Last week, Gov. Cuomo announced two new investments at the Nano Utica site in Marcy.
AMS, an Austrian-based, high-tech manufacturer, will invest $4 billion into research and development at the SUNY Polytechnic Institute near Utica. The initial investment will be of $2 billion, while the state contributes $200 million, and they expect to create more than 1,000 jobs.
General Electric will invest $200 million into the GE Research facility, while the state will contribute an additional $50 million, which is expected to create 470 jobs.
Gov. Cuomo said:
“This is a transformative moment that will make a difference in peoples’ lives in the Mohawk Valley for generations to come. Over the past few years, we have worked to reverse the negative and invest in Upstate NY – and today we’re taking another huge step forward. With GE and ams joining the Nano Utica initiative, we’re seeing the region’s economy gathering momentum unlike ever before. 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.”