Development project by state government of New York
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Buffalo is a city known for snow. It is not the first place one would think to build a solar panel factory. But the city will soon be the home of the largest such manufacturing facility in the Western Hemisphere, according to SolarCity, the San Mateo, Calif.–based company that is set to begin moving into the complex later this year.
Engineering News-Record, July 16, 2015[1]
Buffalo Billion is a New York state government project led by former Governor Andrew Cuomo that aims to invest $1 billion in the Buffalo, New York area economy.[2] The project uses a combination of state grants and tax breaks to spur economic development.[3] Governor Cuomo first announced the program in his 2012 "State of the State" address. The program is modeled on a similar program implemented in the Albany, New York area. A key project in the program is a $750 million SolarCity solar panel factory.[4]
An example of projects developing under Buffalo Billion include:[3]
Solar panel factories
A solar panel array at a former Bethlehem Steel plant in Lackawanna built by BQ Energy, a renewable energy development company
Some components of the project came to fruition before Cuomo's term ended in 2021. Some parts are still pending, and with some aspects of the project, corruption allegations have emerged.
On May 15, 2023, the project filed for Chapter 11 bankruptcy, hours after Athenex, which was also part of the project, filed for bankruptcy as well.[5]
^Cite error: The named reference :1 was invoked but never defined (see the help page).
^"About Buffalo Billion". buffalobillion.ny.gov. Archived from the original on 2016-04-09. Retrieved 2016-04-05.
^ abCardwell, Diane (2015-07-20). "The Wind and Sun Are Bringing the Shine Back to Buffalo". The New York Times. ISSN 0362-4331. Retrieved 2016-04-05.
^Carl Campanile; Bruce Golding (2015-09-18). "The Cuomo administration has a big headache right now". New York Post. Retrieved 6 April 2016.
^"Buffalo Billion project files for bankruptcy". WGRZ. May 15, 2023. Retrieved May 16, 2023.
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