New York will invest $500 million to bring this company to upstate, or $814,000 per job

September 23 2019

A nanotechnology company announced Monday it will invest $1 billion to build a manufacturing facility at a struggling high-tech plant in Utica — aided by $500 million in incentives from New York state.
Cree, Inc., based in Durham, N.C., said it will build the "world’s largest silicon carbide fabrication facility" at the SUNY Polytechnic Institute's Marcy nanoncenter in central New York.