Economic Impact

Our economic impact stems from the groundbreaking research and development occurring every day at the CBLS. By integrating translational research with economic development and business support services, the CBLS provides the foundation for future new business opportunities, growth in existing businesses, attraction of firms and collateral business growth throughout Buffalo Niagara and New York State.

The CBLS works to help you fulfill your vision, whethere you're a Fortune 100 company or an innovative startup. 

To date, the CBLS and its commercialization partners have:

• Contributed to the start of dozens of businesses in Buffalo Niagara; in fact, the CBLS has helped launch 5 – 10 new companies each year since 2001
• Helped create and retain more than 5,000 life sciences jobs in Buffalo Niagara
• Yielded as much as a 143:1 return-on investment on state dollars, providing a significant economic impact in the state
• Provided dozens of local companies R&D assistance and funding on an annual basis through UB’s CAT

Empire Genomics is a molecular diagnostics company that is making personalized medicine a reality. Recognizing its vast potential, the CBLS has collaborated with Empire Genomics, providing business development support, marketing support, co-location services, equipment access, validation testing and project funding. The economic impact has been significant, including: 

• Initial company launch
• >$2M in cost savings
• $1.3M in private investment
• >$3.2M in product revenues
• 14 new jobs

This assistance has helped Empire Genomics — just one of the dozens of companies that receives assistance from the CBLS — remain competitive in the life sciences industry.

UB CAT connects outside researchers and companies with a wide range of resources available through UB, and is a driving force in our region’s economic development.

Many life sciences companies have gotten the support they needed through the services offered at the CBLS.