5,000 jobs, $45B investment possibly headed to Marcy nano site

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

And the total investment over about a decade could reach $45 billion.

That’s right — billion — with a capital B.

For more than a decade, local officials have been grooming and marketing the 420-acre parcel to attract a computer chip manufacturer and the thousands of well-paid jobs such a plant would bring.

Now, that vision might be about to become a reality, according to state officials.

Under a new partnership with SUNY’s College of Nanoscale Science and Engineering, the state will work with Mohawk Valley EDGE and SUNYIT on the development of a manufacturing hub to serve the world’s leading high-tech companies.

The plan:

* As many as three computer chip fabrication plants with up to 8.25 million square feet of space could be built over the next decade.

* When all three plants, or fabs, are up and running, there would be at least 5,000 direct jobs and another 15,000 jobs indirectly related to the site near SUNYIT.

“The Marcy Nanocenter has the potential to transform the economy of the Mohawk Valley and position the region to become a global leader in the nanotechnology industry,” Lt. Gov. Robert Duffy said in a prepared statement.

Already, the College of Nanoscale Science and Engineering is spearheading an initiative that has attracted $4.4 billion in private investments in the state from five companies — Intel, Samsung, IBM, Global Foundaries and TSMC.

Some of those funds are at work today at SUNYIT, where a $125 million Center for Computer Chip Commercialization, known as Quad C, is under construction. That facility is expected to bring more than 900 jobs and is slated for completion in late 2014.

Now, the College of Nanoscale Science and Engineering, and its senior vice president and CEO, Alain Kaloyeros, are going to work with some of those same companies at the Marcy site.

EDGE President Steve DiMeo said news of the state’s commitment comes after years of “hard work” here in the Mohawk Valley, and called the state’s partnership and support “keys to ensuring the success of this transformational project.”

“We have remained focused and confident that this site would be developed and today’s commitment by CNSE to be the end user of this site is the validation of the hard work and tireless commitments by EDGE, state and key community stakeholders,” he said.

www.kingsburycolonial.com

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