IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 20 Aug 2015 | Removal date: open ended
Still in force

State aid, nes

New York Governor Andrew M. Cuomo announced on August 20, 2015 that ams AG, a multinational company that creates high performance sensor solutions and analog integrated circuits, plans to invest over $2 billion to support a wafer fabrication facility to be constructed at the Nano Utica site in Marcy, New York.
 
He also announced that GE Global Research will expand its New York global operations to the Mohawk Valley, serving as the anchor tenant of the Computer Chip Commercialization Center (QUAD C) on the campus of SUNY Polytechnic Institute's Colleges of Nanoscale Science and Engineering in Utica.
 
These public-private partnerships are part of the Governor's Nano Utica initiative. No public funds will be given to the companies, but the state of New York will invest $250 million at QUAD C and the Marcy Nanocenter to support equipment and infrastructure improvements at both locations. The state will own and manage these facilities through SUNY Polytechnic Institute.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

471 Electronic valves & tubes; electronic components; parts
8542 Electronic integrated circuits.
854231 Processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
854232 Memories
854233 Amplifiers
854239 Other
854290 Parts

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