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Utica gets $1.5 billion investment, promise of 1,000 jobs

By Tom Precious

ALBANY -- Utica, one of many communities along the Thruway battered by job losses over the years, will become home to a new nanotechnology business community that Gov. Andrew Cuomo says will create 1,000 jobs.

State taxpayers will spend $200 million over the next 10 years on new equipment and other expenses for the new project.

The Nano Utica project taps into a successful nanotechnology effort in Albany that has been heavily funded by state taxpayers over the past two decades. The Utica deal features six technology firms promising to invest $1.5 billion

"The best wasn't in the past,'' Cuomo said of the Mohawk Valley during a speech this afternoon at the SUNY Institute of Technology campus in Utica.

The project is a further expansion of the influence of Alain Kaloyeros, the senior vice president and chief executive officer of the College of Nanoscale Science and Engineering, which recently broke off from the University at Albany to become the newest college of the State University of New York system. Kaloyeros is heavily involved in the new Utica project as well as technology efforts in Buffalo.

The Albany facility will partner with the SUNY's Institute of Technology in Utica and six private companies: Advanced Nanotechnology Solutions, Autotech and SEMATECH and its partner companies, including IBM, Lam Research and Tokyo Electron.

The state spending will be similar to how the Albany nanotechnology center is funded; the state pays to purchase expensive "tools'' used in computer chip research that are then used by private companies that lease space in a new Utica facility.

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Albany | Andrew Cuomo
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About Politics Now

Robert J. McCarthy

Robert J. McCarthy

A native of Schenectady, Robert J. McCarthy came to The Buffalo News in 1982 following a six-year stint at the Olean Times Herald. He is a graduate of St. Bonaventure University, and has been covering local, state and national politics since 1992.

rmccarthy@buffnews.com


Tom Precious

Tom Precious

Tom Precious joined The Buffalo News in 1997 as bureau chief at the state Capitol, where he covers everything from statewide politics and state government fiscal affairs to health care, environmental and municipal government matters. Prior to The News, he worked for news outlets in Albany and Washington, DC.

tprecious@buffnews.com


Jill Terreri

Jill Terreri

Jill Terreri is an Amherst native and has covered politics and government in upstate New York since 2003. She joined The Buffalo News in 2012 and covers City Hall.

@jillterreri | jterreri@buffnews.com


Jerry Zremski

Jerry Zremski

Jerry Zremski, The Buffalo News Washington bureau chief, has reported from the nation's capital since 1989 after joining The News as a business reporter in 1984. A graduate of Syracuse University, Zremski is a former Nieman fellow in journalism at Harvard University. In 2007, he served as president of the National Press Club.

@JerryZremski | jzremski@buffnews.com

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