Archive for the ‘Business Trends & Ideas’ Category

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Circling the Wagons to Help Startups in Buffalo

In Buffalo,Business Trends & Ideas,Chicago,Entrepreneurship,Los Angeles,News and Information,nxtARROW Company Information,NY,San Francisco,Startups,Urban Pioneering,Wasington DC on October 31, 2012 by nxtarrow

Image  Our client Ladybug Teknologies/SipSmart has just launched a crowdfunding campaign on Indiegogo. They are benefiting from being a Buffalo startup. The Buffalo social media scene is buzzing with support for this campaign, not primarily because it is a great venture, which it is, but because it is a Buffalo company.

A paragraph from our newly revised website homepage expresses what’s happening.

“Entrepreneurs aren’t copycats. You aren’t sheep. You are trailblazers. Individualists. Do you want to launch your company where you’ll just be another one of thousands, or do you want to launch in a community where you and your new venture will stand out, where your neighbors will be your public relations department, where you can put down roots and help the community re-start with your new start?”

As Chris Berman of ESPN likes to say, “Nobody circles the wagons like the Buffalo Bills (NFL football team). That statement really reflects the Buffalo community even more than the team that represents it. Buffalo is a town that rallies around its own.

Unlike the usual suspects: San Jose, San Francisco, Los Angeles, Chicago, Toronto, Boston, New York and the Capital Region, startups in Buffalo standout. You aren’t one of thousands. You are one of the family. The whole city pulls for you. If you’re just another entrepreneur with another startup, no matter how good your idea may be, you’re better off if you are located someplace where you will stand out. Instead being one of thousands of startups, you’re one of the family. This may be why Forbes listed Buffalo as a “barnburner” for startups.

In Buffalo, startups are valued as being a part of the city’s renaissance. Every entrepreneur who makes a statement of faith in Buffalo by moving here and launching here will inherit an automatic public relations department, fundraising department, and cheerleading squad. Not only will you benefit from costs of living and doing business that are less than half those of those other cities mentioned above, while enjoying a quality of life that is as good or better as those cities, you will be a star, and not only will you be part of creating a new company, you’ll be an integral part of re-creating and revitalizing a great city that is getting up and dusting itself off after a serious setback.

Check it out.

John W. Howell, CEO

 

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Buffalo Makes Inc’s “Barnburners” List for Growing Startups

In Buffalo,Business Trends & Ideas,Entrepreneurship,News and Information,nxtARROW Company Information,Startups on October 22, 2012 by nxtarrow

It may be news to most people, including most Buffalonians, but Buffalo ranks 11th in the nation for growing startups. The ranking comes from the Inc 5000 list of the fastest growing companies.  Inc  ranks U.S. cities by the number of Inc 5000 companies based there, adjusted by population, as “barnburners.”  In an article entitled, “Where Entrepreneurs Come From,” Inc notes:

Cheer up, Buffalo… A new study of the Inc. 500 shows that fast-growing companies can come from just about anywhere.

You don’t have to move to Silicon Valley or even New York or Boston to have a shot at founding an Inc 500 company. In fact, you may be better off in some cities not normally praised for innovation. The not-for-profit Kauffman Foundation analyzed 30 years’ worth of Inc 500 lists and found some intriguing surprises…

You don’t have to be a “creative class” city to be an Inc hotspot. In 2004, Richard Florida, a professor at the University of Toronto, published his Creativity Index as an attempt to rank the most creative cities, which he also expected to be the most innovative. While there is some overlap between the two lists (San Francisco, Boston, San Diego and Austin rank highly on both), some allegedly uncreative cities-;among them … Buffalo–are barnburners on the Inc list.

Buffalo companies making the list in 2012 include: Advanced Educational Products, Russell Bond, AEP Group, EscapeWire Solutions, S&W Contracting (woman-owned), Creditors Interchange, Synacor, Young + Wright Architectural, VoIP Supply, Buffalo Filter.

I’ll have to admit it came as pleasant news to us, that in our efforts to establish Buffalo as the Queen City of Startups the city is already in a head start in that direction.

Perhaps one of the things that makes Buffalo a hothouse for new shoots of enterprise is the rich nutrients of innovation that remain in Buffalo soil from our last great moment of industry and innovation when Buffalo was Queen City of the Lakes, was at or near the top of any list of fast growing companies, and was first in the world on the list of millionaires per capita a hundred years ago. Many of the companies and industries that made Buffalo great in its first boom closed or moved by the early 1980′s but it is obvious there is still something in Buffalo that affects startups the way “Miracle Gro” affects the plants in your garden.

It may also have something to do with the fact that as we say on our home page that Buffalo is “a community where you and your new venture will stand out, where your neighbors will be your public relations department, where you can put down roots and help the community re-start with your new start.”

And it certainly has something to do with cost. William Fulton writes in Governing, that millennials are beginning to bail out of cities like Boston due to the cost of housing, and cities like Buffalo are well positioned to benefit.

This might seem like a daunting, if not insurmountable, challenge, but frankly I’m encouraged by what I see. Over the last six months I’ve been to many second-tier cities… (including) Buffalo , N.Y… that would be thought not to be good candidates for a hip urban core. Yet they’re …developing one.

We’re looking for angel investors who are looking to add value to startups they have decided to fund, as well as startups directly, to help them take advantage of Buffalo’s great climate for entrepreneurship, including a much more cost-friendly environment than major cities, and the free launch year we offer as an extra incentive.

John W. Howell, CEO

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How nxtARROW Can Create Ten Thousand Buffalo Jobs in Ten Years

In Buffalo,Business Trends & Ideas,Chicago,Entrepreneurship,Los Angeles,News and Information,nxtARROW Company Information,NY,San Francisco,Startups,Urban Pioneering on September 2, 2012 by nxtarrow Tagged: , , ,

Yes, it’s a bold claim. You could call it the epitome of audacity. But I believe nxtARROW can create ten thousand jobs in Buffalo in the next ten years, if we are able to meet our fundraising goal and implement our business plan.

We are developing a new private, profitable, sustainable model of economic development which we believe can attract a total of 500 startups (an average of 50 per year for ten years), paid for by the startups who will benefit, and not a single taxpayer dollar, at an initial cost to investors of $40 per job.

Our plan calls for recruiting new startups to Buffalo from outside the region, by promoting Buffalo as an ideal destination for startups due to our high quality of life and low cost of living, and by utilizing our excess capacity for mutual benefit.

