A press conference has just concluded at SUNY IT in Marcy where 'Nano Tech Utica' was unveiled with the investment of $1.5 (b) billion into the project and a predicted 1000 jobs on the way.

"500 jobs was phase one, 1000 jobs we announced today, we're at 1500 jobs and the industry is just starting," said Governor Andrew Cuomo.

Stay tuned for more details.