Governor Cuomo Announces $35 Million Financing for Oneida County to Further Progress of Marcy Nanotech Development
Governor Andrew M. Cuomo today announced further progress in the development of the Marcy NanoCenter with the approval of low-cost financing for Oneida County to improve infrastructure that is vital to creating new economic opportunities for the region. In order to support the project, the New York State Environmental Facilities Corp. (EFC) Board of Directors approved a $17.5 million interest-free loan, along with a $17.5 million low-interest loan, for Oneida County to begin work to harden and improve the county’s sewer collection system and increase the system’s overall capacity.
“Improving Oneida County’s wastewater system is vital to supporting the development of the Marcy NanoCenter, which will bring thousands of good-paying jobs to the region,” Governor Cuomo said. “With the help of this State financing, the County can expand and strengthen the essential infrastructure it needs to accommodate additional growth in the private sector. We are pleased to provide the support that our local partners need to create new economic opportunities for New Yorkers and make communities stronger for the future.”
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