General Electric Comes Back to Utica, and Brings Jobs Along With It - The New York Times

Well the state built the fab for a reported $250M (so far) and the state will probably buy the equipment or pay a lot towards it. And the state is agreeing to build a brand new 200mm fab and buy/install equipment for AMS in Marcy.

So the answer is "a shitload" and it is a terrible deal for taxpayers. There is absolutely nothing cutting-edge here. There is nothing "nano" here. This is packaging and trailing edge sensor technology. The Marcy site is a failure. The state has been advertising it forever as "capable of holding three 450mm fabs!" And after all that investment they only get a small-potatoes tenant once they agree to pay for everything themselves. What a joke.

The state loves throwing around the buzzword nano - I mean did everyone not notice the whole insane statement following Ron Perlman's production company announcement? "In accordance with Governor Andrew M. Cuomo’s blueprint for nanotechnology-driven economic growth through the establishment of a globally recognized, high-tech film industry in Central New York, SUNY Polytechnic Institute today proudly announced that Golden Globe Award winning television and movie actor Ron Perlman will locate his film production company at the Central New York Hub for Emerging Nano Industries." What on earth? Nanotechnology through... film industry? What the fuck is this?

And our journalist class, being nothing but professional stenographers to the politico-nano complex powers-that-be don't do any kind of digging to the truth. They'll let elected officials and self-stylized University "CEOs" do nothing but lavish each other with praise about how great they both are and also, too "nano!"

Where is Utica going to find these several thousand engineers who want to move there? Where does the state get this "$91k average salary" figure? "Nano Utica" is now 8 months late, and where are the FOIA requests to back up the statements our officially are publicly selling here? Why is the press not holding our officials to the fire? We just had a huge public giveaway to a foreign company (AMS) and there was literally zero public debate or post-announcement concern.

The whole way the state runs this bullshit "nano" lie is an abomination and the people are just letting them get away with it for reasons completely unknown to me.

/r/Albany Thread Parent Link - nytimes.com