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Capital Region's potential for growth draws praise John Kelly III,
head of research for IBM Corp., is very bullish on the Capital Region. Kelly made that
clear Thursday at the for Economic Growth's 12th annual technology awards luncheon,
where he talked about the investments IBM has made in the area, and what impact they
will have on the local economy.
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Source: timesunion.com
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Biotech Center for Kennedy Square The vast and vacant Kennedy Square
apartment complex will come down, possibly by this summer, to make way for a $30 million to
$40 million biotechnical research center, classrooms and research space, state officials
announced last Wednesday. SUNY Upstate Medical University is taking over ownership of the
property. The research center will cover four of the site's 14 acres, and Upstate will seek
proposals from private developers to create commercial projects and student residences on the
other 10 acres, Upstate President Dr. David Smith said.
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Source: syracuse.com
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New York's tech industry totals 301,500 jobs New York State remained the
third largest cyberstate employing 301,500 with a total payroll of $24.4 billion. New York's high-tech
industry experienced a net gain of 1,600 jobs in 2006, the most current state data available. Venture
capital investments in New York totaled $1.2 billion in 2007, ranking the state 5th nationwide by this
metric. New York saw growth in several sectors including computer systems design and related
services (+4,500 jobs) and engineering services (+700 jobs). New York is also hub for the photonics
industry, ranking first in the nation with more photonics workers than California, 8,500 compared to
7,400.
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Source: foxbusiness.com
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NIST and UAlbany NanoCollege sign partnership agreement U.S. Senator Charles
E. Schumer announced a landmark agreement that will create the first-ever partnership between the
federal government and University of Albany's College of Nanoscale Science and Engineering (CNSE)
that will bring federal research expertise and resources to the nanoscale campus.
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Source: nanowerk.com
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NSF Finds S&E Unemployment Rate Dipped to 2.5 percent in 2006 Regional and
industry cries of a highly skilled worker shortage, particularly for scientists and engineers appear well
grounded based on a recent InfoBrief from the National Science Foundation (NSF). The
Foundation reports in 2006, the unemployment rate for scientists and engineers in the U.S. fell to
2.5 percent. Decreasing from 3.2 percent in 2003, the figure is the lowest unemployment rate
measured since the early 1990s using the Scientists and Engineers Statistical Data System,
NSF reports.
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Source: SSTI Weekly Digest
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