Solstice Plans $49M Research Expansion in Buffalo, New York
What happened
Solstice Advanced Materials plans a $49 million expansion of its research facility in Buffalo, Erie County, which is an existing research operation. The company intends to expand research into advanced materials and chemical processes, with the goal of making Buffalo its main global research and development hub. The expansion is expected to create 12 jobs, adding to the current workforce of about 180 people.
From fingerlakes1.com
Why it matters
The expansion is designed to move specialty materials from laboratory research toward commercial uses, serving industries that depend on materials for applications like energy storage and semiconductor manufacturing. New York is offering up to $1.4 million in performance-based Excelsior Jobs Tax Credits to support the project.
From fingerlakes1.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New YorkSpeculative
The state might see increased investment in the advanced materials and chemical processes industry through the tax credits.
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The entities involved
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Solstice
(b. 1996)
Nothing else this week.
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Erie County
county in New York, United States