented the windshield wiper blade in 1917. Its original Trico Plant No. 1 is listed on the National Register of Historic Pl ...
, founded in Buffalo by
John R. Oishei John R. Oishei (January 18, 1886 – January 27, 1968) was a businessman who founded Trico products and became one of Buffalo’s wealthiest citizens and philanthropists. Early life John R. Oishei was born in Buffalo in 1886 to Charles Humbert ...
, operated three major manufacturing facilities but has since closed all of them and moved operations to Mexico. In 1998, the company head office moved to
Rochester Hills, Michigan Rochester Hills is a city in Oakland County, Michigan, United States. A northern suburb of Metro Detroit, Detroit, Rochester Hills is located about north of downtown Detroit. As of the 2020 United States census, 2020 census, the city had a popul ...
. Trico's Plant No. 1 was placed on the
National Register of Historic Places The National Register of Historic Places (NRHP) is the Federal government of the United States, United States federal government's official United States National Register of Historic Places listings, list of sites, buildings, structures, Hist ...
in 2001 and in 2014 was being re-developed by the
State University of New York at Buffalo The State University of New York at Buffalo (commonly referred to as UB, University at Buffalo, and sometimes SUNY Buffalo) is a public research university in Buffalo and Amherst, New York, United States. The university was founded in 1846 a ...
. The
John R. Oishei John R. Oishei (January 18, 1886 – January 27, 1968) was a businessman who founded Trico products and became one of Buffalo’s wealthiest citizens and philanthropists. Early life John R. Oishei was born in Buffalo in 1886 to Charles Humbert ...
Foundation is western New York's largest and the new Women's & Children's Hospital, scheduled to open in 2015, will be named the
John R. Oishei John R. Oishei (January 18, 1886 – January 27, 1968) was a businessman who founded Trico products and became one of Buffalo’s wealthiest citizens and philanthropists. Early life John R. Oishei was born in Buffalo in 1886 to Charles Humbert ...
Children's Hospital. For many years, Buffalo was the nation's second largest rail center, after Chicago. Peak traffic was reached during
World War II World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...
, but declined soon after the war. Through the 1960s and 1970s freight traffic via Buffalo declined, air travel and the
New York State Thruway The New York State Thruway (officially the Governor Thomas E. Dewey Thruway and colloquially "the Thruway") is a system of controlled-access toll roads spanning within the U.S. state of New York. It is operated by the New York State Thruway ...
took railway passengers away as well. By 1980, the rail hub in the city was gone. Regionally based insurance companies also have maintained their headquarters in Buffalo, New York. There's
Merchants Insurance Group Merchants Insurance Group is a regional property and casualty insurance company headquartered in Buffalo, New York. The company provides commercial, personal property and casualty insurance throughout the Northeast and North Central United Stat ...
and Lawley Insurance. Merchants Insurance Group is a property and casualty insurance company that provides commercial, personal property and
casualty insurance Casualty insurance is a defined term which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance. Casualty insurance is mainly liability coverage of an individual or organization for n ...
