- Associated Press - Friday, February 28, 2014

ALBANY, N.Y. (AP) - The State University of New York’s College of Nanoscale Science and Engineering says construction of the $125 million Computer Chip Commercialization Center at the SUNY Institute of Technology is ahead of schedule.

The completion of the steel construction of Quad-C on Thursday is the first phase of Gov. Andrew Cuomo’s $1.5 billion Nano Utica initiative announced in October.

Nano Utica is a private-public partnership that will feature six global technology companies and will invest $1.5 billion to create a regional hub for nanotechnology.

The 253,000 square-foot facility will include a 56,000 square-foot cleanroom and have an annual operating budget of $500 million to support an estimated 1,500 jobs.

Quad-C is expected to be completed by the end of 2014.