Tue September 27, 2011
State secures high tech investors
By WBFO News
Albany, NY – New York State has secured major investments $4.4 billion over the next five years.
Governor Andrew Cuomo said the investments will be used to create the next generation of computer chip technology.
The funds will be matched with a state investment of $400-million. The Governor said the state has entered into agreements with Intel, IBM, GLOBALFOUNDRIES, TSMC and Samsung.
"This unprecedented private investment in New York's economy will create thousands of jobs and make the state the epicenter for the next generation of computer chip technology," Governor Cuomo said. "IBM, which is celebrating 100 years in New York, Intel, which is making its most significant investment in New York, as well as TSMC, Global Foundries and Samsung now recognize that the state is on its way to becoming a premier location for jobs, which is why these companies are making this major investment. In the last nine months, my administration has worked to create a more confident environment for doing business in New York, and major deals like this one prove that the state is truly open for business."
The investment in these two efforts will result in the creation and retention of approximately 6,900 jobs. That number includes 2,500 additional high-technology positions comprising of:
800 at CNSE Albany NanoTech Complex
950 at IBM - Yorktown Heights and IBM - East Fishkill
450 at SUNY Institute of Technology (SUNYIT) in Utica
300 at CNSE's Smart System Technology & Commercialization Center in Canandaigua
In addition, approximately 1,500 construction jobs will be created in Albany and 400 in Utica. As a result of the investment 2,500 existing jobs in Albany, Canandaigua and East Fishkill will be retained.