M&T Bank has selected Seneca One as the site of its new Tech Hub in downtown Buffalo. M&T signed a long-term lease for an initial 330,000 square feet of space in Seneca One, with options to expand. By the middle of 2020, M&T plans to have at least 1,000 of its employees in the building, and expects more than 1,500 employees to be located there within three years.
“In today’s digital economy, attracting and developing tech talent is one of our top challenges—not just for our company, but for our entire community,” said M&T Bank Chairman and CEO, René F. Jones.
M&T plans to occupy two large floor plates in the building’s pedestal, and 11 floors (13 through 23) in the tower. The build-out is expected to take six months, with the first wave of employees moving in soon after the first of the new year.
“We have been lucky enough to have had the opportunity to work with Douglas Development on similar revitalization projects around the country, and couldn’t be more excited to reposition this important building in the heart of Downtown Buffalo,” said Joseph M. Antunovich, president of Antunovich Associates, the lead architect for the building. “M&T Bank has an exciting new vision not only for their industry, but for the city of Buffalo, and we are honored to be able to work collaboratively to help them achieve it.”
M&T has nearly 7,400 employees in the Buffalo area and is actively recruiting to fill an additional 840 open positions locally. The company also expects to hire more than 1,000 technologists over the next three to five years to support its rapid development and deployment of new technology.
As part of its ongoing technology transformation, the company recently launched the M&T Bank Technology Development Program (TDP)—a year-long management development training program designed to jumpstart tech careers through a combination of classroom, on-the-job and leadership training. The inaugural class is comprised of 53 graduates from some of the East Coast’s other top colleges and universities, including local schools such as the University of Buffalo and RIT.
Additionally, the company plans to continue to support programs that help bring more people into the tech talent pipeline. For example, a team of M&T technologists recently created and led a six-week Coders Club program at Westminster Community Charter School to teach students the basics of software development. The company is now considering how to can expand the program to other schools in the coming years.