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New York State to build high-tech manufacturing complex

Staff writer ▼ | November 27, 2013
Governor Andrew M. Cuomo announced that as part of his Buffalo Billion initiative, New York State will build a state-of-the-art anchor hub facility for high tech and green energy businesses at RiverBend in the City of Buffalo.
Buffalo
BuffaloGovernor Andrew M. Cuomo announced that as part of his Buffalo Billion initiative, New York State will build a state-of-the-art anchor hub facility for high tech and green energy businesses at RiverBend in the City of Buffalo.


Two California-based companies at the forefront of the clean energy revolution, Soraa and Silevo, will collectively invest $1.5 billion into the project and relocate major parts of their operations to the Buffalo High-Tech Manufacturing Innovation Hub at RiverBend from California, creating 850 permanent jobs and at least 500 construction jobs and attracting additional manufacturing companies to the site. RiverBend, formerly Republic Steel, is a 90-acre site that is ready for development.

"Under the largest investment in our Buffalo Billion initiative, we are building a state-of-the-art campus to house high-tech and advanced manufacturing companies that will create hundreds of jobs and leverage over a billion dollars in private investment for Western New York," said Governor Cuomo.

Soraa is a California-based manufacturer of green LED lighting with the highest efficiency on the market. The company will relocate its corporate R&D and manufacturing operations to RiverBend, investing $750 million and creating 375 jobs. Silevo is a California-based company that develops and manufactures silicon solar cells and modules, with an already established manufacturing plant in China.

Phase 1 of Silevo's project, with a $750 million investment which will create at least 475 jobs, involves a 200 megawatt production facility sole establishing its sole North American manufacturing operations at RiverBend.

New York State will invest $225 million in Empire State Development (ESD) capital to establish infrastructure at the site including water, sewer, utility and roads; construct 275,000 square feet of facilities for Soraa and Silevo; and purchase and own equipment. Neither company is receiving direct funding from the State's $225 million investment.

Additional facilities will be built over time to accommodate new manufacturing companies operating in the field of biotech, high tech and green energy. The facilities and equipment will be owned by the State University of New York (SUNY) Research Foundation. SUNY Buffalo will also benefit from the partnership and contribute to the project's future growth.


 

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