HSBC Bank USA has announced it will invest $35 million to renovate its downtown Atrium and its facility in Depew, in what is being called a complete renovation of its local facilities.
The bank says work has already begun on refurbishing both buildings, with completion expected within two years. It includes upgrades to the buildings' telecommunications infrastructure, new carpeting, ceilings and furniture, a re-branding of work areas, and improvements to amenities, including cafeterias.
The company says the upgrades will make the facilities more energy and environmentally efficient.
“This is one of the most significant capital investments that HSBC has ever made in the United States,” said Greg Zeeman, Senior Executive Vice President and Chief Operating Officer, HSBC USA Inc. “It’s a sign of the strategic importance we place in Western New York, both as a commercial banking center and major operational site, with over 3,000 HSBC professionals located here.”
The bank employs more than 3,000 people in the region.
State Senator Tim Kennedy of Buffalo, the ranking Democrat on the Senate Economic Development Committee, says he has been encouraging HSBC officials to keep the jobs here in Western New York.
Kennedy said he has held frequent conversations with executives at HSBC.
“With this $35 million investment, HSBC is demonstrating its commitment to doing business in Buffalo and Western New York,” Kennedy said.
“HSBC understands the benefits it enjoys here in Western New York with our hardworking, highly-skilled workforce, our low cost of living, and our high quality of life for employees,” Kennedy added. “They are now injecting millions of dollars into downtown Buffalo and at their facility in Depew, building on the momentum of development happening throughout Western New York and showing a genuine desire to preserve their local operations for the long-term."