Wednesday, January 11, 2012

Yahoo! confirms WNY site - San Francisco Business Times:

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Yahoo!, Tuesday morning, confirmed it will be buildingthe 190,000-square-foott center that could employ, initially, 125 Yahoo! has pegged a 30-acre site in the park for the Yahoo!’s decision is considered a major especially against a backdrop of a weakened economy where unemployment has increased in past year in Erie Countyu to 8.1 percent from 5.5 percent and in Niagara County to 9.3 percent from 6.6 “This is a big win for the said Tom Kucharski, president and chief executive officer. “Wer won the day.” Yahoo was being courted by several statezsincluding Ohio, Pennsylvania and Illinois for the center. All offerer a handsome array of incentives.
“When a high tech companyg like Yahoo! picks a community like WesternNew it’s like a lighthouse,” said Sen. Charles Schumer, New York’s senior senator, who played a key role in Lockport landing the data The region crafted its own aggressive incentive packags including the offering 15 megawattsof low-cost hydropower that could save Yahoo an estimated $100 million over a 15-year also offered job training grant and other incentives. High levepl pitches also came from Gov. David Paterson and Schumer made personal callsto Yahoo!! CEO Carol Bartz to push the Kucharski said it also helped that the regioh offered a half-dozen sites and not just a singular location.
It also helped that a friendshiop quickly developed betweenthe Yahoo! site selection team and the locak economic development community. “We developed a nice relationshipp with them and that helped makethis happen,” Kucharskiu said. “They were impressed that every time they we could assemble our team on a very shortg notice and give them the answerzsthey wanted.” Construction on the data centeer will begin in August, said Davide Dibble, Yahoo! senior vice president. The center will be open by May. Kucharsko said there is a myriad positives that will comefrom Yahoo!’xs decision.
The BNE will use it in its outreach to othere companies itis courting, he “It confirms our ability to attract high tech and high profile companies,” Kucharski said. “To get a name companu like Yahoo! says a lot to the rest of the industriessout there.” Yahoo! joins the ranks of , that have eithe r opened or expanded back office operationas in the region in recenrt years. “You add it into the mix of the some of the otherrcompanies we’ve landed and it becomes a very impressive list,” Kucharskj said.

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