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IBM, New York State reach deal to keep thousands of jobs

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Albany/HV: IBM, New York State reach deal to keep thousands of jobs
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STATEWIDE -- IBM has reached a deal with the New York State to keep 3,100 high-tech jobs in the Hudson Valley and surrounding areas.

Gov. Andrew Cuomo said the company has agreed to increase its minimum job commitment to the state by 750 jobs, and maintain all jobs through at least the end of 2016.

Cuomo's big jobs announcement is part of a joint investment the state and IBM are making in the nanotechnology field.

"IBM is the right partner to have they're a great New York corporation they're a great international partner," said Cuomo.

Hundreds of other jobs will also added around the state, but the impact of this announcement is really being felt in Dutchess County.

"We recognize IBM as the largest private-sector employer and how important their presence and their stable presence is not only in the county but also for the individual employees," said Dutchess County Executive Marcus Molinaro.

The agreement between IBM and SUNY College of Nanoscale Science and Engineering calls on the company to maintain more than 2,300 jobs statewide, along with addition of 750 jobs in its semiconductor plants.

"We appreciate them being here and we appreciate the jobs they provide for our residents," said Town of Poughkeepsie Supervisor Todd Tancredi.

The Dutchess County executive says saving and adding jobs is crucial, especially after IBM laid off nearly 700 employees at its two main Dutchess County locations.

"And this announcement will allow our efforts to continue to grow other private sector jobs and to incentivize other job creation in the region," said Molinaro.

According to Cuomo, IBM will create 500 new jobs in Buffalo as part of the $55 million Buffalo IT Innovation and Commercialization Hub.

"They are just a big win for us and big win for IBM having them as the anchor tenant in this project," said Cuomo.

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