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Budget deal means $33 million locally
Rochester, N.Y. A detail revealed in the 2014-2015 state budget could mean major economic changes for Western New York.
$33 million are being allocated for the Science, Technology & Advanced Manufacturing Park (STAMP) located on 1,200 acres of unused farm land near Batavia.
STAMP is part of a Genesee County economic development project, described by the Economic Development Center as a shovel-ready site developed to support large scale SEMI and Nanotechnology based research and manufacturing.
Its something weve worked on for a number of years, said Assemblyman Joseph Morelle (D), when asked about the allocation at a Saturday news conference. It could bring as many as 10,000 jobs to the Western New York.
Morelle added the $33 million will be used for real-estate and infrastructure development.
This is a very big opportunity for our region, he added. Were continuing to work with experts in the field of advanced manufacturing and talking to large manufacturers about coming here.
Mark Peterson, President and CEO of Greater Rochester Enterprise also voiced enthusiasm for the STAMP allocation in the budget.
We have taken a critical step toward transforming the economies of both Rochester and Buffalo, Peterson said in a statement to 13WHAM. STAMP is a mega site that will now have the infrastructure necessary to attract major, multi-billion dollar nanotechnology companies to our region.
The final state budget is expected to receive a vote on Monday.