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Cuomo announces ‘Nano-Utica,’ $1.5 billion investment expected to bring 1k jobs to Utica area

Governor Cuomo made a trip to SUNYIT on Thursday to announce Nano-Utica, which will create 1,500 jobs in the Mohawk Valley.
Updated at 7:55 p.m. on Thursday, Oct. 10:

Marcy (WUTR-TV/WSYR-TV) - Governor Cuomo made a trip to SUNYIT on Thursday to announce Nano-Utica, which will create 1,500 jobs in the Mohawk Valley.

Six leading global technology companies have agreed to invest $1.5 billion dollars to create Nano-Utica; something the governor says will serve as a major hub for nanotechnology research.

"It's not about what we we’re in today. It's about what we're going to be," said Governor Cuomo.

Advanced Nanotechnology Solutions, Semetech, Atotech, IBM, Lam Research and Tokyo Electron are the companies that will work inside Nano-Utica.

The governor says the project is replicating the success nanoscience has seen across the state.

"I mean the Albany economy has been transformed and it was this economic juggernaut of nanoscience and it’s gone so well and we're now bringing it to Utica," said Cuomo.

The $125 million facility will have new clean rooms, laboratories, and training facilities. But the CEO of Advanced Nanotechnology Solutions says it's not just the equipment that will be the first of its kind.

"Nobody does this yet. It'd be nice to be the first company to really commercialize this technology," says Hector Ruiz, CEO of Advanced Nanotechnology Solutions.

Ruiz says what makes nanotechnology stand out is it's more than just a run-of-the-mill manufacturer.

"We're not just building a factory that's going to build millions of things at the cheapest cost. We're actually creating a leadership position in an industry that is very important to all the things in our lives like cell phones, cars, etc," Ruiz said.

"Rather than invest in a company like the state normally does, the state invested in a facility and in equipment," Cuomo said.

The governor and the companies involved in the project say not only will this create jobs, but it will have a tremendous trickle-down affect on the local economy.

"High tech manufacturing has multiplicative effects. If you're able to create 1,000 jobs, there could be 2,000-3,000 more jobs that are peripheral to it created," says Ruiz.

"You're writing a new future today and I really believe the best days are ahead and not behind," Governor Cuomo said.


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