Today Governor Cuomo announced an historic private investment in New York State that will create and retain approximately 6,900 jobs and make our state the epicenter for the next generation of computer chip technology.
The Governor’s agreement with five major technology companies – Intel, IBM, GLOBALFOUNDRIES, Samsung, and TSMC – is bringing an investment of $4.4 billion into the state’s nanotechnology sector that New York won over countries in Europe, Asia, and the Middle East. To support the project, New York State will invest an additional $400 million in the SUNY College for Nanoscale Science Engineering, but no private company will receive any state funds.
Click here to see a video of Governor Cuomo making the announcement at his New York Open for Business Conference in Albany.
By passing an on-time budget with no new taxes, enacting a property tax cap, and embracing innovative ideas to make state government work, Governor Cuomo is taking action to put New York back on the path to prosperity.
As this investment shows, New York is now being recognized as a top location for economic development and companies across the globe are realizing that New York is open for business once again.