Posted AT 12:26 PM EST on 15/07/08
IBM will invest $1.5-billion to expand operations
ALBANY, N.Y. — IBM Corp. will invest $1.5 billion (U.S.) to promote nanotechnology research and to create and retain jobs in New York, Gov. David Paterson said Tuesday.
The state is giving IBM $140-million in economic development grants to support creation of as many as 1,000 new high-tech jobs upstate and to advance IBM's work on nanotechnology computer chips.
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