If we are able to raise the funds to get to full operation, we will recruit startups aggressively from seven target markets—the ones that come to mind when you think the largest, most gridlocked, least accessible and most expensive cities in North America. These are Toronto, New York, Boston, DC, Chicago, Los Angeles (Southern California), and San Francisco (Bay Area).

By promoting Buffalo as one of the nation’s most affordable cities, with the most affordable housing, among the top mid-sized cities for cultural amenities, having one of the two shortest commute times among major cities, and being among the top ten best places to raise a family in the US, according to major magazine surveys announced recently, and with the proper expertise and personnel to market Buffalo aggressively and intelligently in these markets, we can make Buffalo a startup destination.

Our proposed method is to utilize the expertise of our founder in developing referral relationships, with angel investors and other key players in the startup communities in each of these target markets, attracting startups to Buffalo. We will attract them with the promise of a great lifestyle and a great laboratory in which to start a new company, and from which, thanks to technology, to serve the global marketplace, with a very low overhead. In addition to the ongoing benefit of low overhead, there is the added benefit of a free launch year offered, after paying the nxtARROW fee to enter the program.

That free launch year comes via the resources of our (39 and counting) corporate partners who have agreed to leverage their excess capacity in office space, branding, marketing, public relations, accounting, legal, and a full menu of business to business services on a one year deferred or waived fee (with a long term contract at market rates) which will benefit existing Buffalo businesses as well as startups coming from around the continent and the world. As the startups in the program will enjoy a launch year at no cost during that year, the providers in the program enjoy access to a whole new market of clients that would not exist, at least in Buffalo, without this program.

What makes us believe we can attract an average of 50 clients to Buffalo each year for ten years? We admit there is some speculation involved, but not as much as you might assume.

Sources from the Global Entrepreneurship Center indicate that 150 million startups are launched somewhere in the world each year—137,000 per day. While many of these are in developing countries, a large number of those are in India, which is at the same time a developing and developed country. nxtARROW is in the process of establishing a relationship with entrepreneurs in India that are anxious to consider launching in Buffalo, and if things go according to plan, we’ll be hosting a Buffalo delegation at a trade show in India next March.

But for now, forget about India or anywhere else in the world except North America. There are many Canadian companies eager to launch an American operation and Buffalo is uniquely positioned to host these companies. Many of these are startups. But forget about Canada as well.

According to the Small Business Administration, 600,000 startups are launched in America each year. It is extremely conservative to estimate that with a full court press, Buffalo can attract a mere 50 per year of this number. The limitations, in fact, have more to do with nxtARROW’s capacity to process startups, than Buffalo’s ability to attract them.

According to a variety of sources, including the SBA and The International Economic Development Council, we also know that in America virtually all net job growth in the past decade came from companies five years old or younger. We know that as much as 80% of job growth in this country comes from small businesses (500 employees or less) and that this number increases conversely to the number of employees in a business. Therefore, to estimate that the 500 startups that we attract to Buffalo in the next decade, will create 10,000 jobs, is also a conservative number.

Our ten thousand number comes from speculation that at these 500 companies will create an average of 20 jobs per company over the ten year period. That is not limited to jobs offered by the startup companies themselves, but also all the jobs created to serve these companies and their employees, especially the 500 entrepreneurs who will be moving to Buffalo from other places who will be buying homes, cars, and a full compliment of business and personal products and services.

We are in the process of establishing a partnership with a local research company that will give us harder numbers in all of these areas. We will release the results of that research as soon as they are available. For now, though, we are very confident in the ballpark validity of these goals and projections.

But of course, in order for this to occur, two related things must happen. We must succeed at raising our goal of  $400,000 in seed capital before December 1, and there must be a full alignment of business interests in Buffalo to help nxtARROW succeed.

When we talk about an alignment of business interests we simply mean that the local business community has to buy into this goal and this strategy to the extent that we are all serving this agenda. nxtARROW is responsible for fulfilling it. Other business interests must simply endorse it and help us clear a path in the community.

We don’t include government interests because we don’t expect the government to get involved in what is designed to be a private, for-profit venture. We also don’t want to be burdened by the additional bureaucracy and machinery of government programs. We believe we compliment any such programs rather than threatening them. Every effort is needed to bring Buffalo back from the private and public sectors. We pledge our cooperation and support to any such efforts as well as any other private efforts that compliment our program, and we have designed our program to compliment virtually all efforts currently underway.

We are in need of at least another $300,000 to reach our $400K goal. If we are able to raise $400K in seed capital nxtARROW will be, according to our projections, cash flow positive for three years and revenue positive by the fourth year. In the fourth year we are prepared to pay dividends to investors of up to 25%.

We are looking for individuals who are accredited investors as well as any local companies who see the benefit of being a part of our project to invest in a minimum stake of $10,000. That means that a maximum of 40 individual or corporate investors is needed to make this work. If you break it down by job, we can create those ten thousand jobs at a cost of $40 each.

For more information, contact me, John Howell, Founder, President and CEO of nxtARROW Business Development LLC, in the Electric Tower (535 Washington St.) in Downtown Buffalo, 716 254-6062. Email

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Lessons for Entrepreneurs from a Teenage Pageant

In Buffalo,Business Trends & Ideas,Entrepreneurship,News and Information,Parenting,Startups on August 30, 2012 by nxtarrow Tagged: , , , , , , , , ,

My fifteen year old daughter, Marivi (Maria Victoria) just won Miss New York Junior Teen. She’s also an entrepreneur. Despite my paternal bias, I think you’ll agree, when you read this story, that she is an exceptional young woman for her age, and that her story offers some inspiration to any aspiring entrepreneur creating their own story.

From the time she was three, my daughter knew she wanted to be a doctor like her grandfather. She has not wavered from that dream or that goal, but she has added to it. She also wants to be an entertainer. She is an excellent singer and actor. Because of this, at the age of ten she did her own college research and decided Yale is the best place to achieve both of those dreams together. Since then she has been focused on learning and doing whatever is necessary to get into Yale. When she starts her freshman year there, she’ll also be launching her strategy to get into Yale Medical School.

When she was eleven, she was recruited to audition for the National American Miss pageant. Her parents were very skeptical, and very cautious. But she seemed to know intuitively that this path would help her achieve her goals. She prevailed upon us to allow her to enter the pageant, but only if she could pay for it herself.

