Albany collaborates to build its innovation economy Saturday, December 21, 2002 Economic development organizations no longer have a monopoly on economic development. Take the case of Albany, NY. Six companies and a university have teamed up to promote the region as a hotbed for alternative energy development. Read more. Go Albany is a leading region in a trend that will gain momentum in the next few years...previously isolated or competing organizations are coming together to promote regional economic development. In the past year: International Sematech, a consortium of 12 computer chip makers, and Tokyo Electron Ltd., the manufacturer of tools for computer chip makers, each joined with the state and UAlbany to create research centers here. Ten chambers of commerce have joined together to form the Tech Valley Chamber Coalition. UAlbany and Rensselaer Polytechnic Institute worked together to bring a U.S. Department of Energy conference to the region. The Charitable Leadership Foundation of Clifton Park donated $12 million to create the Ordway Research Institute, designed to recruit top scientists to the region and promote biomedical research at the Wadsworth Center, Albany Medical Center and the Center for Medical Sciences at the University Heights campus. GE Global Research Center and Albany Med forged a partnership to establish the Advanced Neuro-Imaging Research Center to study diseases of the central nervous system; RPI and the Tech Valley Angel Network announced plans to work together on screening companies making pitches to investors. The Saratoga Technology and Energy Park in Malta opened with its first tenant, Starfire Systems Inc. The park is a collaboration among the New York State Energy Research and Development Authority, Saratoga Economic Development Corp. and UAlbany. posted by Ed Morrison |		This work is licensed under a Creative Commons License. links Some Background on EDPro Weblog The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it. One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information. So, spread the word...Share the knowledge. Tell a friend about EDPro Weblog. If you are using a news reader, here is the link to syndicate this site: Here's the link if you are a bloglines subscriber: Speaking and workshops on Open Source Economic Development As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking. Background on Ed Morrison Download some background information on me here.

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