Statement from Empire State Development Corp on Tesla Solar City Merger

PRESIDENT, CEO & COMMISSIONER HOWARD ZEMSKY: “Today’s approval of Tesla’s merger with SolarCity is an enormous win for Buffalo and the entire Western New York region, which is now home to the main manufacturing hub for the world’s largest integrated sustainable energy company. The $2.6 billion agreement also solidifies Panasonic’s plans to collaborate with SolarCity, with the Japanese electronics giant making the solar cells that are a critical component of each solar panel. Thanks to Governor Cuomo’s leadership and the visionary pioneers who have created these extraordinary clean-energy synergies, Western New York is now positioned to be a global leader in clean power technology and cutting-edge innovation. We have always strongly believed in the economic impact of the RiverBend transformation and today’s news makes the future even brighter for Buffalo.”]]>