September 13, 2013

Deal for a computer chip site near Utica

By: Associated Press

Source: Wall Street Journal

UTICA, N.Y. — The SUNY College of Nanoscale Science and Engineering says it will lead the development a computer chip manufacturing site near Utica.

Under a deal announced Thursday, the NanoCollege will lead development of the Marcy Nanocenter site by serving as the site end user. It will partner with Mohawk Valley EDGE, the economic development group that has been marketing the site.

New York state and private partners are poised to make a $10 billion to $15 billion investment in the chip fabrication site in Marcy.

For more than a decade, local officials have been marketing the 420-acre parcel to attract a computer chip manufacturer. But the U.S. Army Corps of Engineers has been unwilling to issue a federal wetlands permit for the site because there has been no company yet to name as the end-user of the site.

The new deal resolves that issue