Western New York's Dairy Boom: $1.5 Billion in Private Investments
Western New York has emerged as a significant player in the dairy industry, attracting more than $1.5 billion in private investments and over $223 million in public funding through tax incentives and state funds for job creation. This growth has resulted in the creation of hundreds of jobs and a robust economic uplift, especially in rural counties like Cattaraugus.
The Great Lakes Cheese company recently invested $700 million in a new Franklinville plant, marking one of the largest private sector developments in the region's history. This investment, along with others, emphasizes the area's complete dairy supply chain and knowledgeable workforce.
Dairies such as Upstate Niagara Cooperative and Lactalis American Group are increasing their footprint, with Upstate planning a $150 million expansion of its West Seneca plant. The expansion will augment production by about 100 million pounds. Meanwhile, Lactalis, a formidable dairy player, employs over 800 people locally and uses 750 million pounds of raw milk annually, showcasing confidence in the region's milk quality.
The industry's growth is also supported by a favorable location quotient of 6.16 for dairy product manufacturing, indicating Western New York's significant concentration of dairy jobs compared to the national average. Companies pay competitive wages and offer stable career paths, attracting a skilled workforce committed to the area's prosperity.
Buffalo's strategic location and its infrastructure development, such as the upcoming Eden/Angola Agribusiness Park, further enhance its appeal to food and beverage manufacturers. As new projects unfold, including Perry's Ice Cream's $18 million expansion and Wells Enterprises' $425 million new plant, the industry's future looks promising.
In conclusion, the strategic investments, commitment to workforce development, and robust supply chain position Western New York as a dairy powerhouse capable of driving economic growth for years to come.
