The “Buffalo Billion” has also led to critical state investments at the Buffalo Niagara Medical Campus (BNMC), a consortium of the region’s top health care, education, and research institutions. The 120-acre site adjacent to downtown is home to more than 17,000 employees due to the completion of several major projects at the campus, including the University at Buffalo’s $375 million new medical school and Kaleida Health’s $270 million Women and Children’s Hospital, both of which opened last year. Roswell Park Cancer Institute, which just completed a $50 million expansion at the BNMC, recently secured United States Food and Drug Administration (FDA) approval to begin clinical trials of a possible lung cancer vaccine.
The construction of the university’s new medical school at the BNMC is part of the “UB2020” plan, a comprehensive growth strategy to increase jobs, enrollment, and research funding at the school, the largest public university in New York State, with more than 28,000 students across 3 campuses. In addition to the University at Buffalo, the area is home to 20 other colleges and universities, for a total of 110,000 students and 32,000 employees in higher education, creating a $3.2 billion economic impact.