MARCY — Development of the Marcy Nanocenter hit a wrinkle yesterday when the Great Lakes and Ohio River Army Corps of Engineers denied a wetlands permit for the center located at State University of New York Institute of Technology at Utica-Rome (SUNYIT) in Marcy.
Mohawk Valley EDGE, which oversees the Nanocenter’s development, sought a wetlands permit in order to make the site “shovel ready” for prospective tenants. The Army Corp of Engineers (USACE), however, said in a letter to EDGE that the project does not meet the regulations for such a permit because it doesn’t have an entity signed on to build on the site.
The letter indicated that EDGE can continue to pursue a semiconductor manufacturer for the site and resubmit its application for the wetlands permit when it has a project lined up.
(Sponsored)

Asset Acquisition Strategies: Choosing Between Financing, Leasing or Buying
When acquiring business equipment or machinery, how you choose to pay can significantly impact your cash flow, tax strategy and long-term financial position. The three primary optionsare financing, leasing and

Why ESG and Sustainability Reporting Matters for Your Business
As the landscape of financial reporting has evolved, the concept of environmental, social and governance (ESG) and sustainability has grown exponentially. In 2011, only 5% of S&P 500 companies reported
“The decision is disappointing as the USACE fails to recognize the need to complete physical redevelopment of the site now, in order to meet timeline demands by the semiconductor industry,” EDGE President Steven DiMeo said in a release. He added that EDGE is consulting with its lawyers as well as federal, state, and local officials to explore its options.
EDGE has been working to draw a semiconductor company or other nanotechnology-related company to the more than 420-acre site, located on the SUNYIT campus, through efforts such as exhibiting at events such as SemiCon West, an expo dedicated to the semiconductor industry.
Contact DeLore at tdelore@tmvbj.com