1366 Technologies to anchor STAMP development in Alabama, NY

ALABAMA, N.Y. — The Empire State Development Corporation recently announced it will grant up to $5 million to the Genesee County Industrial Development Agency for 1366 Technologies and the Western New York Science, Technology and Advanced Manufacturing Park (STAMP).

The funds will be used for land acquisition, engineering and soft costs related to infrastructure for 1366 Technologies new state-of-the-art solar wafer production facility. 1366 Technologies will be the anchor tenant at STAMP, and the facility is expected to open in August 2016.

Based in Beford, Massachusetts, the company develops practical manufacturing solutions to the solar energy industry, primarily to drive down the levelized cost of solar electricity, according to its website.

The Empire State Development Corporation approved 23 projects total, providing more than $101 million in funding and creating more than 600 jobs.

Source: Rochester Business Journal

 

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Noah Milligan

Noah Milligan works as a banker by day, specializing in financing commercial real estate and loan workouts on a national platform. By night, he has delusions of becoming the next Cormac McCarthy. His short fiction has appeared or is forthcoming in Empty Sink Publishing, Ridi...