She set out to find sponsors from local businesses and within a few days had raised the money necessary to pay for registration, and her pageant career was born.

Keep in mind that while all this was transpiring, she continued to earn honor roll grades, sing, act, start a charity, and run a business.

Like most entrepreneurs she had several false starts before finding something that actually paid off. Her first successful business was actually pageant related. But I’m getting ahead of myself.

Her first pageant experience was an eye opener. She went in cold, with no coaching and no knowledge that coaching was the norm for successful competitors. She took charge of organizing herself for the pageant by reading all the materials carefully, and told her parents where to take her and when. She handled the rest. Her singing talent earned her Second Runner Up in the Talent competition the first year, but that was all she won.

Year two, she obtained a coach, worked hard to apply her lessons from the first experience and did her best to adapt to the pageant system. She fared much better. She was a finalist in the speech competition, but also finished in the Top 20.

The third year we had moved back to Buffalo from Illinois and so she had a new state pageant to attend. Rather than continuing with National American Miss, she chose to try the Miss American Co-ed Pageant for New York State. It was a new system, a much smaller field of contestants, and she was convinced going in that she would win it hands down. Instead, she took First Runner Up, and Second Runner Up in Talent.

Concurrently she was running two pageant related businesses. She created her own virtual pageant, with a friend in another state, and made a reasonable profit. She was also coaching younger girls as they prepared for their pageants, and again, for someone her age, made a reasonable profit. That money went toward paying for her expenses as well as continuing to solicit sponsorships.

She decided then that she would return to National American Miss the following year, because she knows the system, and she would focus on winning it all. This became her dream, her goal, and her expectation beginning the day after the previous pageant.

As usual, she took control of every aspect of her preparation. She had two coaches, talked to numerous peers in the system, wrote, re-wrote, threw out and re-wrote her introduction until she had it perfect. She wrote her speech for Spokesmodel. She practiced her walk, her smile, repeating every aspect of her performance over and over and over again with the same passion, commitment and intensity as any concert pianist, dancer, or top level athlete.

Her business career took a new turn. Realizing that she would need to earn more revenue than her two pageant businesses could generate, she set up a Bed & Breakfast business in our house, through AirBnB (currently one of the world’s hottest new startups). She took this very seriously in every aspect from booking rooms to communicating with guests, to cleaning and re-making the rooms between guests. This business has become quite lucrative for her– enough to just barely keep her on budget for her pageant activities, modeling classes, voice lessons, and SAT prep.

Marivi, from a photo-shoot last year.

Yes, SAT Prep, because at the root of all this activity is still her dream and goal of becoming a doctor (OB-Gyn) and an entertainer, and getting to Yale to make both dreams more achievable.

She has maintained an A average at Buffalo Seminary, is active in 7 school clubs, is on the varsity fencing team, is in the school play, interned at Shakespeare in Delaware Park, and does each of these things with equal passion and commitment.

Yet the pageant has been a symbolic parallel quest for her, an opportunity to practice everything she needs to learn and achieve in a parallel universe in order to help her succeed in the real world.

And so she announced to the world on Facebook and in her Yale-bound blog (The Daily Dan: Get This Girl to Yale) that she was focused on the crown this year, and the crown, she just knew, if she did her best and believed in her ability to achieve it, would be hers.

Sure enough all the research, organization, repeated practicing and prepping, writing and re-writing, rehearsing and reviewing paid off. At the pageant in Rochester last weekend every aspect of her performance and comportment from the smallest detail to the largest was done with perfection, elegance, poise, and confidence. And, of course, her “platform” for this year was “Confidence is the Key.” She was convinced that she could achieve this– or anything– if she believed enough to make it so. She knew, though, that belief begins with the knowledge of ability and ends with effort to fulfill the ability. Neither, without the other, will bring success.

And so, Monday night as the winners were announced, after the optionals in Talent, Spokesmodel, Acting, and Casual Wear, after the Introduction competition, the Interview competition, and the Formal Wear competition, the winners were announced.

First the optionals. These competitions had been held the previous day, and the results were kept under wraps until the Finale.

She began by winning the Talent competition with a stirring and professional performance of “Don’t Rain on My Parade,” winning the Acting competition with a passionately humorous bilingual routine in English and Spanish. She took First Runner Up in Spokesmodel for her speech entitled, “The Logic of Dreams,” which began and ended with this quote from Henry Ford: “Whether you think you can, or think you can’t, you are right.” She also took First Runner Up in Volunteer Service.

And then the moment of truth. The Top 20 were announced, and her name was called. And then, as suspense built, and parents heart rates spiked, they called fourth runner up, third runner up, second runner up, first– for the overall pageant competition. And then after a pregnant pause, “And now, the 2012 National American Miss New York, Junior Teen… “Maria Victoria Howell-Arza.”

Her mother and I screamed. She cried. And the crowd roared, because she had won over even this crowd of mostly partisan parents rooting for their own girls, with her grace, her talent, and her performance.

And the lesson for entrepreneurs, if you haven’t caught it yet is this. Success begins with a dream. The dream lives and grows on belief. Belief drives effort to achieve in reality what has already been envisioned in the imagination and confirmed with confidence. Effort driven by belief brings eventual achievement. It is seldom achieved on the first attempt, or even the third. It often takes a few failed attempts to develop the expertise, patience, discipline and perseverance to get everything just right. It also often takes the agony of defeat to motivate one to suffer enough to achieve success- the suffering of practicing and practicing over and over although it seems you have already hit your stride.

Now that Marivi has achieved her pageant goal, there is nothing in the world that can stop her from getting into Yale or becoming a doctor or a famous entertainer because she has learned the power of confidence, and confidence is the key. She has also learned the process of making dreams come true. She has learned that defeat and failure are not the end but rather just another obstacle to overcome on the road to the final destination.

Hopefully all of us who are part of the enterprise world can learn from this young woman and duplicate her success.

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Buffalo, Queen City of Startups: A Life Vest for those Drowning in a Glass Half Empty

In Buffalo,Business Trends & Ideas,Entrepreneurship,Historic Preservation,nxtARROW Company Information,Urban Pioneering on July 7, 2012 by nxtarrow Tagged: , , , , , ,

nxtARROW bug   I recently heard someone say, “The only people who hate Buffalo are people who’ve never been here and those who’ve never left.”

There’s something to be said for that.

