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.

 
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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 25: Union Sun & Journal
Plant expansion completed at 140-year-old Gooding Co.

August 25: Finger Lakes Times
Ribbon cut on Keuka’s first new building in 40 years

August 24: Buffalo Rising
Trico Reuse Project Receives ECIDA Boost

August 22: The Batavian
Ranzenhofer lauds approval of STAMP funding

August 22: Forbes
This Governor Is Betting On Entrepreneurs To Give His State A Chance At Rebirth, And I Like His Odds

August 17: Innovateli
A new LI manufacturing era … by Royal decree?

August 2016

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List of Upcoming Events

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When: 01/24 1:00 pm – 01/26 12:00 pm