I wanted to share with you the following article published by the Syracuse Post-Standard:

By Mark Weiner | mweiner@syracuse.com Follow on Twitter on August 20, 2015 at 3:54 PM

UTICA, N.Y. – Gov. Andrew Cuomo says Upstate New York is about to wake from a long economic slumber, and the latest proof is happening with an "economic revolution" in the Mohawk Valley.

Cuomo delivered that message Thursday as he announced that General Electric Co. and Ams AG, an Austrian tech firm, will invest more than $2 billion in new facilities in Marcy as part of the Nano Utica computer chip research initiative.

The two companies say they expect to fill nearly 1,500 jobs in the short term, and about 2,000 jobs as the plants ramp up development.

"This is a transformative moment that will make an actual difference in peoples' lives in the Mohawk Valley for a long, long time," Cuomo said in a speech at SUNY Polytechnic in Marcy, where the state helped develop a $125 million nanotechnology lab to attract the new businesses.

"Over the past few years, we have worked to reverse the negative and invest in Upstate New York – and today we're taking another huge step forward," Cuomo told a cheering crowd.

"With GE and Ams joining the Nano Utica initiative, we're seeing the region's economy gathering momentum unlike ever before," he said. "The Mohawk Valley is beginning an economic revolution around nanotechnology, and I am excited to see the region take off and thrive, both today and in the years ahead."

The development had Utica-area residents buzzing about the future.

"This is the biggest economic announcement that the Mohawk Valley has received in over 50 years," State Assemblyman Anthony Brindisi, D-Utica, told the crowd at SUNY Polytechnic.

Before sharing the good news, Cuomo talked about the struggles of the Upstate economy and offered an indictment of the state's "arrogant phase" toward business and taxes that led to a long economic decline and population loss.

"Before we talk about tomorrow and the future, I want to talk about how we got here," Cuomo said, noting that Upstate New York shared an economic past tied to the boom that started with the Erie Canal. The boom was followed by a decline that has lasted more than 50 years.

"Businesses were moving and people were moving, but we still believed that whatever we did with taxes, whatever we did with regulations, however difficult we made it, people and businesses were still going to stay in the state of New York," Cuomo said. "We were wrong. We were wrong. Mistake!"