1/17/2012 3:12:10 PM

Times Union: Cuomo budget includes $250 million for NanoCollege

Times Union

Gov. Andrew Cuomo’s budget proposal unveiled Tuesday includes $250 million for the University at Albany’s College of Nanoscale Science and Engineering – money that will go to fund his previously-announced $4.4 billion computer chip research initiative that includes the industry’s move to 450 millimeter wafers.

The governor’s $1 billion plan for Buffalo’s economy really boils down to $200 million in grants and tax breaks over the next two years. Cuomo’s proposal says the rest of the $1 billion will come from “other state programs.”

Cuomo’s budget also provides the state’s 10 regional economic development councils with an additional $200 million in grants and tax breaks to compete for against one another. Read More