1. Attracting Tech-focused Growth to New York’s Tech Valley
David Rooney, Senior Vice President
Center for Economic Growth (CEG)

2. CEG’s Regional Impact Action Agenda
CEG is working to bring transformational growth to the Capital Region and Tech Valley through a regional action agenda.
Our master plan is to generate robust, contagious and intelligent business expansion.

3. Center for Economic Growth
Private, not-for-profit, membership supported organization
Serve 11 counties in Tech Valley
Initiate and promote regional efforts to attract and develop high-tech talent and companies
Strategic initiatives
Technical services

4. CEG Strategic Initiatives
Technology Industry Attraction
- Global marketing
A Thriving Regional Community
- Regional Development Strategy
A Drive for Talent – the Beanstalk Program
- Retaining college grads
The Technology Roadmap
- Identifying critical resources
Advocacy for Regional Development Projects
- Controlled growth

5. CEG Technical Services
Business Development Outreach
Business & Technology Commercialization Accelerator
Technology Council
TechConnex
Chief Executives Network (CEN)
Bioconnex

6. Can the Region be Home to the Next Generation of Tech-focused Growth?
New York’s Tech Valley

7. Defining a New Economic Vision
What is Region’s economic future?
Identify new growth engines
Tie regional economic growth to global technology trends
Identify and fill gaps
Create and grow our own companies
Attract new companies to Tech Valley
Pursue transformational economic growth opportunities

8. How do We get There From Here?
Lessons learned from other areas
Gain buy in from stakeholders and communities
Build on strengths IF they will be future strengths
Tap into resources of re-energized State agencies and programs
Identify Opinion Leaders for the “new” Regional Vision
Tell the world our story – market globally

9. A Regional Plan Build upon strong R&D capacity as economic engine
University, State/Federal and corporate based R&D
Centers of Excellence
International Sematech North
Tokyo Electron Investment
Develop consensus for broad regional vision for all communities
Regional Development Strategy
Economic development, quality of life, education and workforce, and infrastructure
Local Government Council
Invest in resources for future including infrastructure, sites, workforce
Permitted sites
Industry specific degree programs
K-12 Education

10. A Regional Plan Protect and preserve quality of life
Tech Valley Chamber Coalition & other Chambers of Commerce
Accelerate growth opportunities for “home grown” companies
Technology Commercialization
Start-up Incubators
Venture Capital/ Angel Investors
Business Acceleration programs
Attract global, growing technology sectors
Industries whose needs match the Region’s and State’s strengths

11. Growth Industries: Now and for the Future
In August 2002, CEG’s Technology Council held a Global Trends Retreat with local technology leaders to determine trends and industry sectors that will influence the Region’s economy in the next several years.
Tech-focused industry sectors include:
Nanotechnology
Microelectronics R&D
Albany NanoTech
Rensselaer Polytechnic Institute
Nanocrystals
Evident Technologies
Applied NanoWorks
Biotechnology
Diagnostics
American Bio Medica
Krackeler Scientific
Pharmaceuticals
Albany Molecular
Fortitech
Biomedical R&D
Wadsworth Center
Ordway Research Institute

12. Growth Industries: Now and for the Future
Advanced Materials
Plastics/Composites
Cyclics
Taconic
Advanced Ceramics
Blasch Precision Ceramics
CeramTec
Energy
Alternative Energy
Plug Power
Biodiesel Technologies
Power Delivery
SuperPower
Inverters Unlimited
Information Technology
Software
MapInfo
AutoQuant Imaging
Telecom
MAC Source Communications
Advanced Innovative Technologies
Services
Documentation Strategies
Tech Valley Communications

13. Why These Industries? Capture future growth-oriented opportunities
Employment growth with above average wages in high value jobs for variety of skill levels
Capitalize on current regional assets and existing infrastructure
Make large investments in employees and communities where they locate

14. Why Would They Locate in NY’s Tech Valley?
Contribute to a Region’s quality of life
Require a Region or State with stable political & financial framework
Need a balanced, diverse & sophisticated supplier network
Highly productive & trained workforce
Industries hire 80% of workers from the host Region
Value university-based R&D and access to technology leaders
Require permitted sites and an extensive communications & transportation infrastructure

15. Attraction Strategy Perform due diligence on prospect companies
Good corporate citizens
Regional investors
Long-term players
Focus on quality labor force and quality of life
Meet at client’s facility
Prepare/develop resources
Learn about industry – what they need, most important aspect of making decision
Sites
Chip Fab ’98 – two sites
One didn’t move forward, other didn’t withstand strong local opposition
Now identifying and preparing other sites
Education/Workfoce
Learned important but had nothing to offer
Albany NanoTech and HVCC stepped up to plate

16. Milestones
Private-sector Job Growth: The Albany-Rensselaer-Schenectady Region added 3,000 new private sector jobs from July 2002 to 2003*
High Wage Jobs: In 2000, of the 31 industries that added more than 200 jobs, 20 paid annual wages above the median**
Funding and Investment: Almost $2 billion in new corporate and university-based R&D, infrastructure and programs
Advanced Technology Education: Significant increase in the number of technology educational programs at local colleges and universities
*September 2003 NYS Labor Market Newsletter & ** Capital Region Workforce Development Survey, October 2001

17. Milestones Continued
Expanding Venture Capital: More than $150 million in capitalization of local VC funds, increased interest from outside VC firms and development of an active angel investment network
Regional Partnerships: Development of successful private and public sector marketing and R&D cooperative partnerships
National Media Buzz: Tech Valley is now mentioned frequently in national publications including Forbes, eWeek, New York Newsday, Biotech Tech Magazine, Boston Business Journal, Austin American-Statesman, The Oregonian, Wall Street Journal, New York Times and Small Times Magazine

18. A Few Regional Highlights
International SEMATECH announced plans to locate a $400 million computer chip research and development facility at University at Albany
Governor Pataki is transforming the Harriman Campus into a $300 million cutting-edge R & D tech park
Development of a 1,350-acre technology campus is underway for Luther Forest in Saratoga County
GE has launched a $100 million upgrade of its Global Research Center in Niskayuna
A Center of Excellence in Nanoelectronics has been established at the University at Albany with initial funding of $150 million

19. A Few Regional Highlights Continued
Rensselaer Polytechnic Institute broke ground on an $80 million Center for Biotechnology and Interdisciplinary Studies
Construction began on a $60 million Center for Medical Science in Albany’s University Heights complex – Ordway Research Institute
University at Albany and Rensselaer have each announced $20 million Biotech R & D Centers with a focus on genomics and medical sciences
Tokyo Electron, world’s second largest maker of semiconductor manufacturing equipment, sited a $300 million R&D Center in Albany

20. Home to the Next Generation of Technology Growth?
Yes!
Workforce
R&D Capacity
Resources
Motivation
Sites
New York’s Tech Valley