Business Facilities - July 2008 - (Page 8)

CORPORATE MOVES New York By Bill Trüb Niagara Falls Powers Growth of Green Jobs will be a cornerstone for The Niagara Power Project’s hydropower facility New York to realize its goal of making the state a major center for production and research for renewable energy and, in particular, solar energy products.” Twenty-five percent of Globe’s upgraded silicon production from its new Niagara Falls facility will be used to n May, Empire State Development attract new solar panel manufactur(ESD) and the New York Power ers to New York state, thus spurring Authority (NYPA) announced an the development of the “green coleconomic development package for lar” industry in Western New York. Globe Specialty Metals in Niagara Globe will reopen the existing County, bringing 500 new “green Highland Avenue silicon produccollar” jobs to the area. The package tion facility in Niagara Falls and includes a major allocation of low- invest in upgrading the equipment cost hydropower from the Niagara to produce approximately 30,000 Power Project that will serve as the tons of metallurgical grade silicon linchpin for the reopening and annually. In addition, it will build a expansion of Globe’s manufactur- new 100,000-square-foot facility in ing facilities in Niagara Falls. Niagara Falls to annually convert its “This is another demonstration metallurgical grade silicon into of our resolve to revitalize economic 4,000 tons of solar grade silicon, development in Upstate New enough to produce 500 York,” says New York Governor megawatts of solar power. David Paterson. “This project sigESD and NYPA created nifies how powerfully competitive an incentive package that New York State can be in attracting provides Globe with 40 businesses when we pool our megawatts of hydropower resources—in this case, low-cost over five years and up to hydropower through NYPA and an $25 million in Empire Empire Zone incentive through Zone benefits for up to 10 Empire State Development.” years. The company will Alan Kestenbaum, chairman and provide a capital investment CEO of Globe, says, “This project of $60 million. JULY 2008 Medical Center Expands, Quickens Rochester’s Pulse E Rochester I arlier this year, the University of Medical Center announced a strategic plan that calls for a $500 million investment over the next five to 10 years. The plan proposes the construction of a Clinical and Translational Science Building to house research and training programs, in addition to a $259-million expansion of Strong Memorial Hospital, a 52,000-square-foot, off-campus ambulatory surgery center. The economic impact of the plan will include 771 new jobs at the medical center, 1,000 permanent jobs in the community, and an average of 1,400 construction jobs per year associated with various projects through 2015. The plan’s medical focus includes investment in the research of stem cell and regenerative medicine, biomedical imaging, and genomics, among others. Research funding for the medical center is estimated to increase by $50 million over current levels as a result of these new investments. Rendering of the new Clinical and Translational Science Building at the University of Rochester Medical Center PHOTO CREDIT: NIAGARA POWER PROJECT; GREATER ROCHESTER ENTERPRISE 8

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Business Facilities - July 2008 Contents First Word Snapshots Corporate Moves: New York The 2008 Business Facilities Rankings Report 2008 Rankings: Biotech Blasts Off 2008 Rankings: Green with Envy 2008 Rankings: Warm Climate for Business Nanotech Looms Large in Pennsylvania Metro Spotlight: Inland Empire, CA Food Processing Sites: Providing Sustenance as Well as Nutrition Sale-Leasebacks: Easing the Credit Crunch Corporate Moves: Georgia Metro Spotlight: Albuquerque, NM Advertiser Index Inside LiveXchange

Business Facilities - July 2008

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