Local Economic Development Projects Funded In State Budget

April 4, 2008

Assemblyman Robin Schimminger, chairman of the Assembly Committee on Economic Development, Job Creation, Commerce and Industry, announced that state budget bills passed today contain funding for regional economic development initiatives that will boost Western New York’s economy.

Schimminger said, “We have succeeded in including special funding in the budget for several projects aimed at creating and preserving jobs in our community. These budget items will supplement continued funding for the state’s various economic development programs that offer low-cost financing and venture capital to businesses as well as grants and loans for new facilities or expansions, productivity enhancements and job training.”

Schimminger outlined the budget items as follows:

Buffalo Niagara Enterprise ($300,000). The Assembly has again allocated funds for the BNE’s regional business marketing initiative. The BNE’s advertising campaign and trade show and other promotional activities are designed to expose the Buffalo Niagara region to site selection professionals and corporate decision makers as a desirable location for new or expanding businesses.

World Trade Center Buffalo Niagara ($150,000). One of nearly 300 WTCs licensed by the World Trade Centers Association, the WTCBN assists area companies to enter, grow and compete in international markets. These funds earmarked by the Assembly will support the WTCBN’s efforts to establish an export assistance program focused on the Canadian market.

Canisius College Women’s Business Center ($50,000). As a U.S. Small Business Administration-designated Women’s Business Center, the WBC at Canisius College provides women small business owners with training, counseling, coaching and networking programs and activities designed to make their ventures more successful. This Assembly funding will support the biennial W.N.Y. Women’s Leadership Conference sponsored by the WBC and the college’s External Business Programs Division, and a vendor training initiative for women entrepreneurs.

Buffalo Niagara Partnership ($45,000). These funds will support the Partnership’s new Young Professionals Program that’s been developed to address the disconnect between well-paying jobs in the region and a lack of qualified candidates for these positions. This initiative will create a stronger “worker pipeline” to assist employers in retaining and attracting young professionals and create a larger pool of emerging civic and business leaders.

“I am, of course, pleased that I was able to help secure state funding for these important economic development initiatives in Western New York,” said Assemblyman Schimminger. “Improving our region’s economy and job creation climate is my top priority.”