Albany, NY (WIBX) - New York is open for business; that’s the message Governor Cuomo is telling New Yorkers, and the World, with the announcement that five International companies are vowing to invest $4.4 Billion over the next five years, helping to ignite the State's economy.

Intel, IBM, GlobalFoundries, TSMC and Samsung are the companies involved, they'll bring long term Research & Development facilities to Albany, Canandaigua, Utica, East Fishkill and Yorktown Heights.

Senior Vice President and Research Director, Dr. John Kelly III, says IBM continues to invest in New York because of its business climate and talent. "We will invest $3.6 Billion in the next several years, in New York State, to extend our leadership in semi-conductor technologies and in computing", he added.

Governor Cuomo says 450 new hi-tech jobs and nearly 400 construction jobs will be coming to Utica, with the creation of a new facility at SUNYIT in Marcy.