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For Release — September 27, 2011

Business Council statement on international tech group's $4 Billion investment in New York

ALBANY— “By instilling confidence and collaborative innovation with industry leaders, Governor Cuomo is again demonstrating that New York is open for business.

Today's announcement could not have occurred without a commitment to work with businesses and a sustained investment in intellectual capital. The investment of $4.4 Billion marks a significant dedication of resources by the world's leading high technology manufacturers in New Yorkers.

Today, we have strengthened our competitive advantage and opened the door to new opportunities in the future. New York must continue to be vigilant in its efforts to spark new innovation, while reducing the barriers to additional investment, with the hope of securing a 450 mm chip fabrication facility.”

Heather Briccetti, acting-president and CEO of The Business Council