Earlier this year we reported Cambria NY – WNY’s Silcon Valley? the plans for a new Data Center by HSBC in Cambria NY. Since then, HSBC has postponed the huge data center project in Cambria New York, citing the “business climate.”
Local officials remain hopeful that the decision reflects a temporary setback for the huge project. “Our staff is in constant communication with HSBC, and all indications are they are going to go forward with a project (in the county),” said Niagara County Economic Development Commissioner Samuel Ferraro. But Ferraro confirmed that if HSBC picks another site it will forfeit $89.5 million in tax breaks from the county – suggesting the decision to not buy the land was not made lightly.
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