Project Azalea

The tech press is abuzz with speculation about "Project Azalea," a  multibillion-dollar computer chip factory that could be built somewhere in the U.S. with state economic directors in New York, Oregon, Washington and Texas trying to find the right package of incentives to woo the company behind the project.

It's all just rumor and speculation, but the company supposedly behind "Project Azalea" is Taiwan Semiconductor Manufacturing Co., a major supplier to Apple Computers.

But here's the headline for Genesee County: Don't count on "Project Azalea" coming to the STAMP project in Alabama.

Mark Masse, senior vice president of operations for Genesee County Economic Development Center said the local IDA hasn't been given any indication from the Empire State Development that STAMP is on the short list of possible locations for "Project Azalea."

STAMP simply isn't ready yet for consideration by the mysterious company behind the project. The planned high-tech park must first become "shovel ready light" so a developer could start digging as soon as the ink dried on any contract for the project.

Business reporter Adam Sichko lists two New York locations as possible sites for the 1,000-plus jobs the project is expected to create: the Marcy NanoCenter, a 430-acre site on the Utica campus of SUNYIT and Luther Forest Technology Campus in Malta.

While Texas does pop up as a possible location, The Oregonian says there are three main contenders, with New York still on the list.

The Oregonian also reports that New York is ready to spend tens of millions of dollars to lure the company to Upstate.

Hat tip to reader Joanne Rock for suggesting we look at Project Azalea.