September 12, 2013

Partnership to develop Marcy Nanocenter announced, could create 5,000 jobs

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Source: CNY Central

MARCY -- The SUNY College of Nanoscale Science and Engineering (CNSE) and Mohawk Valley EDGE announced an expanded partnership Thursday in which CNSE will lead development of the Marcy Nanocenter site by serving as the site’s end user.

The potential full build-out of the Marcy site, according to a media release, would include up to 8.25 million square feet of facilities, with total public and private investment of $10 billion to $15 billion for each phase of development, and the creation of approximately 5,000 direct jobs and approximately 15,000 indirect jobs.

A spokesperson says the partnership is in accordance with Governor Andrew Cuomo’s plan for growing nanotechnology industry jobs, companies, and investment across the state. It’s designed to accelerate the attraction of next-generation 450mm computer chip manufacturing to the Mohawk Valley through a public-private partnership model.

"The Marcy Nanocenter has the potential to transform the economy of the Mohawk Valley and position the region to become a global leader in the nanotechnology industry," said Lieutenant Governor Robert J. Duffy.

With the Marcy Nanocenter site, CNSE will lead development of a full-scale manufacturing facility to serve the leading high-tech companies.

The CNSE is broadening its partnership with Mohawk Valley EDGE and SUNYIT to further a 2011 agreement by Cuomo to establish the G450C at CNSE. A spokesperson says the $4.8 billion G450C brought together five leading global high-tech companies as part of a development environment that will enable a cost effective and timely transition from the current 300mm wafer technology to the new 450mm technology.

According to a media release, the approval of two submitted permit and plan applications would enable site development and infrastructure improvements that are required before CNSE can move forward with plans for initial phases of development.

CNSE and EDGE say they expect that one of the permits will be approved within the next few months.