Michael Tucker CEO of the Center for Economic Growth shares the story of Tech Valley along the Hudson River in New York.
NanoTech, Healthcare and Computers are only part of the story.
The Future of Tech Valley Mike Tucker CEO of Center for Economic Growth
1. THE FUTURE OF TECH VALLEY F. Michael Tucker Center for Economic Growth
2. Prepare:Assist communities in achieving their desired economic growth Attract: Create opportunities for technology investment and expansion in Tech Valley Grow: Assist area companies with business development strategies for accelerated growth
3. Six Industry Sectors of Focus Advanced Materials Plastics, Composites and Ceramics Biotechnology Life Sciences, Drug Delivery and Tissue Engineering Clean Tech and Renewable Energy Solar, Wind, Fuel Cells, Smart Grid Homeland Security / Defense Commercialization of Security Technology and Products Information Technology Software and Telecommunications Nanotechnology Semiconductors and Nanoelectronics
4. Where we were, a look-back: 1995 - 2009 1995: Responded to Samsung RFP for Chip Plant 1997: CEG/RPI Study identifies 5 emerging industry sectors 1998: CEG with National Grid, spearheads initiative to market region 1999: 18 county region of NY bands together as “Tech Valley” 2002: “NY Loves Nanotech” becomes marketing umbrella, begin sponsoring SIA Dinner 2003: Begin regional & statewide education programs 2004: First Nanotechnology college in the world (CNSE) opens at U Albany 2001: U Albany announces Center of Excellence in Nanoelectronics; STEP Park established 2007: RPI Computational Center for Nanotechnology Opens 2006: AMD announces plans to locate fab in NY; CEG diversifies marketing outreach 2009 2005: Albany Nanotech… Over $5B invested 2008: SEMICO Impact Study GLOBALFOUNDRIES Breaks Ground
8. Regional Developments IBM Invests or announced plans to invest over $2 billion in regional initiatives (Nanotech Packaging Center, Nanotech /Semiconductor programs at CNSE, RPI Supercomputer) GE $165 million Digital Mammography/Imaging Center $150 million Wind Institute and Turbine Service Center $100 million Advanced Battery Manufacturing Center $330 million investments to expand Global Research HQ M + W USA Announced in August it is moving it’s headquarters to the Watervliet Arsenal, creating 270 jobs International Sematech Plans to move its headquarters to the College of Nanoscale Science and Engineering, creating 100 new high-tech jobs and investing $80 million in the region Angio Dynamics Built it’s new headquarters to Latham, NY in May, bringing 70 jobs
25. Dresden, Germany: Industry Clustering Dresden, Germany Fab1: Human Resources Derivative employment 44,000 Direct Employees 2,600 Average Age 38 Source: GlobalFoundries Dresden, Germany, Data as of Q1 2009
42. Other Opportunities: Supply Chain and other Support jobs Fab garment cleaning Computer sales maintenance Warehousing Delivery service Chemical disposal Satellite equipment offices Specialty products Maintenance Training Private security
48. MBA Hiring return to Pre-Recession Levels Hiring for Financial MBAs increased 22% in 2010 and is expected to increase another 10% in 2011 Hiring of Consulting MBAs increased 19% in 2010 and is expected to increase another 37% in 2011 Reports Bloomberg BusinessWeek