Relocation Guide for New Buffalo, NY, Commercial Businesses
Many people are choosing Buffalo, NY, as a place to put down roots, but it’s not just appealing to potential residents — businesses can also benefit from designating the Queen City as their headquarters. In fact, many commercial enterprises are already setting up shop, especially in the IT sector.
- Millennials are moving to Buffalo in droves due to the reasonable cost of living, making it a great place to build a workforce.
- Downtown Buffalo is seeing a huge renewal effort that’s boosting existing businesses and creating a variety of entrepreneurial opportunities.
- Buffalo real estate is very affordable, which benefits both companies looking for commercial space and employees seeking residences.
Interested in joining the many successful businesses along the Erie Canal? This handy Buffalo, NY, commercial relocation guide lays out everything you need to know before moving your company.
Find Talented Employees Straight Out of College
If you’re going to grow your company, you need a reliable workforce. As it turns out, this is something Buffalo, NY, can provide.
In recent years, millennials have moved to Buffalo for several reasons: affordable rent, good food, and a variety of activities, to name a few. This draw makes it a great place to find employees.
Generation Z is also starting to enter the workforce as they graduate from degree programs. Buffalo is home to several colleges and universities, making it an excellent city for recruitment.
This SUNY campus in Buffalo is well-known for its research; in fact, it receives more research grants than the combined total of all other SUNY campuses. Additionally, it ranks in the top 20 New York colleges, which means many of the state’s best and brightest attend.
Another member of the SUNY network, the University at Buffalo is a public college with an emphasis on research. It frequently makes lists of top universities and yields graduates from a variety of programs. Its reputation makes it an excellent place to look for capable recruits, especially if you work in the engineering or biomedical fields.
A private Jesuit institution, Canisius College has ranked well in U.S. college and university comparisons. Graduates have outperformed many of their state peers on the CPA exam cycle and have gone on to do excellent work in a variety of fields.
Take Advantage of the City’s Location
Buffalo was once a bustling city of industry, and its prime location was a huge part of that. Today, steel and grain are no longer the prominent job creators, but the proximity to Lake Ontario and Erie Canal still has a lot to offer.
The city has massive infrastructure from its time as a titan of industry. That means no scrambling to accommodate a larger population as the city grows or waiting on public construction projects. Instead, you can hit the ground running.
Easy Access to Waterfronts
Back when waterways were the only option for long-distance travel, Buffalo was a transport hub. Today, that waterfront access offers more than easy shipping: It also creates sustainable energy options. These natural wonders allow you to efficiently plan manufacturing and shipping while also keeping the lights on.
Wide Access to U.S. Population
Due to its strategic location, Buffalo has wide access to the U.S. population. In fact, 40% of Americans are within 500 miles of Buffalo. This means ample markets for your company to expand into.
Close to the Canadian Border
Buffalo is only a few hours from the Canadian border, which caters to both American and Canadian consumers. Many Canadians take day trips into the Queen City to purchase goods at the comparatively low American price. This additional market can be an excellent resource for companies looking to grow.
Take Part in Renewal
Buffalo, NY, is undergoing a wave of renewal. The city and local entrepreneurs are investing in the downtown area, and the results are impressive. New eateries, pubs, tours, concert venues, sports venues, and recreational activities are popping up everywhere. By relocating to Buffalo, you can take part in these renewal efforts.
As your NY commercial relocation guide, we have to mention the amazing things going on in Canalside, the Canal-adjacent neighborhood. This area has blossomed in past years as entrepreneurs have repurposed the silos and warehouses that remain from Buffalo’s industrial past. If you’re in the entertainment or foodservice industry, Canalside has a lot to offer.
Many older cities have historical avenues, and Ellicott Street is Buffalo’s. This road boasts a variety of architectural wonders and favorite local businesses. In recent years, the area has added new offerings, including restaurants, distilleries, and breweries. It’s the perfect place to set up shop if you’re in the beer or catering industry.
Apply for Grants
As part of the renewal effort, New York state offers grants to companies looking to relocate to Buffalo. The goal is to create local jobs and provide value to the community. If your business is looking to build a workforce in Buffalo, you may be eligible to apply for funding.
Governor Andrew Cuomo has allocated one billion dollars toward Buffalo renewal. The program is called Buffalo Billion and is dedicated to building new industries in the Queen City. Many companies have already been awarded grants that allowed them to expand. If you’re interested in growing your business, this amazing resource may be a reason to relocate.
Have a great business idea that will revolutionize the market? Then you should enter 43North, the biggest business idea competition in the world. Innovators have the chance to win thousands of dollars to jumpstart their businesses. If you reach the top spot, you can even win one million dollars.
Get Affordable Real Estate
One of the best things about Buffalo, NY, is how affordable it is to live and work here. Real estate is reasonably priced, meaning you don’t have to break the bank to rent office space. Your business isn’t the only one to benefit — your employees may also appreciate the affordable cost of living.
Attractive To Employees
Many people aren’t able to live where they work, which means long commutes and frustrating traffic. Fortunately for Buffalonians, that isn’t the case in the Queen City. If you’re looking to draw talent from other parts of the country, Buffalo’s affordable housing market can be very appealing.
Good for Business
Of course, the cheap rent isn’t limited to residences — you can also find reasonably priced commercial spaces. This means more room for the same price you’d pay in other cities, which is a boon for companies looking to grow in the near future. Lower rent also frees up capital for use in other areas of your business.