Economic Growth in our Community
Impact on the Regional Economy
Niagara University is proud of its impact on the regional economy. With more than 800 employees, it is one of the largest employers in Niagara County, and its estimated economic impact is $227 million annually, according to the Center for Governmental Research.
Strengthening Local Tourism & Becoming More Environmentally Conscious
Niagara’s nationally recognized College of Hospitality and Tourism Management works regularly with Visit Buffalo Niagara on projects related to strengthening the local tourism industry. Students in the college recently evaluated the effectiveness of the visitors bureau’s website and presented their recommendations to enhance branding for the Buffalo-Niagara region. Another project stemmed from the need for the local hospitality industry to become more environmentally conscious in order to attract organizations that require hotels and convention centers demonstrate their use of “green" practices.
Family Business Center
The Family Business Center at Niagara University recognizes the importance of family-owned businesses that are particularly abundant in the Buffalo Niagara region. Sponsored by the College of Business Administration in collaboration with five area businesses, the Family Business Center comprises more than 60 family businesses as members that participate in informative seminars and workshops that focus on the often unique issues facing family-operated companies.
Technology Transfer and Commercialization Clinic
A technology transfer and commercialization clinic in the College of Business Administration has provided a new opportunity for Niagara University to assist with the economic development of the region. The clinic was created to assist local companies with moving new scientific discoveries from the laboratories into the commercial marketplace. Niagara’s tech transfer clinic is part of a statewide network of similar entities that provide specialized assistance with the commercialization of new technologies. This year, the clinic worked with MMC Lipid BioServices, Inc., a local biotech company, to research how to commercialize a patent-pending technology that shows promise in improving the delivery of therapeutic drugs in the systems of cancer patients.