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Home > News > NY Natives Getting Restless with Nanotech Promises

September 30th, 2011

NY Natives Getting Restless with Nanotech Promises

Abstract:
The State of New York has been aggressively pursuing the promise of an economic boom brought on by nanotechnology for a decade now. There's even a website called New York Loves Nanotech in which the over $13 billion that has been invested in nanotech within the state is glorified.

Despite the love affair the State has with nanotech, it has learned that nanotech businesses can be fickle lovers, prodding jealous inquiries into the allegiances of at least one of the corporate interests the State has been trying to seduce.

So, while the announcement this week that Intel, IBM, GLOBALFOUNDRIES, TSMC and Samsung will be investing $4.4 billion over the next five years in the state, creating thousands of jobs, has at least the local media hopeful, they remain skeptical.

The quid pro quo, if you will, in this deal, is that New York State needs to invest "$400 million in the SUNY College for Nanoscale and Science Engineering (CNSE) in Albany, including $100 million for energy efficiency and low cost energy allowances" over the next five years. The promise of nearly 7,000 jobs makes it seem like a good deal for New York. Here is how the high-tech jobs will breakdown:

800 at CNSE Albany NanoTech Complex
950 at IBM - Yorktown Heights and IBM - East Fishkill
450 at SUNY Institute of Technology (SUNYIT) in Utica
300 at CNSE's Smart System Technology & Commercialization Center in Canandaigua

Source:
spectrum.ieee.org

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