Senators Skelos, Ranzenhofer announce $2 million in funding for STAMP site
While site approval continues with town of Alabama, infrastructure investments to make site shovel ready remain ongoing
Batavia, NY – New York State Senate Majority Leader Skelos and New York State Senator Ranzenhofer were joined by various local and state officials, including Empire State Development Finger Lakes Region President, Bob McNary and Assemblyman Steven Hawley to announce a two million grant for ongoing infrastructure improvements at the Science Technology and Advanced Manufacturing Plant (STAMP) site in the town of Alabama, NY. The funding will be used towards land acquisition, design and construct of roadways, electrical and water services to accommodate the first one million square feet of the physical structure.
Senate Majority Leader Dean G. Skelos said, “STAMP is integral to our state’s efforts to attract the next wave of high-tech companies and the high paying jobs they bring. This $2 million state investment will continue the progress already being made to ready the site which, once completed, will make Western New York a leader in advanced manufacturing. I thank Senator Ranzenhofer for his continued commitment to making STAMP a reality.”
State Senator Michael H. Ranzenhofer said, "I am pleased to announce a $2 million state grant for the Western New York STAMP project. While being used for infrastructure improvements, this critical funding will help to further the process of turning the vision of the STAMP project into a reality. Today, we are one step closer to ensuring that the latest generation of advanced manufacturing occurs in Genesee County, instead of overseas or in other states. This critical funding will serve as a smart, long-term investment for our region that will pay dividends in the form of good paying jobs and enticing more companies to make investments in our community."
“We are extremely grateful to Majority Leader Skelos and Senator Ranzenhofer, but some might be asking why we are proceeding with securing funding without all of the approvals from the town of Alabama,” said Steve Hyde, president and CEO of the Genesee County Economic Development Center. “It really boils down to the risk of not having the site shovel ready as we need to be able to market and promote a site as companies begin to prepare to make decisions to build semiconductor facilities over the next 3 to 5 years. We are confident that by working collaboratively with the town of Alabama, that we can get all of the approvals necessary to bring a potential game changing economic development project for Western New York and the Finger Lakes regions.”
STAMP is a 1,300 acre mega-site dedicated to advanced manufacturing and modeled after Luther Forest/Global Foundries in Saratoga Springs. According to GCEDC officials, STAMP is a regional transformational project that is projected to create over 9,000 jobs in Genesee County, but also projected to create over 17,000 jobs between Buffalo and Rochester.
"The $2 million grant committed to GGLDC will give the Town of Alabama the resources it needs should it decide to move forward with the STAMP project,” said Assemblyman Stephen Hawley. “This represents a fundamental change in the way that business is conducted in state government, where our local needs have been largely ignored for far too long."
“I congratulate Senator Ranzenhofer, Senator Skelos, and other state leaders, who have recognized that we, in Genesee County, have the location of one of the most highly attractive Nano-Tech manufacturing Sites on the globe,” said Mary Pat Hancock, chairwoman of the Genesee County Legislature. “Without infrastructure and development, it would remain dormant. It takes the collaboration and combined vision of all levels of government to awaken all the potential of this Science and Technology Advanced Manufacturing Park. We appreciate the vision and the practical support that this financial catalyst brings to STAMP. It will give the necessary infrastructure a great beginning. The seeds have been planted, ad in good ground.”
“The Town of Alabama is appreciative of the funding that Senator Skelos and Senator Ranzenhofer have secured to help the GCEDC fund Phase III of the STAMP project,” said Dan Mangino, Supervisor of the Town of Alabama. “While the GCEDC continues to secure state dollars to move the project forward the Town of Alabama is working in parallel to conduct due diligence; exploring the sentiments of the residents prior to making a decision on re-zoning.”
About the Genesee County Economic Development Center (GCEDC):
The GCEDC is the primary economic development agency in Genesee County, NY. The GCEDC’s mission is to assist local economic development efforts by serving in a conduit financing capacity enabling the issuance of taxable and non-taxable debt to benefit the growth, expansion, on-going operations and continued viability of for profit business enterprise in Genesee County thereby helping to maintain a sustainable long-term economy. The Batavia/Genesee County region has been recognized for eight consecutive years by Site Selection Magazine as a top ten micropolitan in the United States and is rated number three by Business Facilities Magazine as a top metro area for food processing and manufacturing growth.