IBM chip plant to be built in Dutchess County.Governor George Pataki George Elmer Pataki (born June 24, 1945) is an American politician who was the 57th Governor of New York serving from January 1995 until January 1, 2007. He is a member of the Republican Party and was seen as a possible 2000 and 2008 Presidential candidate. and Louis V Louis V, king of France Louis V (Louis the Sluggard), c.967–987, last French king of the Carolingian dynasty; son of King Lothair. His father had him crowned in 979, but he did not become king until Lothair's death in 986. . Gerstner, Jr., chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , have announced the largest industrial investment in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Stale history - $700 million - to build the world's most advanced computer chip development facility at the Hudson Valley
The Hudson Valley refers to the canyon of the Hudson River and its adjacent communities in New York State, generally from northern Westchester County northward to the cities of Albany and Troy. Research Park in East Fishkill in Dutchess County, NY, creating 400 new jobs. At the same time, IBM Credit Corporation, will permanently locate 800 employees at their building in North Castle, NY, and create another 150 new jobs there. In addition, IBM will also establish a Global Services Support Center in East Fishkill, creating 200 new jobs. "After the 1994 election, one of the fast calls I made was to IBM and let Lou Gerstner know that the way New York State does business was about to change in a big way and that we very much wanted IBM to join us as a private sector partner," Governor Pataki said. "This set the tone and sent a signal around the globe that New York was open for business once again." "IBM responded to this historic change by building its new world headquarters in New York," the Governor said. "Today that commitment goes far beyond anyone's imaginings imaginings Noun, pl speculative thoughts about what might be the case or what might happen; fantasies: lurid imaginings three years ago with IBM's decision to make the largest industrial investment in New York State history with its $700 million chip facility, which will lead the rapidly changing high-tech industry into the next century." Chairman Gerstner said, "While these jobs and facilities could have been located anywhere, Governor Pataki's leadership and his team's commitment to improve the business environment cemented our decision to expand in New York State." IBM's Microelectronics Division will site its next generation 12 inch (300mm) diameter semiconductor development facility in Building 323 at the Hudson Valley Research Park (HVRP HVRP Homeless Veterans' Reintegration Program ). The current industry standard technology is 8 inch (200mm) silicon wafers. Computer chips are manufactured on flat silicon wafers containing hundreds of chips. By making this change, IBM will be able to drive down production costs, and position itself among the leaders in the semiconductor industry. The first chips are scheduled for production in late 1999. The 1,390 employees at IBM's Advanced Semiconductor Technology Center, already working at HVRP, will utilize the new 300mm standard in their work. In addition, 400 jobs will be created at the new chip facility. IBM Credit Corporation, which had been exploring several location options, will now re-use its parent's former headquarters in North Castle, which closed in September when IBM moved into its new $75 million headquarters on its corporate grounds. This consolidation will permanently locate 950 employees in North Castle. IBM also announced that it would establish a Global Services Support Center at HVRP. IBM's Global Services, with operations in 164 countries, is the world's leading provider of professional and network services. The consolidation will bring 200 employees to East Fishkill and make room for 200 new hires. Charles A. Gargano, Chairman of Empire State Development Corporation (ESD (1) (Electronic Software Distribution) Distributing new software and upgrades via the network rather than individual installations on each machine. See ESL. ), which worked with IBM in bringing the new facility to New York, said, "Today is a high-water mark for Governor Pataki and business in New York State. It proves when you have the commitment from government to change the business climate, businesses large and small respond." In consideration of its commitment to New York State, IBM is eligible to receive up to $13 million in grants for employee training and capital costs for the three projects from ESD's JOBS NOW fund, sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. abatements valued at $8.8 million for capital costs, and property tax abatements valued at $6 million. The State Department of Transportation (DOT) is providing $3.5 million in roadway improvements in East Fishkill through its Industrial Access Program. |
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