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IBM Inks Economic Development Deal with New York

IBM-logo, ExecutivemosaicIBM Corp. has reached an economic development agreement with the state government of New York in a move that aims to maintain technology jobs in the region, The Journal News reported Sunday.

Joseph Spector writes the agreement is intended to sustain more than 3,100 high-tech positions in Dutchess County and other locations through 2016.

The job commitment is expected to raise employment by 750 in the semiconductor and related sectors in IBM’s East Fishkill and Poughkeepsie, Yorktown Heights, Westchester County and Albany areas, according to the report.

IBM also plans to grow its nanotechnology footprint in New York under the agreement, the report says.

Spector writes the company has invested in the SUNY College of Nanoscale Science and Engineering in Albany, where IBM will also open job opportunities.

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