The Rise of Tech Valley

Mike_Rise_of_Tech_Valley

By F. Michael Tucker

Full Article | Published by IEDC Journal, Volume 7

Upstate New York has a tradition of manufacturing and innovation history with global powerhouses such as General Electric and IBM. Over the past decades the traditionally robust manufacturing base of Upstate NY has been reduced as manufacturers seized opportunities to reduce production costs by moving operations both in the US and overseas. With massive job layoffs, corporate closures, population decreases and manufacturing relocations, leaders across government, academia and the private sector recognized in the early 1990s the upstate economy needed a paradigm shift towards leading-edge, high-value technology industries. Twenty counties came together to brand the region “Tech Valley,” and in 1999 a global outreach program that has since evolved into the acclaimed “NY Loves Nanotech” was put into play.