Those who’ve never been here are content to accept media stereotypes and assume we’re a bunch of poorly dressed clods with a snow shovel in one hand and a chicken wing in the other.

Those who’ve never left are stuck in the, “any place is better than here,” mindset. I call it “the snow is always whiter on the other side of the city limits” syndrome.

Most of the focus of ArrowGram has been to help those who’ve never been to Buffalo think beyond the stereotype and see us for what we really are, with our best feet forward.

This article is aimed at those who are drowning in a glass half-empty who have spent their whole lives, however short or long, in a place they don’t want to be. These are the people who call Buffalo the Drag Queen City, the buckle of the rust belt,  people who see Buffalo as place where big talk is never accompanied by big action, where nothing good has happened since the last shift ended at Bethlehem Steel, or since cars were extruded from Main Street.

There is a good reason why people give up hope. And that’s what most negativity about Buffalo comes from: the anger, the pain, the frustration, the fatigue of lost hope.

People give up hope when it is easier to gripe than to continue the grimace of heavy lifting. People give up hope when it is easier to distrust anyone who comes up with the next big idea, regardless of who it is or what they’re proposing, because it hurts too much to be disappointed if things don’t work out. People give up hope because their own good ideas and great efforts have been unheeded, unappreciated or—worse yet– sabotaged by those who have a personal stake in maintaining the status quo.

If you are one of those people, it’s time to take your hands off your eyes and ears and pay attention to the great things that are starting to happen in Buffalo that are not the same old same old.

After ten years of big box dreams, the citizens rose up and convinced the powers that be to do something quicker, better, cheaper on the waterfront, and now Canalside is one of the most vital and “cool” places in the city.

After years of downtown being an urban ghost town, people like Rocco Termini and Mark Croce have refused to be dissuaded from realizing their vision of restoring and repurposing some of Buffalo’s greatest and most endangered buildings.

Part of the lobby at the restored Hotel at Lafayette during the gala grand opening.

Carl Montante insisted on repurposing the old Federal Office Building as a modern, mixed use hotel, office, and condominium center– The Avant Building– which is as much a tribute to Buffalo’s architectural future as the Lafayette and the Statler are a monument our architectural past.   Montante was quoted as saying, “People told me a building like that will never work in Buffalo, but because I’m from Buffalo and I believe in Buffalo I knew I had to build it.” Guess what? It works!

Young adults are moving downtown in droves to live. Every residential unit built downtown has been leased before its completion.

Hertel Avenue has become the new Elmwood. Larkin Square has come to life as a new center of business and pleasure. Out of the ruins of the Larkin Company has sprung a new business district that employs more than Larkin employed at its pinnacle. And now there are restaurants. Soon there will be lofts and apartments.

And this is just scratching the surface.

Sure Buffalo has its problems. We’re the third poorest city in the nation. But we’re also the second most affordable large city in the nation, and the city with the second best commute times, and the 5th best mid-size city for arts and culture.

Sure local government continues to underwhelm at best, but our company, nxtARROW is developing a private, profitable, sustainable approach to revitalizing Buffalo as a work-around for stagnant, unresponsive, unimaginative government. We’re one of many examples of people taking the initiative to do something different, to think out of the box or get rid of the box, to dare to dream and to put dreams into action.

What we see when we look at Buffalo is a city that was once the envy of the world, full of inventors and inventive thinking, full of entrepreneurs quickly becoming one of the millionaires who built this city in the first place. When we look hard and deep at Buffalo we see the DNA of those risk takers, dreamers, inventors and builders and we have found a way to tap into it, to unleash it, and to transform that latency into potency.

Our focus is to make Buffalo a destination for startups, since we have so much excess capacity left over from our golden era, just waiting to be leveraged, so much energy left over, just waiting to be harnessed.

A lot of that energy is currently being channeled in negative ways by lifetime residents who have given up, as much on themselves as on their community. Think how much further and faster we could go if we could rechannel that energy into the positive developments that are happening here every day.

That’s why we at nxtARROW want everyone to think something different from now on when you hear the rather stale and rusty term, “Queen City.” We want you to start thinking, “Queen City of Startups.” We may not be there yet, but if nxtARROW succeeds in our mission, we will be soon enough. And if you can see it, you are almost there already.

Rocco Termini said, when addressing a local group just prior to the opening of the restored Hotel at Lafayette, “There’s no such thing as can’t.” That’s Buffalo’s new motto.

John W. Howell, CEO, nxtARROW Business Development, LLC

johnhowell@nxtarrow.com

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Why Move from LA/SF/Chicago/NYC/Boston/DC/Toronto to Launch or Expand Your Business in Buffalo?

In Buffalo,Business Trends & Ideas,Chicago,Entrepreneurship,Historic Preservation,Los Angeles,News and Information,nxtARROW Company Information,NY,San Francisco,Startups,Urban Pioneering,Wasington DC on March 7, 2012 by nxtarrow

I love New York (City). I left my heart in San Francisco. I still miss my Sweet Home Chicago. There’s nothing like the moon over Miami. And “confidentially,” what about those beaches in LA?

But, I live in Buffalo, having recently moved back home from Chicago, and Santa Fe before that. I wouldn’t live anywhere else now, especially given the fact that I came back to start a company dedicated to helping others do the same.

The numbers tell the story

Numbers are what keep people from starting the business they always dreamed of, or spell doom for ventures that are under-funded.

You can’t argue with what the numbers say about the difference between starting a business here versus any of the large market towns I just listed (all of which I’d enjoy living in if I had all the time and money in the world).

$68:  The going rate for class A office space in New York and DC (with other major cities just slightly less) is $68 per square foot.

$18-30:  The rate for the most expensive class A space in Buffalo is $30, and it can be had in some downtown buildings for as little as $18. Retail space in downtown Buffalo goes for $15 per foot. Class B space in the city can be had for $10-15, class C (and warehouse space) starts at $5, occasionally less.

But your business space is just one piece of the mosaic. How about housing?

$67,900:  I bought a great arts & crafts house with only minimal rehab needs, within blocks of Buffalo’s best and most expensive neighborhoods, for less than $68K. It has five bedrooms, two baths, three floors, around 3,000 square feet. I can walk easily to the subway, the bus, and one of Buffalo’s most chic strips for great boutiques and restaurants.

$1You could call my house pricey compared to some aspects of the housing market. People are buying houses with great bones for as little as a dollar in Buffalo, and after rehab, have a beautiful home for $10-50K.

