WXXI Local Stories
4:38 pm
Tue September 27, 2011

Cuomo Announces $4.4 Billion High Tech Investment

Albany, New York – Governor Cuomo says $4.4 billion dollars will be invested in high tech chip fabrication plants across upstate New York, and he predicts it will bring nearly 7000 jobs.

The Nano tech centers will be in Albany, Canandaigua, Utica, East Fishkill in the Hudson Valley and Yorktown Heights in Westchester, companies involved include IBM, Samsung and Global Foundries, as well as the State University of New York. .

Cuomo calls it a "really, really big deal".

He predicts 6900 new jobs will be created, with an average salary of $100,000 each.

The governor says there will be safeguards to make sure the jobs actually materialize, and he says New York beat out Europe, Asia, and the Middle East to win the investments.