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May 10th, 2006
Stadium mania is producing illusion of forward movement
Jack Uldrich: ... I was flying to Albany was to give a talk on the emerging field of nanotechnology, and to congratulate the region on the success of its vibrant public-private "NYLovesNano" -- a five-year public-private partnership that has already added $1.1 billion in new revenues and 1,500 high-tech jobs to the region.
The region, which soared from No. 131 to No. 66 in the Milken Institute's latest rankings of regional economic competitiveness in the past year, is not content to rest on its laurels. This January, Gov. George Pataki announced the creation of a $435 million initiative to create a new Institute for Nano-Electronics Discovery and Exploration.
My point is this: While Minnesota is poised to squander hundreds of millions on questionable stadiums, other regions are investing in the future.
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