It was one of the first Buffalo Billion projects announced: a $50 million state investment in drug discovery company Albany Molecular Research Inc. which, Gov. Cuomo promised, would yield almost 200 spinoff jobs.
Five years on, there’s little evidence those jobs have materialized.
AMRI was responsible for creating only 55 jobs, a goal the company met earlier this year. The partner companies whose jobs the state had been counting towards the project’s overall goal of 250 jobs appear to employ only a few dozen people, rather than the 195 anticipated. And only a handful of those jobs seem to be directly connected to the state’s investment in AMRI.