Tech News Summary:
- M&T Bank is investing $24 million in a new Tech Hub in downtown Buffalo to create hundreds of jobs and boost the city’s technology development sector.
- The company currently employs 8,000 people in the region, 50% more than its workforce a decade ago, and already owns office space in Buffalo.
- The new Tech Hub is designed to promote collaboration and flexibility between employees and will help to cement Buffalo’s status as a hub for technology development.
Buffalo, NY – M&T Bank has announced the opening of their new Tech Hub in downtown Buffalo, bringing 500 workers to the area for a digital revolution. The state-of-the-art facility is located in the heart of the city’s business district and marks a significant investment in the local community.
The Tech Hub will be home to a team of developers, engineers, and other technology professionals who will work to expand the bank’s digital offerings, including their online and mobile banking platforms. The hub will also serve as a research and development center for new technologies that will enhance the bank’s services and improve customer experience.
M&T Bank’s Chairman and CEO, Rene Jones, stated that the Tech Hub demonstrates the bank’s commitment to investing in new technologies that will improve the customer experience and fuel economic growth in the region. Jones noted, “we are excited to bring this project to fruition and to see the impact it will have on the community.”
The Tech Hub is part of a larger initiative to transform Buffalo into a hub for technology companies and startups. The city has recently seen a surge in tech-related jobs, with global companies such as IBM, Amazon, and Facebook opening offices in the area.
The opening of the Tech Hub is expected to create a positive ripple effect throughout the local economy, with increased job opportunities and investment in downtown Buffalo. It also serves as a symbol of the city’s revitalization and ongoing efforts to attract innovative companies to the area.
M&T Bank’s Tech Hub is set to open in early 2022 and will feature state-of-the-art technology, collaborative workspaces, and amenities such as on-site dining and fitness facilities. The company is actively recruiting top talent to join their team and help drive the digital revolution.