July 24, 2019
Albany, NY

Governor Cuomo Announces 43North Companies Have Created More Than 500 Jobs in Western New York

Governor Cuomo Announces 43North Companies Have Created More Than 500 Jobs in Western New York

43North Companies Continue Hiring Spree in Western New York with Over 50 Job Openings

Governor Andrew M. Cuomo today announced startup competition 43North's portfolio of companies has surpassed a major hiring milestone, creating over 520 new jobs in Western New York as of July 2019. As recently as March of this year, 43North had created 400 jobs; in just a few short months, rapid growth of some of the 43North companies has driven that number beyond the 500 job mark. 43North is the startup competition that invests $5 million annually to attract startups to Buffalo and cultivate their growth in the region. Since the competition launched in 2014, 44 promising startups have raised over $250 million in venture capital after receiving investment from 43North.

"43North has sent Buffalo's high-tech startup scene soaring by attracting, mentoring and growing the companies of the future," Governor Cuomo said. "Our investment in these dynamic businesses is paying off by creating hundreds of new jobs and attracting talented young employees who are excited to take part in the economic renaissance of the region."

"Our innovative 43North competition continues to deliver real job growth, boosting Buffalo's reputation as the place to be for high-tech startup companies," said Lieutenant Governor Kathy Hochul. "Young people are staying here and moving back because there is hope for the future, and 43North companies are an essential part of that transformation. This incredible milestone highlights the importance of this competition and our economic development initiatives. I look forward to seeing many more companies begin their journey and future success in Western New York."

43North officials will celebrate the new job milestone during their Selling 4 Startups: A Speed-Networking Event today. The speed-networking event features nine 43North startups and CEOs recruiting for a number of junior and senior sales roles in Buffalo. The event, which is free and open to the public, is presented by Ignite Buffalo, with support from 43North. Sales professionals in attendance have the opportunity to meet face-to-face with 43North CEOs and learn about sales jobs with these fast-growing tech startups. 43North companies are currently hiring for over 50 open positions.

43North Immediate Past Board Chair Bill Maggio said, "Only four short months after our '400 jobs' announcement, we're thrilled to tell the stories of our startup founders who continue to bring opportunities to the local workforce. Buffalo's talent no longer needs to go to cities like San Francisco or Boston for jobs in fast-growing tech companies. Startup companies, like those in 43North's portfolio, offer our workforce the chance to work with new technology and help scale a company from the ground up."

43North President Alex Gress said, "43North has put a stronger emphasis on recruiting and human resources through mentorship programming for founders and with the addition of our full-time talent director who directly recruits for our companies. Events like 'Selling 4 Startups: Speed-Networking' give our founders direct access to local talent in hard-to-hire fields like sales, technology and engineering. We're seeing the results of our efforts as our portfolio companies continue to expand their teams in Western New York."

George Chamoun, ACV Auctions CEO said, "Our incredible growth and success is due in large part to the top-notch talent working here. As we continue our expansion, we are looking for candidates at all experience levels to fill the open sales, operations, product and technology roles at ACV Auctions."

Scott Wayman, CEO, Kangarootime said, "We came to Buffalo in 2018 with so much gratitude for 43North and the community we found here, and 18 months later, our appreciation continues to grow. Watching our employees buy homes and grow their families here has been the accomplishment of my career. We now have a total of 20 employees in Buffalo (and growing!), and a culture of gratitude and kindness which mirrors the City of Good Neighbors."

Dave Salvent, Founder & President, Squire said, "Thanks to 43North, we have found a talented and committed local workforce during the past 18 months in Buffalo. Given our recent $8 million Series A raise, we now have even more opportunity to invest in the region and build out a diverse team here. Squire's Buffalo-based team works hand-in-hand with hundreds of barbershops in the US, Canada and abroad as they utilize our all-in-one platform to grow and scale their businesses."

Elizabeth Tsai, CEO of HiOperator said, "Growing our startup in Buffalo has been incredible these last seven months. We've been able to find incredible talent, keep operating costs at a level that allocates for exponential growth, and build towards a better future for our company and our community."

The 43North competition is supported by New York State, including funding from Empire State Development and the New York Power Authority. In addition to the $5 million in cash investments, the competition winners relocate to Buffalo where they receive free incubator space for a year, guidance from mentors related to their field and access to other exciting incentive programs such as START-UP NY, a program that enables companies to operate tax-free in New York State for 10 years.

Empire State Development President, CEO & Commissioner Howard Zemsky said, "Congratulations to 43North for drawing entrepreneurs from around the world to Buffalo, where it is growing a nationally recognized innovation hub and generating the jobs of the future right here in Western New York."

John R. Koelmel, NYPA Chairman and Buffalo resident, said, "The success of 43North is great news for Western New York and we at NYPA are proud of our longtime sponsorship. The competition has inspired new thinking in the Buffalo region over the last several years and uniquely energized the Western New York community.

Senator Tim Kennedy said, "This milestone only underscores the fact that the 43North Startup Competition is an opportunity of a lifetime for entrepreneurs looking to take their platforms to the next level, and that real investment is being made not only in innovative ideas, but in a city that allows small businesses to thrive. I have every confidence that 43North will continue to attract world-class entrepreneurs, and I applaud New York's commitment to this catalyst for long-term economic growth."

Assembly Majority Leader Crystal D. Peoples-Stokes said, "Congratulations to 43 North for reaching a major hiring milestone. The competition has proven to be major piece of the puzzle in attracting innovative entrepreneurs to the area and creating the jobs of the future for Buffalo and all of Western New York."

Buffalo Mayor Byron W. Brown said, "The more than 500 new jobs created by 43North winners who have made their home here in Buffalo demonstrates that our City's entrepreneurial ecosystem is growing and thriving. I congratulate the start-ups that have found bright futures here in Buffalo. 43North, made possible by Governor Cuomo's Buffalo Billion, is the gift that keeps on giving in terms of promoting our City on a national and international level and bringing us innovative winners who enrich our business landscape and brand Buffalo as a great place for entrepreneurs with big dreams."

About 43North

43North is the startup competition that invests $5 million annually to attract and cultivate high-growth startups in Buffalo. 43North portfolio companies also receive free incubator space in Buffalo for one year, guidance from mentors in related fields, and access to other business incentive programs such as START-UP NY. 43North operates through the support of Governor Andrew Cuomo's Buffalo Billion initiative, Empire State Development and several other sponsors. For more information about 43North, visit www.43north.org.

About Ignite Buffalo

Ignite Buffalo is a small business grant and mentorship program that was established by 43North, Facebook, M&T Bank, and other partners to promote sustainable growth, job creation, and ongoing education in Buffalo, NY. The program provides access to industry experts through free programming and resources, and $1 million in grants that were awarded to 27 small businesses to spur economic growth in the region. To learn more about Ignite Buffalo, visit ignitebuffalo.org.

Contact the Governor's Press Office

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Albany: (518) 474 - 8418
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