Economic development in the new economy is a community-wide effort focused on people, knowledge, networks, and linking community assets.
Economic development in the new economy is a community-wide effort focused on people, knowledge, networks, and linking community assets. Through a strategic business development plan, we embrace these principals via controlled growth in accordance with the Town Master Plan, and Countywide eligibility policies to determine who, what, how, and where businesses should go. Formed under Article 18-A of New York State's Municipal Law,our primary purpose has been to promote regional employment growth through the attraction, expansion and retention of companies within the Town of Amherst to achieve our mission
"To promote economic diversity,employment opportunities and to broaden the tax base of the Town of Amherst in order to reduce the tax burden on homeowners, while helping to maintain and enhance a high quality living environment."
Success in attracting and retaining firms includes leveraging our resource partners to make the deal happen. The AIDA is integrated with educational institutions such as SUNY at Buffalo, financial institutions, trade associations, and a business-savvy local government. It is through the efforts of a community-wide network that we achieve success.
The proof is right there in front of us, from the 2,500 job GEICO operations center,to HSBC's nearly $1 billion investment in Williamsville, to Citigroup's recent 150,000 square feet/650 new jobs announcement, to supporting over $200 million in redevelopment in older sections of the Town. Since our inception in 1973, we have assisted over 800 companies investing nearly $3 billion, stabilizing both municipal and school district tax bases.
As the bottom line indicates, our strategic actions promote growth and maintain the assets of the Town of Amherst. Such foresight and vision are a direct result of the agency's Board of Directors, who serve uncompensated in their positions and remain dedicated to the interests of Amherst and the greater Western New York region.
So whether you're looking for opportunities to expand current operations, establish a new venture or make some savvy investments, the best business decision you can make is to consider Amherst.
4287 Main Street
Amherst, NY 14226
James J. Allen