BUFFALO, N.Y. — Solstice Advanced Materials will spend $49 million to build out, renovate and equip its research and development facility on Peabody Street in Buffalo. The company wants the site to be its main global R&D center.
The project adds 12 jobs to a Buffalo workforce of about 180. Empire State Development is offering up to $1.4 million in performance-based Excelsior Jobs Tax Credits. Gov. Kathy Hochul announced the project Oct. 9. No construction timeline was released.
ON THE RADAR
Company: Solstice Advanced Materials US, Inc.
Location: Buffalo, Erie County, N.Y.
Investment: $49 million
Jobs: 12 new (about 180 existing)
Type: R&D facility expansion
Announced: Oct. 9, 2026