Jenna Flanagan has been an Associate Producer and contributing reporter for WNYC's All Things Considered, local news since 2006. Prior to that, she worked for 3 years as a general assignment reporter for the WBGO news department and won a Garden State Association of Black Journalists award.
NY to Subsidize $1.2B for Semiconductor Plant
Wednesday, October 08, 2008
New York, NY –
Despite the stock market's slide and New York's projected $8 billion deficit, Governor Paterson is granting $1.2 billion in state aid for a new high-tech semiconductor factory. Paterson says New York eventually will reap benefits from helping AMD build the plant upstate.
PATERSON: This may be one of the biggest technological centers for the country and it may create a new culture where people are running to New York to participate in that economic opportunity rather than away from it which people have in the past.
REPORTER: Paterson says he was originally against granting AMD state aid because of the cost, but he says he changed his mind when he realized it would re-energize the state's slowing economy.
AMD is part of a global consortium that's building the semiconductor factory in Saratoga County. It's expected to employ 1,500 people and generate another 1,600 construction jobs.