DUNKIRK, N.Y. (WIVB) — Gov. Andrew Cuomo appeared in Dunkirk Thursday morning to announce the upcoming arrival of drug company Athenex in western New York.
Cuomo says the company will establish a headquarters in the Buffalo medical corridor and a drug manufacturing plant in Dunkirk.
Athenex, formerly known as Kinex, is involved with drug discovery and advanced manufacturing. The company was founded at the University of Buffalo and expanded in 2003.
“Western New York’s economic transformation has captured the attention of companies and investors around the globe,” said Governor Cuomo. “The business development environment in and around Buffalo has made it clear to cutting-edge companies that this is the right place to put down roots and thrive. Whether it’s pharma-based development, medical research, clean technology or advanced manufacturing, this region is defined by incredible opportunities and potential for growth. I am proud to congratulate Athenex – which could have gone anywhere – on beginning this exciting new chapter, creating good-paying jobs and further strengthening the region’s and state’s economy.”
The company would invest $1.62 billion in the projects and New York is expected to invest $225 million.
The facilities could bring 1,400 jobs to the area. 900 jobs are expected to be coming to Dunkirk and another 500 are expected in Buffalo over the next 10 years.
Cuomo calls that Athenex plan a “game changer” for Dunkirk.
Dunkirk Mayor Willie Rosas said, “This is a tremendous day for Dunkirk and our part of Chautauqua County. I’m excited to see Athenex move in, bringing with them more than a billion dollars in investment and nearly a thousand new jobs. This shows that the state and Governor Cuomo truly are committed to helping our region succeed, and I can’t wait to see the economy continue to grow for future generations.”