# Akoustis receives up to $8 million in tax credits for expansion into Canandaigua, New York

Akoustis Technologies received an incentive package from Empire State Development offering up to $8 million in tax credits for its planned expansion into Canandaigua, New York, including acquisition of a 120,000 sq ft wafer manufacturing facility. The company plans to create 214 new jobs and invest up to $20 million over five years.

- Type: Expansion
- Announced: 2017-03-31
- Where: Canandaigua, New York, United States
- Value: $20.0M
- Jobs: 214
- Status: announced
- Products: bulk acoustic wave (BAW) RF filters
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Akoustis Technologies](https://endata.com/companies/23059.md)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/03/31/947547/0/en/Akoustis-Receives-Incentive-Package-Providing-Up-to-8-Million-in-Tax-Credits-Related-to-Its-Planned-Expansion-into-Upstate-New-York.html), 2017-03-31: "Empire State Development has offered the Company up to $8 million in performance-based incentives under the Excelsior Jobs Program."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.