Ranzenhofer requests State investment in STAMP project

 

Seeks $9 million for next 2 years to move project forward


 


State Senator Michael H. Ranzenhofer has written to Governor Andrew M. Cuomo, requesting his continued support in the form of a $9 million investment in the STAMP project for each of the next two years to bring the project to Shovel-Ready-Lite status. 


“Support is now needed in the form of a funding commitment to complete the process needed to bring this site to Shovel-Ready-Lite status. Over the next several years, this is anticipated to require funding of $20 million. The 2011-12 SFY Budget has already committed $2 million to this project,” said Senator Ranzenhofer. “A commitment for an additional $9 million per year over the next two fiscal years to assure timely Shovel-Ready-Lite status will allow immediate marketing of the STAMP site to national and international tech companies to expedite the successful build out of this project.”


The STAMP project has the potential to create up to 10,000 high-paying jobs at full development, in addition to jobs created during construction and development of the site, and up to $2.5 billion in private investment.  In the letter to Governor Cuomo, Senator Ranzenhofer also noted the possible economic benefits to residents beyond the Buffalo and Rochester regions.


“This project, with its offer of advanced manufacturing, is the only one of its kind in Western New York. In fact, we believe that it is the only remaining available Mega-site in New York State.  It provides the legitimate promise of a significant private investment and thousands of desperately  needed high paying jobs for the residents of the Buffalo and Rochester areas as well as all the residents of the region including Erie, Monroe, Niagara, Genesee, Orleans, Livingston and Wyoming Counties.”


Senator Ranzenhofer forwarded copies of the letter to Senate Majority Leader Dean Skelos, Speaker of the Assembly Sheldon Silver, Genesee County Legislature Chair Mary Pat Hancock, Empire State Development Corporation President and CEO Kenneth Adams and Genesee County Economic Development Center President and CEO Steve Hyde.


The Science and Technology Advanced Manufacturing Park (STAMP) is a 1,243 acre mega-site modeled after the Albany-area’s Luther Forest development.  Located in the Town of Alabama, the site is strategically ideal due to its access to three high-level electric transmission circuits, close proximity to the Empire pipeline – a 24 inch natural gas line– and only five miles distance from the New York State Thruway. 


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