BUFFALO, N.Y. (WIVB) – After just four months, the 43North competition has already sparked huge interest in bringing businesses to Buffalo from all over the world.
So far 6,932 emerging entrepreneurs have applied for a chance at $1 million to start or grow their business. These businesses would have to relocate to Western New York, which could provide a big economic boost for this area.
The winners of the competition will receive free incubator space for a year, in addition to money and tax breaks. The businesses would have to stay in Western New York for a year.
In just four months, the applications submitted have far surpassed any expectation executives had. 43North Executive Director Andrew Pulkrabek said, “It really covers the gamut,. You’ve got software mobile apps, everything you can imagine a start up doing is in this mix. The 7,000, you’re going to have a tremendous amount of all different types.”
“We’re proud of the way it’s impacting the image of Buffalo. We’re proud of the way it’s impacting the way people feel about Buffalo and its future and we’re very proud of all of the companies looking to come to Buffalo who we know will have a great experience here,” said WNY Regional Economic Development Council Howard Zemsky.