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Keyword: lightemittingdiode

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  • NY taxpayers built $90M factory in DeWitt for firm that walked away, didn't create a job

    01/04/2018 9:06:56 AM PST · by Behind Liberal Lines · 77 replies
    Post Standard, Syracuse NY ^ | 01/04/18 | By Rick Moriarty rmoriarty@syracuse.com,
    DeWitt, N.Y. -- In 2014, the development arm of SUNY Polytechnic Institute agreed to build, with $90 million in state money, a factory in DeWitt for an LED light bulb manufacturer. The company, California-based Soraa, agreed to create 250 full-time, high-tech jobs at Collamer Crossing Business Park and to encourage Soraa contractors and suppliers to create another 170 jobs in Central New York. In return, the company would be allowed to lease the factory for $1 a month for 10 years. But the deal with SUNY Poly's Fort Schuyler Management Corp. did not require Soraa to spend any of its...