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A Samsung plant in Genesee County? NY, federal incentives could play a role


New York State Team
New York is hoping to lure a $17 billion Samsung facility to rural Genesee County, but it would likely take hundreds of millions of dollars or more in federal, state and local tax incentives to make it happen.
The Wall Street Journal reported last month that Samsung is scouting sites in Arizona, Texas and New York for a manufacturing plant. It was followed by Senate Majority Leader Chuck Schumer pleading with the firm to build a factory in the town of Alabama and bring 1,900 jobs to the outer suburbs of Rochester and Buffalo. 
I stand ready to help Samsung harness all that the federal government has to offer to continue to lead the tech industry and position New York as a global hub of semiconductor manufacturing,” the senator said in a prepared statement. ....

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Samsung Electronics Might Build A Multi-Billion Dollar Chip-Manufacturing Plant In Genesee County


If they move forward with Genesee County as their location, they would break ground in the Western New York Science and Technology Advanced Manufacturing Park (WNY STAMP).
Officials at WNY STAMP say that the location would provide “low-cost hydropower, sites, utilities and talent that are ready for advanced manufacturing and modern business operations.”
Greater Rochester Chamber of Commerce President and CEO Bob Duffy released a statement, saying:
“The Finger Lakes Regional Economic Development Council has been proud to support the Western New York Science and Technology Advanced Manufacturing Park (STAMP) as a regional priority. We have worked to secure funding to ready this site for largescale projects, and are grateful to Governor Cuomo for contributing $50 million to infrastructure investments. As a result of the Governor’s support, the STAMP site has access to crucial resources such as a strong workforce, energy availability, and an ability to accommodate ....

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