Buffalo Niagara

150+ companies and 9 member institutions on BNMC’s multi-anchor campus employ ~16,000 people

4th in the U.S. for per-capita percentage of life sciences workers

Top 6

• Fastest-growing life science occupations
• General & operations managers
• Medical appliance technicians
• Production, planning & executing clerks
• Chemical equipment operators & tenders
• Industrial engineers
• Chemists

Life sciences represents 2% of all employment, higher than the national average of 1.6%

Talent graduating from the area’s 21 colleges & universities

Annual graduates by degree

5,447 – Health professions

4,209 – Business

1,593 – Engineering (and related)

1,038 – Biological & biomedical

383 – Engineering technologies

325 – Physical sciences

Top companies

Medical devices – Baxter, Garwood Medical Devices, Harmac Medical Products, Interger, Ivoclar Vivident, MedBio, Nissha Medical Technologies, Robb Surgical Devices, Tapecon, Inc.

Pharmaceuticals/biotechnology – AMRI, Athenex, Efferdent Labs, Fresenius Kabi, Great Lakes Orthopedics, KSL, Omniseq, ONY Biotech, Thermo Fisher Scientific, Trinity Biotech, Zeptometrix

Healthcare IT – AHRM, circuit Clinical, Compliance Team, IBM Buffalo, Innovation Center, Patient Pattern

Location incentives

0% – state corporate income tax for life science manufacturing companies

Brownfield clean-up program – refundable tax credits up to 20% of eligible expenditures

Excelsior tax credit program – Refundable tax credits to new and existing companies based on job creation, capital investment, investment in R&D

Refundable investment tax credits – New companies to the are eligible to receive a 5% cash refund on any capital spending up to $350 million for the first 5 years of operation; spending more than $350 million in the first 5 years is eligible for a 4% cash refund.

Start-Up NY – Companies operate 10 years tax free on or near eligible academic campuses

Training incentives – Credit of 50% of eligible training costs, up to $10,000 per employee

Source: https://buffaloniagara.org/lifesciences