Correct. That's the distinction I tried to make with my last sentence. The Micron project is a want / need by Micron vs NYS build it and they will come but it also being heavily subsidized by both Federal and State dollars. I was just trying to put some context on the lack of trust in NY for large projects that are tied to Government incentives.
It's likely a net negative for common people. Data centers coupled with the postponement or cancellation of energy projects have started to drive electricity prices higher and that will only continue.
They have large Universities in the area, which feed off these job opportunities.
But the mindset is the same
The all electric mandate on new construction is bad legislation.
We all own part of that now
This is a very important business. They are keeping the most sensitive stuff here in Syracuse away from the spying/copy cats from foreign countries. TTM does have factories in China but it builds the older technologies there.Yup, TTM is putting the finishing touches on their new facility in Dewitt right now. $140M facility that is projected to add 400 jobs. Short drive down 481 (soon to be 81) from the Micron facility site.
Introducing the Syracuse, NY Expansion Ultra-HDI PCB Production Facility | TTM Technologies
TTM Technologies is proud to support the mission-critical needs of our defense customers with our Syracuse Expansion. Our new, state-of-the-art manufacturing facility being built in Central New York is designed to meet the growing demand for advanced printed circuit board (PCB) functionality in...www.ttm.com
Maybe. 3 years on the project continues to be delayed through 2030.
