Investor Backs out of NANOCENTER

MAJOR BLOW TO CENTRAL NY ECONOMY!

MARCY - AMS is backing out of plans to build a $2 billion computer chip fabrication facility at the Marcy Nanocenter, a longtime-partnership with SUNY Polytechnic Institute.

Empire State Development, which took over oversight of the project after Alain Kaloyeros, the college's former president and CEO, was accused by state and federal authorities of bid-rigging related to his involvement in large economic development projects across the state, confirmed the news in a statement Friday.  A press conference was scheduled for 3pm today....more problems with COR and Kaloyeros.  Here is a link to the OD article.

http://www.uticaod.com/news/20161216/ams-pulling-out-of-marcy-nano