The President and CEO of Empire State Development was in Utica on Friday for a major economic development announcement.

Howard Zemsky was joined by state and local officials at the State Office Building to announce that Danfoss Silicon Power has entered into an agreement with GE to operate a chip packaging facility in Marcy, which will result in 300 jobs.

Zemsky says Danfoss will occupy the entire Quad C building on the SUNY Poly campus.

Claus Petersen, the Vice President and General Manager of Danfoss says they'll start moving into the building on Monday and hiring will begin next week. He says production at the facility is expected to start in about a year.

Zemsky says the state will be providing $100 million help Danfoss move in, including $30 million for equipment.

"With Danfoss' commitment to establishing state-of-the-art manufacturing operations in Utica, we are cementing New York's role as a leader in semiconductor research and development, while creating hundreds of good-paying jobs in the region," Governor Cuomo said. "This expansion is proof positive that we are attracting 21st century companies from across the globe to Utica, and leveraging next generation technology to foster the continued growth and success of Mohawk Valley communities for years to come."

Andrew Derminio, WIBX
Andrew Derminio, WIBX

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