BUFFALO, N.Y. (WIVB) - HSBC announced their plans Monday morning to invest $35 million in its Buffalo-area operations. HSBC says they plan to renovate the downtown Atrium building and suburban corporate facility in Depew.
HSBC says upgrades include new carpeting, ceilings, furniture and a re-branding of the work areas. They plan to enhance technology and enable WiFi, video conferencing and a state-of-the-art telecommunications system. They also plan to refresh the cafeterias and other employee amenities.
"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. in a news release. "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."
In December, News 4 reported that the bank will vacate HSBC Tower by this October. But the company said that they are still committed to Buffalo, and will move employees to other locations downtown and in Depew. The future of vacated office space at HSBC Tower is still unknown.
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