Nano Utica Economic Development Initiative Brings 2000 ams and GE Global Research Jobs to New York

Governor Andrew M. Cuomo, who traveled to Utica to bring his “Capital for a Day” program to the Mohawk Valley region, announced a 31-point plan to advance the Mohawk Valley region.

The 31-point plan included the launch of the next phase of the Nano Utica economic development initiative. At the campus of SUNY Polytechnic Institute in Utica, Gov. Cuomo announced that ams AG and GE Global Research will create nearly 2,000 jobs under the next phase of Nano Utica.

Video – NYGovCuomo

ams AG, which manufactures high performance sensor solutions and analog ICs, will initially invest over $2 billion for building a 360,000-square-foot 200/300 mm wafer fabrication facility at the 450-acre Nano Utica site in Marcy, NY.

ams is undertaking this project in partnership with SUNY Poly CNSE, Fort Schuyler Management (FSMC) and Mohawk Valley Edge. As a result of this project, ams will create and retain more than 700 full time jobs. The company also anticipates the creation of at least another 500 support jobs by contractors, suppliers and partners the wafer fabrication facility requires to enable its advanced manufacturing operations.

GE Global Research will become an anchor tenant at the Computer Chip Commercialization Center (QUAD C) on the campus of SUNY Polytechnic Institute’s Colleges of Nanoscale Science and Engineering in Utica. GE is partnering with SUNY Poly to develop a Power Electronics packaging facility at QUAD C.

As a result of this project, nearly 500 jobs are expected to be created in the Mohawk Valley over the next five years by GE and its affiliated corporations, and by SUNY Poly. The project is expected to support the creation of another 350 jobs in the subsequent five years after that.

Announcing these projects, Gov. Cuomo said in a release that “This is a transformative moment that will make a difference in peoples’ lives in the Mohawk Valley for generations to come.”

“With GE and ams joining the Nano Utica initiative, we’re seeing the region’s economy gathering momentum unlike ever before,” added Gov. Cuomo.

Dr. Alain Kaloyeros, president and chief executive officer of SUNY Polytechnic Institute, said in the release that this announcement is a is a tremendous victory for the Mohawk Valley and the entire State of New York. “Governor Cuomo’s pioneering economic development model, coupled with SUNY Poly CNSE’s world class expertise and resources, continues to generate historic investment and job creation throughout the state,” added Dr. Kaloyeros.

Utica Mayor Robert Palmieri noted that the Nano Utica initiative is revolutionizing the local economy, bringing global companies, billions of dollars in private investment, and thousands of jobs to the region. Mayor Palmieri added that this is something he couldn’t have even imagined a decade ago.

Nano Utica is a $1.5 billion economic development blueprint unveiled by Gov. Cuomo in 2013 to revitalize the Mohawk Valley. The idea was to establish a dynamic nanotechnology-driven ecosystem by replicating the successful public-private investment model of SUNY Poly’s College of Nanoscale Science and Engineering (CNSE) in Albany.

Based on this model of state investment for building unique state-owned facilities and infrastructure to be used by private companies in partnership with CNSE, New York State committed to investing $250 million into QUAD C and the Marcy Nanocenter to support critical equipment and infrastructure improvements. The result is that the Nano Utica initiative is now projected to create more than 4,000 jobs over the next ten years.

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