The capital region in upstate New York has been given the nickname of Tech Valley, referring to the vast number of technology companies settling in the Hudson and Mohawk valleys.
In recent news, Advanced Micro Devices (AMD, which Intel’s biggest competitor) will build a manufacturing plant in Malta, NY; just south of Saratoga Springs.
AMD adds itself to the list of cool tech companies already here, like Albany Molecular, Plug Power, Optimal Robotics, MapInfo, Intermagnetics General, and Vicarious Visions; not to mention GE, Verizon, Time Warner and IBM.
The companies are attracted to the already installed base of software and hardware tech companies, the recently renovated Albany International Airport, incentives by local politicians, and the decent smattering of colleges in the area. (Albany Institute of Nanotechnology and Applied Sciences, RPI, Union, Siena College, St. Rose, U of Albany, & Skidmore)
The region is growing, for sure, though I still think of it as “smAlbany.” Saratoga County continues to be one of the fastest growing counties in the nation and real estate values continue to climb at leading rates.
Not all is good… traffic problems will increase, which brings me to another favorite subject of mine, trains. Politicians are talking more about light rail service between Albany and Saratoga and high speed rail between Albany and Buffalo. Not well known is that Amtrak’s most profitable service is already their Empire service, the run between Albany and New York City.
Connect that with the historical Adirondack Railroad for a ride up to the lakes and it sounds like I have another blog entry to write.
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