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        <ExplanationTxt>THE BUFFALO NIAGARA ENTERPRISE PROVIDES MEMBERSHIP TO THE BUFFALO CLUB AND THE COUNTRY CLUB OF BUFFALO FOR THE PRESIDENT AND CEO.</ExplanationTxt>
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        <ExplanationTxt>DAVID ANDERSON, RANDALL CLARK, DENNIS ELLSENBECK, THOMAS KUCHARSKI, KEVIN QUINN, JOHN SCANNELL, GARY QUENNEVILLE AND ARTHUR WINGERTER ALSO SERVE ON THE BOARD OF DIRECTORS FOR THE BUFFALO NIAGARA PARTNERSHIP. DOROTHY GALLAGHER-COHEN IS PRESIDENT OF THE BUFFALO NIAGARA PARTNERSHIP.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE BOARD OF DIRECTORS ELECT THE OFFICERS OF THE BOARD OF DIRECTORS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>ACTIONS OF THE OFFICERS ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11</FormAndLineReferenceDesc>
        <ExplanationTxt>AN IN-DEPTH REVIEW OF THE BUFFALO NIAGARA ENTERPRISE'S FORM 990 IS DONE BY THE CHIEF FINANCIAL OFFICER OF THE BUFFALO NIAGARA PARTNERSHIP. ONCE THE REVIEW IS COMPLETED, THE FORM 990 IS THEN REVIEWED BY THE ENTERPRISE'S STEERING COMMITTEE. A COMPLETE COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW AND FEEDBACK PRIOR TO BEING FILED WITH THE IRS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BUFFALO NIAGARA ENTERPRISE HAS A POLICY IN PLACE THAT IS INTENDED TO PROVIDE GUIDANCE FOR THE BOARD AND FOR INDIVIDUAL DIRECTORS IN CASES WHERE REAL, APPARENT, OR POTENTIAL CONFLICTS OF INTEREST MAY ARISE. IT IS THE RESPONSIBILITY OF EACH DIRECTOR TO IMMEDIATELY DISCLOSE IN WRITING TO THE CHAIR OF THE BOARD OF DIRECTORS THE EXISTENCE OF ANY CONFLICT OF INTEREST.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE CHAIRMAN OF THE BNE BOARD OF DIRECTORS APPOINTS A COMPENSATION COMMITTEE ANNUALLY THAT REVIEWS THE REASONABLE ATTAINMENT OF PERFORMANCE BENCHMARKS AS COMMUNICATED TO THE PRESIDENT PRIOR TO AND DURING THE FISCAL YEAR. COMPARISON SALARY DATA FROM THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL AND EXECUTIVE SEARCH FIRMS ARE ALSO CONSIDERED. THE COMPENSATION COMMITTEE THEN RECOMMENDS ANY SALARY INCREASES AND/OR BONUSES FOR CONSIDERATION BY THE FULL STEERING COMMITTEE. ALL OTHER EMPLOYEE SALARIES ARE DETERMINED BY THE PRESIDENT IN CONSULTATION WITH THE STEERING COMMITTEE.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS OF THE BUFFALO NIAGARA ENTERPRISE ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C:</FormAndLineReferenceDesc>
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</Return>