IBM to bring 500 new jobs to Buffalo

[hrmjustin]

By Tom Precious | News Albany Bureau

ALBANY – IBM is committing to bring 500 jobs to a new, 100,000-square-foot, state-owned computer information technology center in Buffalo to train future and current industry workers and to create cutting-edge software for energy, health, defense and other industries, Gov. Andrew M. Cuomo plans to announce today.

Big Blue, as IBM sometimes is known, has also agreed to bolster a separate – though likely linked – endeavor by becoming the first corporate technology member of the recently announced New York Genomic Medicine Center, a $100 million new partnership between a genome research facility in Manhattan and the University at Buffalo’s center for computational research, according to Cuomo administration officials.

Some details of the announcement were provided to The Buffalo News on Sunday.

The new facility to house IBM, and what the state hopes will be other private sector companies involved in the expansive field of information technology services, is expected to open in downtown Buffalo in early 2015. Officials said a precise location for the new site downtown has not yet been finalized.

http://www.buffalonews.com/city-region/development/ibm-to-bring-500-new-jobs-to-buffalo-20140224

[shenmue]

1. Good news

I hope they do that in other places as well.

[hrmjustin]

2. They were cutting them in the Hudson Valley. My cousin still has his job but it is always touch and

go.

[shenmue]

5. Uh-oh

Too bad then.

[hrmjustin]

6. They were actually bringing in foreign nationals here to take over those jobs.

[Little Star]

3. Will they be eligible for that pay no taxes for 10 years deal or...

is that only for small businesses?

[hrmjustin]

4. I think that is new businesses in the state but they probably will get tax breaks to open

up their new office in Buffalo.

[BlueStreak]

9. The article implies free rent and some guaranteeing of revenue streams by the state

although it doesn't state it in black and white. You can bet that IBM got plenty of incentives to do this. I do hope that Cuomo insisted that deal include terms that will result in real New Yorkers actually getting those jobs. Given half a chance, IBM (and any other big corporation) would grab the money and then fill the jobs with the cheapest offshore labor they can find.

[hrmjustin]

11. Remember that IBM brought in foreign nationals to take over IBM jobs.

Don't count on Cuomo for anything.

[HappyinLA]

7. Good news

for my hometown. Hope it leads to more businesses coming to town.

[hrmjustin]

8. I hope so as well.

[BlueStreak]

10. The article implies free rent and some guaranteeing of revenue streams by the state

although it doesn't state it in black and white. You can bet that IBM got plenty of incentives to do this. I do hope that Cuomo insisted that deal include terms that will result in real New Yorkers actually getting those jobs. Given half a chance, IBM (and any other big corporation) would grab the money and then fill the jobs with the cheapest offshore labor they can find.