throughout the Northeast and North Central United States. Lawley Insurance provides commercial insurance, employee benefits, risk management and personal insurance. Some industry remains in Buffalo and its surrounding area in the 21st century.
Ford Ford commonly refers to: * Ford Motor Company, an automobile manufacturer founded by Henry Ford * Ford (crossing), a shallow crossing on a river Ford may also refer to: Ford Motor Company * Henry Ford, founder of the Ford Motor Company * Ford F ...
maintains a stamping plant in South Buffalo.
General Motors General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...
also runs the
Tonawanda Engine Tonawanda Engine is a General Motors engine factory in Buffalo, New York. The plant consists of three facilities totaling and sits upon . The factory receives cast engine blocks from Defiance Foundry in Defiance, Ohio and Saginaw Metal Casting ...
plant by the Niagara River, and there are additional chemical and technology companies that continue to operate factories throughout the city and region. In addition,
Tesla Tesla most commonly refers to: * Nikola Tesla (1856–1943), a Serbian-American electrical engineer and inventor * Tesla, Inc., an American electric vehicle and clean energy company, formerly Tesla Motors, Inc. * Tesla (unit) (symbol: T), the SI-d ...
has partnered with
Panasonic is a Japanese multinational electronics manufacturer, headquartered in Kadoma, Osaka, Kadoma, Japan. It was founded in 1918 as in Fukushima-ku, Osaka, Fukushima by Kōnosuke Matsushita. The company was incorporated in 1935 and renamed and c ...
and New York State to operate Gigafactory 2 on the former
Republic Steel Republic Steel is a Mexican steel manufacturer that was once America’s third largest steel producer. It was founded as the Republic Iron and Steel Company in Youngstown, Ohio in 1899. After rising to prominence during the early 20th Century, ...
site. The facility, which opened in 2017, manufactures photovoltaic modules for Tesla's
SolarCity SolarCity Corporation was a publicly traded company headquartered in Fremont, California, that sold and installed solar energy generation systems as well as other related products and services to residential, commercial, and industrial custom ...
subsidiary and will gradually phase into manufacturing individual solar cells. It is the largest facility of its type in the
Western Hemisphere The Western Hemisphere is the half of the planet Earth that lies west of the Prime Meridian (which crosses Greenwich, London, United Kingdom) and east of the 180th meridian.- The other half is called the Eastern Hemisphere. Geopolitically, ...
. The current incarnation of Republic Steel still maintains a facility in nearby
Blasdell Blasdell is a village in Erie County, New York, United States. The population was 2,553 according to the 2010 Census. The name is derived from Herman Blasdell, the first station master of the Erie and Pennsylvania railroad depot. It is part of th ...
. 43 North is a
venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
startup competition funded from the
Buffalo Billion Buffalo Billion is a New York state government project led by former Governor Andrew Cuomo that aims to invest $1 billion in the Buffalo, New York area economy. The project uses a combination of state grants and tax breaks to spur econo ...
program. It awards $5 million to its winners each year, and also offers them mentorship, workspace in the
Buffalo Niagara Medical Campus The Buffalo Niagara Medical Campus (BNMC) is a medical center of health care, life sciences research and medical education institutions, co-located on in Buffalo, New York. The BNMC was founded in 2001 by a consortium (including the University ...
, and tax incentives from the state of New York, among other benefits.