$515: If you prefer to rent, Buffalo’s median monthly rent (including apartments, condos and single family homes) of $515 is second best among major metro areas in the country.

$1,300: Compare Buffalo’s median rent of $515 to the Bay Area and similar costs in Southern California. That’s an extra $800 per month you don’t have to have, just to live, when you start or grow your business in Buffalo.

(Buffalo Skyline at night, looking across Niagara River from Canada)

20 Minutes:  Another number that matters is time. Commute time and ease are also key. Unlike any of the major cities I cited, Buffalo’s maximum commute is 20 minutes. You can literally go anywhere in metro Buffalo to anywhere else, by car, absent bad weather or accidents, in 20 minutes. In Chicago it often took 20 minutes just to merge onto the Kennedy Expressway. But here’s another number.

<2 Hours: In the amount of time it takes for an average suburb-to-downtown commute in Chicago or LA you can travel by car from downtown Buffalo to downtown Toronto, Canada’s largest city. In fact, within a half-day drive of Buffalo or less than an hour flight, one can travel to most of the largest U.S. cities from Buffalo. Buffalo is within a half-day’s drive of nearly 70% of the total population of Canada.

3: If sports stats are your favorite numbers, you’ll have the opportunity to see three major league franchises (hockey, football, women’s soccer) and enjoy some of the lowest costs for tickets and concessions in the NFL, NHL or WPS (Women’s Professional Soccer).

$5: If you like the idea of keeping box scores at “American’s Pastime,” you’ll love our retro downtown stadium, Coca Cola Field, home to Buffalo’s Triple A Bisons, and home to the 2012 Triple A All-Star Game, and– recently named “America’s Coolest Minor League Ballpark” by Complex magazine. It’s baseball like it used to be, the way it was meant to be, some would say. If you take advantage of numerous promotions, you can get a ticket for as little as five bucks.

<$11: For Sabres hockey games at HSBC Arena or Bisons baseball at Coca Cola Field you’ll seldom spend more than $10 to park nearby. When you’re downtown on business you can park for as little as a half-dollar an hour on the street or in some lots.

9th: People with children are concerned about the numbers ranking schools in the area. We will be honest. Buffalo Public Schools as a whole have their problems, but many of our magnet schools and charter schools in the city are among the best in the state or the nation. City Honors, a public magnet school, has been ranked 9th in the nation by the Washington Post and 16th on Newsweek’s top 500 high schools. Buffalo’s private schools such as Buffalo Seminary (secular all girls’ high school), Nichols School, and Nardin Academy (Catholic all girls school) routinely score even higher than City Honors.

50%: If you’re interested in private schools, tuition costs around half what you’d pay in the major cities listed above.

##??  Then there are numbers related to natural disasters: categories for hurricanes or tornadoes, Richter scale readings for earthquakes. You know Buffalo is not on the tornado, hurricane, mud slide, flood or earthquake list. Even assuming we have a bad snowstorm every now and then, snow melts, and normally leaves everything it covers intact. The same can’t be said for the effects of disasters and severe weather experienced in some of the country’s “best” cities, such as the Bay Area, LA, & Miami.

Inches. Lets start with inches of snow. The weather in Buffalo is grossly misunderstood outside of the area. Actually we have some of the best weather in the world for three of four seasons, and our winters (in the city proper) are quite average, for a northern city. The piles of snow you hear about attributed to Buffalo are actually in our southern suburbs, where the wind off Lake Erie dumps snow made from the effect of freezing wind on water. Except in what we call the (suburban) snowbelt, we don’t have any more snow in the city of Buffalo than in New York or Boston, and the last couple of years, we’ve had less.

Feet:  But, where the snow falls deepest is in some of the best ski country east of the Rockies. It’s less than an hour’s drive from downtown Buffalo to several feet of fresh powder. It makes a great compliment to the tremendous quality and variety of opportunities for water recreation all over Western New York, on two Great Lakes (Erie, Ontario) and the Niagara River, between ski seasons.

Degrees:  It seldom gets hotter than 90 or colder than zero. Having lived in Chicago for many years before returning to Buffalo I can tell you that winters are normally worse in the windy city than in Buffalo, especially where temperature is concerned. I was amused to hear the spokesperson for the company that makes the electronic parking pay stations used in Chicago express his confusion over the machines freezing up. “I don’t get it,” he said. “We tested them in Buffalo and they worked fine.” Of course. Chicago is colder!

Too Many to Count:  There are many other numbers that indicate why it might be worth considering moving from your major market city to Buffalo to start a business, or just to find a better life. Numbers such as 27 colleges and universities in the region, such as 23 professional theater companies, such as two world class art museums, such as 75 years of our world class Buffalo Philharmonic Orchestra, such as numerous hundred year old architectural gems designed by Burnham, Richardson, Wright, and Sullivan et. al, and so much more that makes the quality of life, as well as the numbers of life very favorable in Buffalo, New York.

1:7 And of course there’s one of the original seven wonders of the world just 2o minutes (sound familiar?) up the Thruway: Niagara Falls!  We never get tired of seeing this awesome (in the true sense of the word) natural wonder, though it is only one of many attractions in and around Buffalo that can take a weekend or a full week (or more) to enjoy.

(Niagara Falls, always worth the 20 minute drive)

Zero! Here’s one more number. That’s how much members of our program pay in their first year in Buffalo to launch or grow a business. Our company, nxtARROW, can arrange a free first year for out of town startups and companies that come to Buffalo to launch or expand. There’s an admission fee to our program that is a reasonable percentage of the value of what you will receive at no charge for the first year here. You just have to agree to stay, and to pay market rates for local services and benefits that are a huge bargain compared to what you’re used to paying now.

So if you’re thinking of starting a business but have been intimidated by the cost, consider Buffalo. If you have equity in your home in a major market, you might be able to own a home in Buffalo outright with what’s left over from your sale, or use that equity to pay your living expenses until your business starts to support you. The rent is certainly low enough to make that work.

There’s certainly a lot to consider. Why not give it some thought?

