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.
taggedAlbany | Andrew Cuomo