Two years ago we rezoned property in the northwest corner of town to office technology so that we could encourage companies to move in, explained town Supervisor Luke Smith. "So far other companies have been using more than two-thirds of the space that Nova used and this will take up the rest of the space."
For decades, much of the local economy has been built around General Electric and its research facilities in the area. Eight months ago those activities received a major boost when GE Energy unveiled plans to pump $5 million into its Energy Learning Center in Niskayuna. Under an agreement with the Schenectady County Industrial Development Authority, the value of that investment will be gradually added to the tax rolls over the next 10 years.
Gillen said that Metroplex tried to fill the plant and develop adjoining acreage as a technology center to complement a cluster of existing tech companies that include General Electric's Global Research and Energy Learning Centers, SI Group, and Environment One.
Smith said, "Now that the former Nova Bus plant is filled, we will turn our attention to the careful development of the Niskayuna Tech Park as part of an effort to create jobs and new tax revenue for our community."
Tony Gray contributed to this story.""