-John W. Howell, President & Chief Creative Officer-

An interesting home-made Buffalo video: http://t.co/JWKxct0

A great professionally made Buffalo video: http://ow.ly/5pyCf

nxtARROW website: http://nxtarrow.com

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Buffalo, NY Where Historic Preservation Meets Future Innovation

In Buffalo,Business Trends & Ideas,Entrepreneurship,Historic Preservation,News and Information,nxtARROW Company Information,Startups,Urban Pioneering on October 24, 2011 by nxtarrow

The most successful conference of the National Trust for Historic Preservation concluded in Buffalo last weekend with rave reviews going both directions. Locals were ecstatic with the attention, affection, and affirmation they received from the conference, which used the city as a living laboratory, displaying and celebrating Buffalo’s unique and extensive portfolio of turn of the (last) century architecture and landscapes designed by the leading lights of their day. Preservationists from around the nation were equally ebullient to have so much to explore and admire in Buffalo.

For those who don’t know, Buffalo was one of the four largest and most important cities in America around 1900. Due to the historical and geographical confluence of the Erie Canal, the Great Lakes, the railroads and mass electrification developed from Niagara hydropower, Buffalo became the Silicon Valley of its day. It’s leaders were forward thinking risk takers and innovators. It was the place where new industries launched, where new products and models were invented, and where the owners and investors in these enterprises were rapidly and extraordinarily enriched.

Buffalo became the only city in America to produce two United States Presidents, had more millionaires per capita than any city in the world, and was known world wide for its beautiful park system (Frederick Law Olmsted’s “Emerald Necklace” of parks around the periphery of the city, linked to each other and the city center by parkways which were in turn linked by a series of traffic circles). Although Olmsted designed many cities in that era, he proudly declared Buffalo to be “the world’s best planned city.”

And so, between October 19 and 22nd, 2,500 preservationists, architecture buffs and cultural tourists broke all attendance records for the Trust’s National Preservation Conference. At least 2,300 of them were from outside of Buffalo. To put the importance of this in context, last year’s conference, held in Austin, Texas, drew only 700.

They came to see more Frank Lloyd Wright structures than can be found in any one city other than Chicago, including one of his triumphs, the Darwin Martin House. They came to see Louis Sullivan’s Guaranty Building and Daniel Burnham’s Ellicott Square Building, Louise Bethune’s (first woman architect) Lafayette Hotel, and the two permanent buildings left over from Buffalo’s world’s fair in 1901– the Pan American Exposition– the Albright-Knox Art Gallery and Buffalo and Erie County Historical Society museum (which was the New York State pavilion during the expo). They came to see a downtown rich with historic landmarks from the late 19th and early 20th centuries. They came to see cathedrals and basilicas and diverse neighborhoods and so much more.

Stained glass ceiling of the Council Chambers in Buffalo's landmark art deco City Hall was just one of hundreds of sites and architectural features that conferees visited.

Those who live in and promote Buffalo as a great destination for all kinds of reasons were thrilled to get so much positive attention from the rest of the world. We were amazed to learn that our architectural history is so well known among those who have devoted their lives to studying such things, to the point that it might be said that Buffalo is the Vegas of American architecture. Except we hope that the recent convention has the opposite effect of the over-quoted Vegas commercial. We hope that what happened in Buffalo does not stay in Buffalo. And we have good reason to believe it will not.  We have good reason to believe that each of those 2,300 visitors who were welcomed like family in Buffalo and who had a love fest with Buffalo heritage, as well as thousands more locals who have learned a few things we didn’t know about our hometown from the convention, will spread the word that there is something worth coming to see and experience in Buffalo. If that comes to pass, Buffalo will achieve its current goal of establishing itself as a premier destination for cultural tourism.

But we hope it doesn’t stop there. We hope that Buffalonians will be inspired by Buffalo’s history of innovation, invention, risk taking and enterprise enough to be inspired to reclaim that role. We hope that Buffalo’s position as City of Light and Queen City of the Lakes will be reclaimed and reinvented in a new role as Queen City of Startups.

Because Buffalo has lost population due to the end of the industrial age that it ushered in, it is the perfect location to launch a new wave of enterprise and innovation. There is an over-abundance of infrastructure of all kinds in a city that was built for a million and currently only houses 260,00. With an imbalance of supply and demand on the supply side, there is a unique opportunity to find space, services, resources and labor at bargain prices to launch that new business, to develop that new industry, to invent and develop that new product or service. And our company, nxtARROW, was recently launched to create special incentives and support to further entice entrepreneurs to launch, re-launch or expand their companies in Buffalo, including free space and services for their first year in the city.

Buffalo lost sight of its history for a while, as it, with its “Rust Belt” sister cities fell into the decline and depression of  the end of the industrial age. As it fell into that morass, its leaders lost touch with the spirit of innovation and optimism that had made Buffalo the great city it once was. But as we have learned from our celebration of the living monuments to Buffalo’s past greatness, it was the foresight, drive, and boosterism of Buffalo’s entrepreneurs and investors that made Buffalo America’s greatest inland port, and it was their commitment to creating a great city with great parks, institutions, streetscapes and landmarks while also creating great companies and industries that made both the city and its industries among the greatest in the world.

To use another tired cliche, it is time to go “back to the future,” in Buffalo. We can channel the courage, creativity, and vision of those who built this city to create a new generation of leaders who will repeat the achievement a century later, making the most of the resources and conditions currently existing here to bring everyone with a good idea, every new company, every new industry we can possibly recruit, while at the same time creating an infrastructure that imagines, creates and develops all types of innovation, and as a result ushers in a whole new era of prosperity and world leadership.

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Stake your Claim in Buffalo: The New Pioneers are Urban Entrepreneurs

In Buffalo,Business Trends & Ideas,Chicago,Entrepreneurship,Los Angeles,Miami,News and Information,nxtARROW Company Information,NY,San Francisco,Startups,Urban Pioneering,Wasington DC on October 11, 2011 by nxtarrow

Never, since the days of the original American pioneers, has an opportunity presented itself by which one can do something great for the country, for a community, and for oneself simultaneously– until now. Just as brave, enterprising Americans left the comfort of the developed East to blaze new trails in the untamed West, there is an opportunity for pioneering people to leave the “comfort” of suburbia to rebuild the central city areas of our nation, especially in what has been known as the Rust Belt.

Old, declining cities offer many of the same opportunities and challenges the Western Frontier offered America’s first pioneers. There are opportunities for homesteading, by taking over condemned properties for a dollar, and restoring them. The opportunities for low cost business space  are abundant. There are challenges in the form of sub-standard public schools, higher crime rates in some neighborhoods, and low expectations in some communities resulting from too many years of decline, neglect, and flight which has led to chronic blight.

