STAMP investment grows in Western NY
The Company’s investment in the Science Technology and Advanced Manufacturing Park (STAMP) in the town of Alabama in Genesee County now stands at $1.5 million. Since 2007, the company has worked with the regional economic development center, which is developing the site and marketing it as a prime location for nanotechnology and advanced manufacturing. The site features 1,250 acres and was recently allocated $33 million in the 2014-15 NYS budget. The funding will go towards pre-construction engineering, sewer and water lines, and other utility hook-ups and infrastructure enhancements. According to forecasts, STAMP has the potential to generate $30-$50 billion in investment and employ up to 10,000 workers on-site.