4/25/2014 8:10:01 PM

The Business Review: Albany Nanocollege to attract 1,000 jobs through Start-Up NY program, 750 in Albany

The Business Review

The College of Nanoscale Science and Engineering is finalizing contracts with 8 to 10 companies through the state's Start-Up New York tax incentive program.

The first company, a local information technology business, should be announced in two weeks according to Alain Kaloyeros, senior vice president and CEO of the Albany Nanocollege.

"The company was planning to leave New York and we convinced them to stay," Kaloyeros said.

Kaloyeros said the nanocollege is negotiating with international companies, some of which already have operations in other states. Talks also involved some global companies that are looking to establish a presence in the U.S.

Kaloyeros projected the new companies will bring about 1,000 jobs to New York, 750 of them will be in Albany.

He described the jobs as high-tech and high-paying. Kaloyeros said those are exactly the type of jobs that Gov. Andrew Cuomo is looking to attract through the Start-Up New York program.

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