- Advantage Capital moves its New York office from Manhattan to…Glens Falls? Maybe this will help address this issue.
- Hudson River water starts flowing through 13-mile pipeline from Poughkeepsie to IBM’s Fishkill plant.
- IBMers can take vacation whenever they like. Inevitably, some end up taking little or none. Is greater flexibility worth the trade-off of fewer days? I think so.
- NY gets a “D” on economic growth index. Talk about grade inflation. 😉
- IBM to support Sun‘s Solaris.
Archive for the 'regional development' Category
Kingston’s TechCity has a new tenant in the newly-formed Solar Energy Consortium, headed by retired IBM-VP Vincent Cozzolino. This piece from the Daily Freeman is predictably boosterish, and there is reason for optimism. But there are also a lot of unanswered questions. It’s unclear exactly what the consortium will do: research? manufacturing? marketing? It’s also heavily (if not totally) reliant on state and federal money. As the story says: “Significant funding issues are still being worked out.” The Record story has a few more details, saying the group is looking for $136 million over five years. Yikes! Let’s hope they bring some private money in to ensure better accountability and returns.
Another eybrow-raiser: a 36-member board of directors. I’m sure they’re all smart and accomplished, but a board that big sounds like a recipe for inaction.
The consortium will take 300K square feet at the former IBM campus, a decent dent in the total 2.5 million square feet of space in 27 buildings on about 260 acres. According to the TechCity site, there are currently nine tenants, mostly small and medium-sized businesses, though IBM still maintains a presence and Bank of America is there, too. I attended a Hudson Valley Center for Innovation event there in March, and found the vast emptiness of the campus a bit depressing. Anything that will get some warm bodies into TechCity should have at least some upside.
I’m not sure if web design shop Furio‘s Web2.0 Innovation Map is anywhere close to being comprehensive, but what’s up there now doesn’t look great for the Hudson Valley. Just two Web2.0 sites north of New York City, and none in Albany. Is this a big deal? Not when you consider all the good news of late about growth in chip manufacturing and nanotech research in the Albany and Fishkill areas. But as AnnaLee Saxenian writes in her book Regional Advantage, developing a truly sound tech economy requires a diversity of businesses. We’ve got the hardware, chips and such in spades. But do we have enough of the soft stuff – Web services, software development, etc.?