Cuomo announces ‘chip plant’ will bring 1500 jobs to Utica

The website’s Mark Weiner released a story just after 10:30 this morning saying the Governor is in Utica today to announce a $2-billion dollar investment from two companies – GE and an Austrian sensor manufacturer – and 2,000 jobs in the Utica area.

At the same time, General Electric (GE) Global Research will expand its New York operations to the Mohawk Valley.

It’s part of the companies’ investment into Cuomo’s Nano Utica computer chip research initiative. In partnership with New York State, SUNY Poly CNSE, Fort Schuyler Management and Mohawk Valley Edge, ams will construct, staff and operate a state-of-the-art 200/300 mm wafer fabrication facility in support of the company’s high performance analog semiconductor operations.

Across the street GE is investing $150 million, and creating 470 jobs, to develop a Power Electronics packaging facility at QUAD C on the SUNY Polytechnics Institute campus.

While in Utica, Cuomo will hold a cabinet meeting and is expected to make an economic development announcement. “The Mohawk Valley is beginning an economic revolution around nanotechnology, and I am excited to see the region take off and thrive, both today and in the years ahead”.

Utica is the second upstate city to be dubbed Capital For a Day this year as Cuomo tries out something new in his efforts to place emphasis on the importance of upstate.

All of it is part of the state’s burgeoning nanotechnology sector, which is based in Albany and has spread to Buffalo, Rochester, Syracuse and Utica. General Electric once had deep roots in the area.