Solstice Advanced Materials Expanded Buffalo Facility
The company has invested $49 million to establish its new global research hub in Buffalo.
Updated on Oct. 10, 2026 in Materials Science
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Solstice Advanced Materials U.S., Inc. has launched a $49 million expansion of its research facility located on Peabody Street. The site will serve as the firm's global research and development hub.
Why it matters
This expansion cements Buffalo as a central node in the firm's materials innovation strategy while bolstering the local workforce. The project supports the company's growth as an independent entity following its spin-off.
The expansion is supported by $1.4 million in Excelsior Jobs Tax Credit funding from Empire State Development. This investment supplements the $49 million capital project, which aims to add 12 new roles to the existing 180-person Buffalo team.
The players
Solstice Advanced Materials U.S., Inc.
This is a materials science company created as a spin-off from Honeywell Technologies' materials business.
Empire State Development
This is the chief economic development agency for New York State that manages state-level business incentive programs.
The details
The facility on Peabody Street will scale up operations to become the company's primary global R&D location. Empire State Development is incentivizing this growth to strengthen the region's position in advanced materials research.
Timeline
October 2025 marked the creation of Solstice as a spin-off of Honeywell Technologies' materials business.
October 9, 2026, was the date the expansion project was officially announced by the governor.
The Big Picture
The project utilizes the Excelsior Jobs Tax Credit Program to incentivize job growth within the local manufacturing and research sector. This reflects a broader trend of states using targeted tax incentives to anchor the global R&D operations of specialized technology spin-offs.
The expansion will add 12 new specialized research positions to the local labor market, supporting the area's existing tech-focused employment base. Residents and local businesses may see increased economic activity around the Peabody Street facility as the site upgrades its capabilities.
The takeaway
This $49 million investment marks a significant shift in Solstice's operational footprint as it transitions into an independent global research leader. The project demonstrates how regional incentives can successfully attract high-level R&D hubs to established industrial areas.
Further reading
For more information on regional industry growth, visit the Buffalo Materials Science section.
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