The Buffalo Downtown Association has announced it will be closing its doors.
The business development organization said it's due to the lack of financial support.
It was established in 2011 and used to receive funding from the city but its source was part of overall cutbacks. Its goal was to support business development and downtown Buffalo.
Chairman of the association's board Michael Bacon said the organization had recently received a $10,000 grant from the city that could have supported several of the group's programs, but the group chose not to accept it.
"While it would pay for these programs purchased items, etc., it wasn't going to offer us any sort of revenue to pay our director, pay our rent, and any other expenses that we were going to incur. So, there was no sense in accepting that contribution," he said.
Bacon said with the association gone, the community might miss out on cultivating successful businesses.
"Now that no one is focusing on it, I think we're going to miss a step or two, and that's going to be unfortunate for us," he said.
The Buffalo Downtown Association also had to dismiss its director. Bacon said they plan to close down by August 1.