Solstice Advanced Materials plans a $49 million expansion of its Buffalo research facility that the company and state say will create 12 jobs. The site has an existing workforce of about 180 people.
The governorās announcement says Solstice will construct, renovate and equip its Peabody Street property to expand research into advanced materials and chemical processes. The company plans to make Buffalo its main global research and development hub.
Empire State Development is offering up to $1.4 million in performance-based Excelsior Jobs Tax Credits to support the project. Because the credits are performance-based, the full amount is a potential incentive rather than money already paid to the company.
Research and manufacturing plans
Solstice said the expansion is intended to move new materials from laboratory research toward commercial uses. Ryan Hulse, the companyās senior director for research and development, said the Buffalo work would serve customers and industries that depend on those materials.
The company makes specialty materials used in areas including refrigeration, foam insulation, aerosols, energy storage and semiconductor manufacturing. It was formed in October 2025 as a spinoff from Honeywellās specialty materials business.
The release describes the Buffalo facility as an existing research operation, not a new factory. It does not provide a construction start date, completion date or hiring schedule for the 12 positions.
State support and local impact
Gov. Kathy Hochul and Empire State Development described the project as an investment in Western New Yorkās technology workforce. The announced jobs would add to Solsticeās current Buffalo employment rather than represent the full size of the facility.
Buffalo Mayor Sean Ryan and Erie County Executive Mark Poloncarz also welcomed the plan, citing the regionās manufacturing base and workforce. Their statements describe anticipated benefits; the company has not yet completed the expansion.
The company reports about 4,100 employees worldwide and customers in more than 120 countries and territories. State officials did not state whether any local hiring beyond the 12 announced jobs is expected.
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