Oct 4
2017
Entrepreneurs take state grants and flee WNY
Cory Rosenfield knew the deal: in exchange for up to a $1 million state investment in his fledgling company, he would have to move the business to Buffalo for at least a year – and hopefully much longer. So, when he made his pitch to the judges of the 43North competition two years ago, he assured them this wouldn’t be a problem. “We are so excited to be making our new home in Buffalo,” he said. “We are here to stay no matter what.” Just over a year later, the company had gone back to Toronto – despite winning $250,000.[...]