But just as America needed pioneers to blaze new trails, establish new cities, and build new industry in the 19th Century, America needs pioneers to re-pave pot-holed streets, rebuild crumbling neighborhoods, revitalize and restore, historic once-great cities with new ideas, new business models, and whole new industries.

Buffalo’s art deco Central Terminal was once an icon of the city’s stature as a railroad hub, but now stands in disrepair, as the restoration process begins.

The financial cost of starting a new business in the major markets of North America are prohibitive. The places where the “creative class” tend to congregate are among the world’s most expensive cities. In cities such as Los Angeles, the Bay Area, Chicago, Boston, New York, and D.C. just the cost of housing can equal an entrepreneur’s total budget in a Rust Belt city.

In fact, they’re beginning to see signs of a brain drain in Boston because of this. William Fulton writes in GoverningThe problem, Massachusetts economic development folks say, is that metro Boston is so expensive they can’t keep the kids, especially after those kids begin to have their own kids.

And unlike the major markets where there is competition for resources and attention, a city with a shrinking population and a shortage of good news will be much more receptive to people who are committed to moving in, staking a claim, and making a difference.

Simply by choosing the most economical place to start or grow a business, when choosing a Rust Belt town, one also does a great service to a nation of cities in trouble, and to the community in which s/he chooses to settle. In many such communities just one great success story can change a whole community’s collective self-esteem. Success begets success. As the city begins its comeback, the nation’s economy begins to improve exponentially.

So if you are the pioneering type and this appeals to you, the next question is where to stake your claim. There are good things happening in places like Cleveland, Youngstown, even Detroit. Pittsburgh has already remade itself as a high tech, research and development center, wiping away the sooty, steel town image. But one of the best opportunities out there may be Buffalo, New York.

Buffalo, the incredible shrinking city enjoys a high quality of life with a low cost of living. 

Buffalo is “on the verge of a moment,” according to New York magazine. It is a city that has stagnated and lost population since the major industries shut down in the late 70′s and early 80′s, but it is finally perfectly positioned to be the center of an entrepreneurial renaissance.

Buffalo was built for a million people. At the turn of the last Century, as Buffalo was the fourth largest city in the nation, the wealthiest city in the world, and appeared to be experiencing unbounded growth driven by the confluence of the Erie Canal, Great Lakes shipping, railroads (Buffalo was second to Chicago in rail traffic) and mass electrification due to the development of hydro power from Niagara Falls. The city landscape was planned by Frederick Law Olmsted and the streetscape by Joseph Ellicott. The result was a beautiful, masterful system of parks linked by parkways and major avenues joined by traffic circles. Nearly all of this infrastructure still exists and much of it has been maintained or restored to its original magnificence.

But Buffalo never grew to a million residents. The city peaked at 600,000 in the late ’50′s and then after holding at around 500,000 through the end of the industrial age, began to lose population quickly through the present, with the 2010 Census at 260,000. The Buffalo Niagara Metro area also peaked at 1.3 million in the early ’70′s and has also declined since then, to a current population of just over a million.

The daunting Twin Towers of H.H. Richardson’s Buffalo State Hospital are being re-purposed into a museum and boutique hotel.

Therefore, the City of Buffalo, designed for a million, is at only about 26% capacity. The city’s modern infrastructure was built to accommodate the peak population of 600,000 and so is more than 50% under capacity. Buffalo has been a telecom infrastructure center for many years and enjoys more bandwidth and fiber optic capacity than most major cities.

Of course in practical terms, that means commutes are short and stress-free. There is virtually no rush hour in Buffalo, unless caused by weather, accidents or construction. The typical commute within the city is ten minutes. One can travel from the city to any point in the suburbs in twenty minutes.

High supply and low demand means everything from housing to business space to a full menu of business services are huge bargains compared to major cities and even, to a lesser degree, compared to Buffalo’s own suburbs. As mentioned, homesteaders can buy a house to restore for a dollar. But in certain neighborhoods, close to downtown and to some of the city’s best neighborhoods, well maintained houses can be had for the mid five figures.

Equally important is the cultural infrastructure. While Buffalo has been in decline in many ways for decades, the city has managed to save a huge inventory of turn of the century architecture. Historic preservation has finally won the day and a huge number of beautiful old buildings are being saved and restored. The National Trust for Historic Preservation is holding its 2011 convention in Buffalo and expects a record attendance of 2,500, all due to Buffalo’s wealth of period architecture and its status of one of only two cities (the other being Chicago) possessing major works of the four great American architects: Daniel Burnham, H.H. Richardson, Frank Lloyd Wright and Louis Sullivan.

In addition, there are more than twenty professional theatre companies, two world class art museums, one of the world’s best orchestras, and a vibrant local arts community.

For all the reasons stated above, anyone wishing to start or grow a business who also cares about making a difference in a community in need and in the nation as well, should consider coming to Buffalo where many of the best aspects of a mid size to large city are available along with the opportunities and challenges of pioneering in a city that needs to stage a comeback.

And there’s one more reason. nxtARROW offers business space and a full compliment of business services at no charge for the first year to any entrepreneur or company moving into the city from the outside, whether it is the Buffalo suburbs, Boston, L.A. or anywhere else. There is an admission fee to enter our program which is a small and reasonable percentage of the value of the package you will receive, but otherwise your costs for launching in Buffalo are covered.

Check the nxtARROW website for more information, photos and some great videos about Buffalo.

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If You Want Your Kids to Succeed, Teach Them Entrepreneurship

In Business Trends & Ideas,Entrepreneurship,News and Information,Parenting,Startups on September 14, 2011 by nxtarrow Tagged: , , ,

Since the crash of ’08 it has been obvious that there has been a major paradigm shift in the way people work and earn their living. The employment age, when the typical person could depend on an employer for an opportunity to utilize one’s skills, experience, talent, and passion, in exchange for good pay, benefits, and long-term security, is over.

There will always be opportunities for some people to find fulfillment, security, decent pay and benefits as employees, but for the most part, people with intelligence, drive, creativity, and expertise will be unable to to fully utilize their skills, channel their passion or express their creativity working for someone else, especially at a rate of compensation that is worthy of their level of expertise. The best way to reach one’s earning potential while also pursuing one’s interests and utilizing one’s skills will be to create one’s own job, by creating one’s own business, company, and often, even a new industry.

