Thursday, January 06, 2005
The economic transformation of the Capital region around Albany has accelerated.
Governor Pataki used his State of the State address to announce three related projects.
IBM -- along with six global partners that include Sony, Toshiba, Samsung, and AMD -- will invest $1.9 billion on nanoelectronics manufacturing and development at IBM’s existing 300-mm wafer chip manufacturing facility. IBM developed and completed its initial wafer chip plant in 2002 at a cost of $2.5 billion.
The governor also indicated that IBM and a group of nanoelectronics equipment companies were close to commitments on another project: $450 million to expand the research and development capabilities of the Albany Center of Excellence in Nanoelectronics, located at the State University at Albany.
The third project involves a $350 million commitment by chip equipment manufacturer ASML to invest more than $325 million to create its first-ever R&D center outside Europe at the Center of Excellence in Nanoelectronics.
Read more here and here. You can download the governor's 2005 addres from this page.
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.
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.
IBM leads a group to invest $2.7 billion in upstate NY
