November 21, 2013
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.
Andrew Cuomo and the College of Nanoscale Science and Engineering's CEO
Alain Kaloyeros announced the economic development plan this morning.
this is real," Kaloyeros said. "This is like the Yankees coming to
Buffalo. This is like the Bills winning the Super Bowl."
facilities will be built along the Buffalo River starting next year.
The six buildings will house energy research and development efforts.
site, called the Buffalo High-Tech Manufacturing Innovation Hub, will
enable businesses to locate there tax-free under Cuomo's START-UP NY
The announcement marks the state's largest investment for Buffalo's local economy - $225 million.
two California-based companies, Soraa and Silevo, are investing $1.5
billion to move their manufacturing operations into the new space.
month, Cuomo and Kaloyeros announced a $1.5 billion investment in
Utica, where six companies are preparing to set up shop for computer
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." Click here to read more on this story from The Buffalo News.