As part of an agreement made with New York State and five leading international technology companies, Gov. Andrew Cuomo announced on Tuesday that 950 high-technology jobs would be coming to the lower Hudson Valley. The positions, which will be out of IBM’s East Fishkill and Yorktown offices, will assist in the development of the next generation of computer chip technology.
An additional 1550 high-tech positions will be created in Albany, Canandaigua and Utica as well as nearly 2000 construction jobs. The agreement will keep 2,500 existing jobs in the area.
The technology companies, Intel, IBM, GLOBALFOUNDRIES, TSMC and Samsung, have agreed to invest $4.4 billion in New York State, instead of with countries in Europe, Asia and the Middle East, who were also competing for the contract…
“Obviously, nobody will be happier than me when these jobs actually come to my district,” said State Senator Greg Ball. “But I am cautiously optimistic today, and will fight to set a high and permanent standard that this widely acclaimed ‘deal,’ and these taxpayer investments, actually create American jobs, in New York.”
“As a community we are all starving for good economic news and this seems to be a real shot in the arm, especially for my district,” Ball added. “We need real jobs. My fear, and it is just an initial reaction given previous history, is that many of these large multinational corporations, and especially IBM, have a track record of grabbing taxpayer dollars while outsourcing American jobs. We really need to focus as a State on the small and new businesses that create the lion’s share of jobs while having a real and lasting commitment to the community.”
The investment in the state is made up of two projects. The first project, which will be led by IBM and its partners, will focus on making the next two generations of computer chips. These new chips will power advanced systems of all sizes, including, among other things computers and national security applications. This new commitment by IBM brings its total investment in chip technology in New York to more than $10 billion in the last decade. (READ MORE)