November 21, 2013

Nanocollege model headed to Buffalo with high-tech hub

By: Haley Viccaro

Source: The Business Review

First it was Utica, now Buffalo is getting a piece of the Albany nanocollege.

Two leading clean energy companies from California are moving to the Buffalo area, where they plan to create more than 850 jobs.

Gov. Andrew Cuomo and the College of Nanoscale Science and Engineering's CEO Alain Kaloyeros announced the economic development plan this morning.

"Folks, this is real," Kaloyeros said. "This is like the Yankees coming to Buffalo. This is like the Bills winning the Super Bowl."

Manufacturing facilities will be built along the Buffalo River starting next year. The six buildings will house energy research and development efforts.

The site, called the Buffalo High-Tech Manufacturing Innovation Hub, will enable businesses to locate there tax-free under Cuomo's START-UP NY program.

The announcement marks the state's largest investment for Buffalo's local economy - $225 million.

The two California-based companies, Soraa and Silevo, are investing $1.5 billion to move their manufacturing operations into the new space.

Last month, Cuomo and Kaloyeros announced a $1.5 billion investment in Utica, where six companies are preparing to set up shop for computer chip research.

During an event in Albany following the Utica announcement, Kaloyeros sought to reassure Capital Region business executives that he is not abandoning the region while focusing on economic development efforts with Cuomo across upstate.

"We perfected the model," Cuomo said. "That's what the Albany area is all about."

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