The investment will go toward the expansion of IBM's operations at the College of Nanoscale Science and Engineering at the University at Albany, the creation of a new packaging research and development center at a new 120,000-sf to-be-determined location Upstate, and the upgrading of IBM's East Fishkill facility in Dutchess County. An IBM source tells GlobeSt.com that currently, IBM has 11,600 employees in Dutchess County, split between the East Fishkill facility--whose mission primarily is microelectronics research, development and manufacturing--and Poughkeepsie--where IBM mainframes and supercomputers are built. The source did not have current square footage of the East Fishkill facility available.
Gov. Paterson says in a prepared statement that "the positive effects of this critical investment will be felt for a generation, and will be the catalyst for other high tech business development throughout Upstate New York."
IBM has agreed to expand its operations at Albany NanoTech and the State will also provide $25 million to acquire state-of-the-art infrastructure and advanced semiconductor tooling at that location, resulting in the creation of 325 new research and development jobs. According to a statement, the new semiconductor packaging center at a to-be-determined location will be established, managed and owned by the College of Nanoscale Science and Engineering, with IBM conducting operations at that site. Rensselaer Polytechnic Institute will also be a research partner in the new packaging facility. It is expected this public-private partnership will ultimately create over 675 jobs. The IBM source could not tell GlobeSt.com where IBM is looking for sites, nor could they detail site conditions or specifics for a potential site at this time.
The IBM/State agreement will also help IBM retain more than 1,000 key semiconductor jobs at its East Fishkill plant in Dutchess County. The company has agreed to provide significant resources to upgrade that site with state-of-the-art technology. The State will additionally provide $65 million toward that effort. The IBM source says that upgrade specifics are still being decided at this point, but generally will consist of "continued integration of nano technology tools and manufacturing processes."
US Senator Charles Schumer says he is confident that the agreement "will have a major economic development and job impact on the Upstate economy for years to come."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