A big factor that is holding America back from taking full advantage of this paradigm shift and all the opportunities for innovation and wealth creation that come with it, is the fact that from early childhood we have been socialized into the expectation of employment. We are told to get good grades in school in order to get into college, in order to get a good job. Unless there is a strong tradition of entrepreneurship in the family, it is unlikely that the possibility that little Jacob or Emma will be inspired to create their own company or industry, either by parents or teachers.

Whether or not you are an entrepreneur or would know the first thing about starting a business yourself, you can begin to train your child to think like an entrepreneur by following this very simple strategy.

No allowance: No matter how young your child is, do not, under any circumstances give him or her an allowance. Just as importantly, however, do not give them a job. Do not say, “I’ll give you a dollar for walking the dog.”

Give Direction but not Orders:   You can pay your young child to walk the dog if you want to, but give them some hints and direction by which they will approach you with the idea. That is the difference between an entrepreneur and an employee. An entrepreneur sees an opportunity to earn money by performing a necessary or desirable service and approaches the potential client with a proposal.

So instead of telling Jacob, “I’ll give you a dollar to walk the dog,” ask him to think of jobs he can do for others, and see if anyone will pay him, and how much he might be able to earn. The child then thinks, “Oh, I know mom walks the dog every day. Maybe she’d pay me a dollar to do it for her.” The child then comes with the proposal and the parent accepts it.  Same work done. Same amount paid. But the latter is teaching entrepreneurship while the former is just perpetuating the obsolete concept of employment.

Use Teachable Moments:   The best way to teach this is to wait until the child asks for something. You are at the store and Emma asks for a game or a toy. Instead of buying it for her, you would say, “Well, it costs $10.99. If you really want it, think of what you could do to earn $10.99.” If she has trouble imagining solutions, give her some hints. “I really don’t like walking Fido every day. If someone offered to do it for me and didn’t charge too much, I might take them up on it.” Or you could say, “Mrs. Jones next door seems to be having a lot of trouble taking her trash out. I wonder how much she’d pay someone to do it for her.”

You can start teaching entrepreneurship when your children are very young.


Planting the Seeds of Entrepreneurial Imagination: Once you’ve planted the seed, Jacob and Emma will likely start imagining all sorts of ways to earn money, and will begin to propose to parents, family members, neighbors and others a service they know they can provide, for an amount that is meaningful to them as a means to meet their own material needs and wants.

Applying Market Factors to Entrepreneurial Interests:   Of course, children will likely imagine doing things that they would enjoy but that are not marketable. This is an important aspect of teaching entrepreneurship. As an example, my daughter, at the age of seven, decided she was going to start a “Sock Skating School.” She was going to teach her friends to “figure skate” in sockfeet on our hardwood floors. She signed up several friends to take lessons at a rate of $6 per lesson. One problem. She didn’t enlist their parents’ cooperation. I used that as a teachable moment about market factors. She hadn’t taken the time to research whether or not the parents of her prospective students would value the service enough to pay $6 (or 6 cents) for that kind of service. She quickly scuttled the plan and went with a pet sitting service instead.

Parents and teachers should constantly be planting seeds in the child’s imagination that apply the child’s interests, abilities and resources to the child’s needs for material gratification. Before long it becomes second nature for the child. The child associates the acquisition of money with a strategy for leveraging his or her resources to meet a “consumer’s needs” in a marketable way, as a means of obtaining the desired amount of money. Follow this simple strategy and your child will be much more likely of being fulfilled, secure and prosperous in adult life, as a likely entrepreneur.

by John W. Howell, Founder, President, Chief Creative Officer, nxtARROW

nxtARROW Business Development Corporation recruits startups and small businesses to launch, re-launch or expand their businesses in Buffalo, the Queen City of Startups, by offering a free year of space, services and benefits. See local CEO’s make the case for building your business in Buffalo on this video. You can also visit the company website.

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Front Yard Gardens and Front Row Seats: The High Quality and Low Cost of Life in The Incredible Shrinking City– Buffalo, Queen City of Startups

In Buffalo,Business Trends & Ideas,News and Information,nxtARROW Company Information on July 29, 2011 by nxtarrow Tagged: , , , , , , , ,

We are beginning to use some new buzz phrases in our promotion of Buffalo as a startup destination. As a take off on Buffalo’s moniker as Queen City (of the Lakes) during its first golden age, we are beginning to call Buffalo Queen City of Startups to show the connection between Buffalo’s past greatness as a center of transportation, manufacturing and energy (hydro electricity, new at the time), and Buffalo’s current ideal positioning as a startup hub as “the incredible shrinking city,” where we can leverage excess capacity (caused by shrinkage) for mutual benefit (of local business and startups moving here).

We call Buffalo the incredible shrinking city because population loss doesn’t have to be a bad thing. Although Buffalo has lost half its inner city population and about 30% of its metro population since its peak, the infrastructure for a larger city remain in place. That creates excess capacity, which is the basis for everything from quick easy commutes to a diverse, high-quality cultural environment, to some of the nation’s lowest housing costs, and similarly low costs for doing business.

Because of excess capacity, Buffalo is uniquely poised to be the center of a new generation of innovation, invention, and business development. If you can rent an office, store, factory or other commercial space for less than half the going rate in major markets, if you can buy a house for less than the down payment on a similar house would be in major markets, and if you can enjoy everything from a great meal to a great play to a full menu of music, art, and museums, to more festivals than you can possibly attend, and from walks through our Olmsted Parks to the Garden Walk along our side streets and back alleys for less than the same things would cost you just about anywhere.

Typical front yard garden on any Buffalo street

 Speaking of Garden Walk, this annual event which has gotten good press well outside of Buffalo, starts today. But it isn’t just an event, it’s a daily experience throughout the growing season. I just walked a half mile down one ordinary street and was overwhelmed by the number of beautiful front yard gardens: some dramatic, some understated, some emphasizing the aesthetics of a beautiful house, some masking the plainness of an ordinary house.

As I walked past house after house on this one particular otherwise unremarkable street with extremely remarkable front yard foliage I reveled in the realization that this is what Buffalo is all about. So, while we promote the excess capacity that makes Buffalo an ideal place to do business, we extol the richness of little details such as front yard gardens that make the quality of life as high as the cost of living is low.

So, expect to hear phrases like “Queen City of Startups” more often when you hear about Buffalo, the “Incredible Shrinking City,” where we “leverage excess capacity for mutual benefit.” Expect to hear about “the Low Cost of Living with a High Quality of Life.”

 

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