Standard of living

The loss of traditional jobs in manufacturing, rapid suburbanization, and high costs of labor have led to economic decline, making Buffalo one of the poorest among U.S. cities with populations of more than 250,000 people. An estimated 28.7–29.9% of Buffalo residents live below the poverty line, behind either only Detroit, or only Detroit and
Cleveland Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County. Located along the southern shore of Lake Erie, it is situated across the Canada–U.S. maritime border and approximately west of the Ohio-Pennsylvania st ...
. Buffalo's median household income of $27,850 is third-lowest among large cities, behind only Miami and Cleveland; however the median household income for the metropolitan area is $57,000. This, in part, has led to the
Buffalo-Niagara Falls metropolitan area Buffalo Niagara may refer to a variety of places and things in the vicinity of Buffalo, New York, and Niagara Falls Niagara Falls is a group of three waterfalls at the southern end of Niagara Gorge, spanning the Canada–United States border ...
having the most affordable housing market in the U.S. today. The quarterly NAHB/Wells Fargo Housing Opportunity Index (HOI) noted that nearly 90% of the new and existing homes sold in the metropolitan area during the second quarter were affordable to families making the area's median income of $57,000. The area median price of homes was $75,00

Buffalo faces issues with vacant and abandoned houses, as the city ranks second to
St. Louis St. Louis ( , sometimes referred to as St. Louis City, Saint Louis or STL) is an independent city in the U.S. state of Missouri. It lies near the confluence of the Mississippi and the Missouri rivers. In 2020, the city proper had a populatio ...
on the list of American cities with the most vacant properties per capita. Since 2000, the city has torn down 2,000 vacant homes but as many as 10,000 still remain. Mayor Byron W. Brown recently unveiled a $100 million, five-year plan to demolish 5,000 more houses. The city's move away from heavy industry and toward a service and bioinformatics economy has brought improved air and water quality, which benefit not only residents and tourists but the
bioregion A bioregion is a geographical area, on land or at sea, defined not by administrative boundaries, but by distinct characteristics such as plant and animal species, ecological systems, soils and landforms, Human settlement, human settlements, and ...
as a whole. In July 2005, ''
Reader's Digest ''Reader's Digest'' is an American general-interest family magazine, published ten times a year. Formerly based in Chappaqua, New York, it is now headquartered in midtown Manhattan. The magazine was founded in 1922 by DeWitt Wallace and his wi ...
'' ranked Buffalo as the third cleanest large city in the nation.Derek Burnet
America's Top Five Cleanest Cities
''Reader's Digest''. Retrieved January 4, 2007.
Buffalo's economy has begun to see significant improvements since the early 2010s. Money from state governor
Andrew Cuomo Andrew Mark Cuomo ( , ; born December 6, 1957) is an American politician and lawyer who served as the 56th governor of New York from 2011 until his resignation in 2021. A member of the Democratic Party and son of former governor Mario Cuomo, ...
, plans for different construction programs, and hundreds of new jobs have brought strong economic change to the area.


Principal employers

According to the city's 2019 Comprehensive Annual Financial Report, the principal employers in the Buffalo Metropolitan Area are:


Major companies located in the Buffalo Niagara metro area

This is an incomplete list of notable companies with major operations or headquarters in Buffalo or within the surrounding area. References: *
Alfred State College Alfred State College (ASC, SUNY Alfred, SUNY Alfred State) is a public college in Alfred, New York, United States. It is part of the State University of New York (SUNY) system. The college offers bachelor's and associate degree programs. It ...
*
Alfred University Alfred University is a private university in Alfred, New York, United States. It has a total undergraduate population of approximately 1,600 students. The university hosts the statutory New York State College of Ceramics, which includes The In ...
*
Astronics Corporation Astronics Corporation is an American aerospace electronics corporation founded in 1968, headquartered in East Aurora, New York. It is traded on NASDAQ as . It is known for lighting and electronics integrations on military, commercial, and busines ...
*
Aurubis Aurubis AG (formerly Norddeutsche Affinerie AG) is a global supplier of Non-ferrous metal, non-ferrous metals and one of the world's largest copper recyclers. The company processes complex metal concentrates, scrap, organic and inorganic metal-b ...
*
Bank of America The Bank of America Corporation (Bank of America) (often abbreviated BofA or BoA) is an American multinational investment banking, investment bank and financial services holding company headquartered at the Bank of America Corporate Center in ...
*
Blue Cross Blue Shield Blue Cross Blue Shield Association, also known as BCBS, BCBSA, or The Blues, is a United States–based federation with 33 independent and locally operated BCBSA companies that provide health insurance to more than 115 million people in the U ...
(Western NY headquarters) *
The Buffalo News ''The Buffalo News'' is the daily newspaper of the Buffalo–Niagara Falls metropolitan area, located in downtown Buffalo, New York. It was for decades the only paper fully owned by Warren Buffett's Berkshire Hathaway. On January 29, 2020, th ...
in Canalside *Computer Task Group *University at Buffalo *Canisius College *Catholic Health *Charter Communications *
Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...
*Cummins *Cutco in Olean, NY, Olean (headquarters) *
Delaware North Delaware North is an American multinational food service and hospitality company headquartered in Buffalo, New York. The company also operates in the lodging, sporting, airport, gambling, and entertainment industries. The company employs over 5 ...
in downtown (Delaware North Building, headquarters) *Dresser-Rand Group *DuPont *Ellicott Development Co. *Empire Genomics (headquarters) *Fisher-Price in East Aurora, NY, East Aurora *Ford Motor Company (Buffalo Stamping Plant) *GEICO in Amherst *
General Mills General Mills, Inc. is an American multinational corporation, multinational manufacturer and marketer of branded ultra-processed consumer foods sold through retail stores. Founded on the banks of the Mississippi River at Saint Anthony Falls in ...
in Canalside *
General Motors General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...
(
Tonawanda Engine Tonawanda Engine is a General Motors engine factory in Buffalo, New York. The plant consists of three facilities totaling and sits upon . The factory receives cast engine blocks from Defiance Foundry in Defiance, Ohio and Saginaw Metal Casting ...
) *
HSBC Bank USA HSBC Bank USA, National Association, an American subsidiary of the British banking group HSBC, is a bank with its operational head office in New York City and its nominal head office in Tysons, Virginia (as designated on its charter). HSBC Bank ...
in downtown *Ingram Micro *Kaleida Health *Keybank in Larkinville *Labatt Brewing Company in downtown (U.S. headquarters) *Life Storage in Williamsville, NY *Linde plc, Linde *Mighty Taco *Moog Inc. in East Aurora, NY, East Aurora (headquarters) *
M&T Bank M&T Bank Corporation (Manufacturers and Traders Trust Company) is an American bank holding company headquartered in Buffalo, New York. It operates 950+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Vi ...
in downtown (One M&T Plaza, headquarters) *
New Era Cap Company The New Era Cap Company (commonly known simply as New Era) is an American headwear company headquartered in Buffalo, New York. It was founded in 1920 by Ehrhardt Koch. New Era has over 500 different licenses in its portfolio. Since 1993, it has ...
in downtown (headquarters) *National Fuel Gas in Williamsville (headquarters) *Nestlé Purina PetCare *Niagara Falls Memorial Medical Center in Niagara Falls, New York, Niagara Falls *Niagara University in Lewiston, New York, Lewiston *NOCO Energy Corporation in Tonawanda (town), New York, Tonawanda (headquarters) *OnCore Golf (headquarters) *Pegula Sports and Entertainment in Canalside (headquarters) *People Inc. *Perry's Ice Cream *
Rich Products Rich Products Corporation (also known as Rich's) is a privately held multinational food products corporation headquartered in Buffalo, New York. The company was founded in 1945 by Robert E. Rich, Sr., after his development of a non-dairy whipped ...
(headquarters) *
Republic Steel Republic Steel is a Mexican steel manufacturer that was once America’s third largest steel producer. It was founded as the Republic Iron and Steel Company in Youngstown, Ohio in 1899. After rising to prominence during the early 20th Century, ...
in
Blasdell Blasdell is a village in Erie County, New York, United States. The population was 2,553 according to the 2010 Census. The name is derived from Herman Blasdell, the first station master of the Erie and Pennsylvania railroad depot. It is part of th ...
*
Roswell Park Comprehensive Cancer Center Roswell Park Comprehensive Cancer Center is a cancer research and treatment center located in Buffalo, New York. Founded by surgeon Roswell Park in 1898, the center was the first in the United States to specifically focus on cancer research. Th ...
*Seneca Nation of Indians#Economic development, Seneca Gaming Corp **Seneca Niagara Casino **Seneca Buffalo Creek Casino **Seneca Allegany Casino *Saint-Gobain, Saint-Gobain Corp. *Solar Liberty *SPoT Coffee *Sumitomo Rubber Industries, Sumitomo Rubber USA LLC *Synacor (headquarters) *Tesla, Inc./
SolarCity SolarCity Corporation was a publicly traded company headquartered in Fremont, California, that sold and installed solar energy generation systems as well as other related products and services to residential, commercial, and industrial custom ...
in South Buffalo ( Gigafactory 2) *Tops Markets in Williamsville (headquarters) *Univera Healthcare *Wegmans


References

{{Economy of the United States by jurisdiction Economy of Buffalo, New York,