Governor Cuomo Announces 43North Companies Have Created More Than 400 Jobs in Western New York
Milestone Announced During Inaugural Ignite Buffalo JobCade Event, Which Featured Local Startups and Small Businesses Hiring for More than 200 Jobs
March 7, 2019
Governor Andrew Cuomo today announced companies in 43North's portfolio have created more than 400 jobs in Western New York. 43North is the startup competition that invests $5 million annually to attract start-up companies to Western New York and cultivate their growth in the region. Since launching the competition in 2014, 43North has invested in 44 companies.
"43North is helping Western New York become a burgeoning hub for startups and building a thriving workforce in the region," Governor Cuomo said. "We will continue to support this high-profile competition that brings innovative businesses to Buffalo, creating the jobs of the future and helping the local economy continue on its upward trajectory."
"The innovative 43North competition is delivering real job growth and boosting Buffalo's reputation as a leader in fostering the development of high-tech startup companies," said Lieutenant Governor Kathy Hochul. "I have witnessed firsthand the success that 43North companies have achieved, and this incredible milestone shows the continued importance of this initiative. I look forward to seeing many more companies begin their journey and succeed in Western New York."
The 43North competition is supported by a total of $55 million from New York State, including funding from Empire State Development and the New York Power Authority. In addition to the $5 million in cash investments, the competition winners relocate to Buffalo where they receive free incubator space for a year, guidance from mentors related to their field and access to other exciting incentive programs such as START-UP NY, a program that enables companies to operate tax-free in New York State for 10 years. 43North companies are currently hiring for several dozen open positions.