A concerted effort by the state of New York to develop its western region has spurred corporate growth and, ultimately, prompted the formation of the newest chapter of the Association for Corporate Growth, ACG Western New York.
Finance and tax incentives, along with efforts like New York Gov. Andrew Cuomo’s “Buffalo Billion” initiative—a $1 billion investment in the namesake city’s development announced in 2012—have helped drive an influx of public and private investment.
This economic expansion has created the need for an organization where the rapidly growing middle-market business community can come together, a role that ACG Western New York will serve with networking events and educational programming.
“This region has been growing rapidly, and now it needs a place where local business leaders and M&A professionals can come together,” said Leslie Whittet, ACG Global’s vice president of chapter operations. “That’s what ACG does best, so we’re excited to see a new chapter emerge that will ultimately help the region’s middle-market economy continue to grow.”
Buffalo and Rochester, the two largest cities in the region, are home to thousands of midsize companies across industries, including financial services, manufacturing and health care. Household names like Harris Corp., Constellation Brands and Xerox have headquarters there.
ACG Western New York will hold its inaugural event on Nov. 20.
Kathryn Mulligan is the associate editor of Middle Market Growth.