NYSEDC's 900 members work to build vibrant, diverse, and sustainable communities throughout New York State.

 
 
globalFoundries
Featured Project:
GLOBALFOUNDRIES Fab 2

$4.2 Billion dollar leading-edge semiconductor manufacturing facility located at the Luther Forest Technology Campus in Saratoga County, NY. Construction of the facility is expected to require approximately 5 million man hours, supporting over 1,600 jobs and with the potential for an additional 2,700 jobs through economic multipliers. The project will create approx 1,400 new direct semiconductor manufacturing jobs once full scale production is achieved, with an average annual salary of $60,000 and an estimated annual payroll of more than $88 million. The project is expected to create an additional 5,000 indirect jobs in the region with a sustained estimated total payroll for both direct and indirect jobs of $290 million dollars per year.

 
Interactive:
Map of New York's Assets

New York's regions have many important human and physical economic development assets, including world class economic and workforce development organizations, technology transfer offices, leading colleges and universities, and much more. Discover these assets through the NY Asset Map.

Latest News

August 4: The Buffalo News
Buffalo on ‘Rise of the Rest’ radar

August 3: Lockport Union-Sun Journal
Pizza log producer's low-cost power OK'd

July 31: CNY Business Journal
Downstate firm to redevelop two vacant, former Endicott-Johnson buildings

July 31: Press Connects
Public finances 85% of MMC project

July 28: Democrat and Chronicle
Bausch + Lomb gets $973,000 from RG&E

July 27: New York Post
$4B LaGuardia plan unveiled: ‘Tear it down and rebuild it’

May 24: Ithaca.com
Expanding the Guitar Parts Business

August 2015

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List of Upcoming Events

When: 08/18 12:00 pm – 08/19 12:00 pm