Did you know there’s a plan to put a giant science and tech park in Genesee County that backers say has the potential to create 30,000 jobs?
The mega-site is called STAMP – short for Science Technology Advanced Manufacturing Park.
The STAMP site has great potential to transform Western New York into a high-tech/clean-tech hub of manufacturing similar to Luther Forest in Saratoga. After five years with $1.5 billion in private investment, over 2,000 jobs will be created onsite and about 5,500 regional supply chain jobs will be leveraged. Full build-out of the STAMP site is expected to be 15 to 20 years out, but will bring in $10 billion in private capital investment and employ over 10,500 workers directly, 30,000 supply chain jobs and 2,839 construction jobs across both the Buffalo and Rochester metro areas.
Folks, this is way bigger than yogurt.
Economic development officials think they can leverage low cost power and huge amounts of land to attract high tech companies. STAMP is one of the priority projects for the Finger Lakes Regional Economic Development Council. The estimated cost to develop the site is $250 million. The Buffalo News reports:
Steven G. Hyde, president and CEO of the Genesee County Economic Development Center, said plans for the park are in their sixth year. “This isn’t a pipe dream that just started yesterday. This is real and has lots of potential.”
While semiconductor chip manufacturing is a prime target for STAMP, it is not the only high-tech industry that would be a good fit, Hyde said, mentioning solid-state lighting and photovoltaic products as two others.
Competing for such coveted plants requires a massive, available site like STAMP with some infrastructure, Kucharski said. These types of companies want access to a large labor pool like Buffalo and Rochester can offer, but also want to build on a low-vibration “greenfield” with ample room to expand; Kucharski said the STAMP site meets those criteria.
It seems Eastman Business Park and STAMP have the same goals. EBP has more going for it in terms of existing infrastructure and proximity to workers, transportation and the airport. EBP may not be a “greenfield,” but it’s just as large. EBP, which is also a Finger Lakes council priority, will almost certainly require gobs of tax dollars to modernize. Why not shift STAMP there? Why are we going to spend millions of both sites? Both will compete for the same tax dollars and tenants.
This seems like industrial sprawl.
Links of the Day:
– The “elder statesman” of the Sabres, who helped bring the team to Buffalo, has died.
– Let’s remember this holiday season how little retail workers are paid. There are good reasons they should be paid more.