Economic Growth in our Community
Impact on the Regional Economy
Niagara University is proud of its impact on the regional economy. With more than 1,000 employees, it is one of the largest employers in Niagara County, and its estimated economic impact is $199 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 CVB’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.
Tourism and Economic Development
In addition, faculty and students in the college are working with community leaders in the Village of Youngstown to explore ways in which tourism can more effectively maximize economic development opportunities. Working in collaboration with local stakeholders, students crafted a plan to enhance Youngstown’s brand awareness, encourage residents to support the village’s economic vitality and strengthen the village’s historic integrity, a key factor in attracting visitors to the area. The report offered specific strategies and a detailed timeline for implementation.
The 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.
1812 Bicentennial Legacy Council
As an active member of the binational 1812 Bicentennial Legacy Council, Niagara University is part of a tourism initiative that has great potential for economic impact in both the United States and Canada. The council, a broad collaboration of partners from educational institutions, cultural agencies, government agencies and businesses, is coordinating and promoting celebratory activities to commemorate the War of 1812. Council members include Brock University, Old Fort Niagara, the Shaw Festival Theatre Foundation Canada, the Canadian Consulate General, the Niagara Parks Commission, Blue Cross/Blue Shield of WNY and Whiting Equipment Canada.
Old Fort Niagara
Niagara University was involved with activities commemorating the Seven Years’ War and the 250th anniversary of the siege at Old Fort Niagara in Youngstown, N.Y., including an international conference and a National Endowment for the Humanities Landmarks of American History and Culture summer workshop.
Technology Transfer and Commercialization Clinic
A newly-established 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.