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GlobalFoundries is getting massive incentives to expand in New York State. The initial Saratoga Springs is just the first fab Cuomo has built for them. Curren
by neuromantik8086 9y ago
GlobalFoundries is getting massive incentives to expand in New York State. The initial Saratoga Springs is just the first fab Cuomo has built for them. Currently, they're building another fab in Utica that's intended to rehabilitate it after its Rust Belt woes.
Similarly, Tesla/Solar City received a huge number of economic incentives to build a factory in Buffalo.
Naturally, since this is NYS there's also been a fair bit of corruption:
[1] http://www.timesunion.com/local/article/Kaloyeros-in-fight-to-get-charges-tossed-11160539.php http://www.timesunion.com/local/article/Kaloyeros-in-fight-t...
I fully expect the state government to throw a bunch of incentives at Amazon as well for HQ2- there's a push in Rochester for someone to take over all of the Kodak/Xerox buildings after those two companies royally messed up.