Saratoga Five international computer chip companies (including IBM and Intel) are set to invest $4.4 billion in New York State over the next five years, creating 7,000 jobs, according to an announcement by Gov. Andrew Cuomo made on Tuesday, Sept. 27.
Combined with the Capital District’s existing nanotechnology presence and development, GlobalFoundries in Malta and school district efforts to revamp education accordingly, the area’s economic and social landscape is poised to continue its forward-moving direction.
“I think we’re already seeing it and a lot of that is a result on the outgrowth of investment that’s been made over the last 15 years or so,” said Frank Murray, president and CEO of NYSERDA. “Take nanotech that’s been growing by leaps and bounds and marry that with investments in Malta only 30 miles north of here at GlobalFoundries and you add to that the decision by GE to build a battery manufacturing facility 15 miles west of here in Schenectady and you look at Hudson Valley’s investment in Tec-Smart … such a mix of resources in this Capital District, that’s what companies are looking for.”
Murray joined a panel of local figures, including Ballston Spa Central School District Superintendent Joseph Dragone, to discuss how technology and innovation are impacting the region’s economy and education for a special called “Transforming Tech Valley,” which aired on WMHT on Thursday, Sept. 29, and is part of the Innovation Trails series.
“It’s valuable obviously just getting the information out there to the public, letting people know what’s happening here in New York State,” said Murray.
Murray said touting the state and region’s successful transformation into a “global hub” for clean and nano technology is critical.
“I think one of the points I made is, we can’t expect California, Texas, New Jersey, to toot New York’s horn; we have to do that ourselves,” said Murray. “Success breeds success and there are a lot of wonderful things going on here.”