Albany lures more money and nerds from Austin

albany nanotech aerialDavid Paterson and bunch of other top state officials were at Albany NanoTech today to announce that Sematech -- the semiconductor research consortium -- is moving another one of its arms from Austin to Albany. (This had been simmering for a while.) The move will reportedly bring 100 jobs and $100 million in investment ($20 million of that public). [Paterson admin] [TU]

When the transition is complete, Sematech will have moved all of its operations from Austin to Albany. Put that in your breakfast taco.

While the jobs and the investment would be nice on their own, the hope is that this sort of project will spur related development here. For (a big) example, GlobalFoundries was attracted to this area by the semiconductor research center at UAlbany. And then that related development attracts its own related development and so on and so on and eventually there's a cluster. And then Austin will start looking to us for inspiration. (OK, maybe not that last part. Yet.)

All together, there's now been more than $6.5 billion worth of investment at Albany NanoTech.

photo via Albany NanoTech

Comments

Yaaaaaaaaaaaaaaaaaaay, NERDS!

Seem to recall a Geek Pride festival held at the now closed Big House Brewery about 10 years ago. Organized by Tim McEachern and sponsored by WAMC. Maybe the clever folks at AOL could conjure up a respectable welcome for our incoming neighbors.

I'm assuming The Editors at AOA were channeling Triumph the Insult Comic Dog with that headline? :D

http://vodpod.com/watch/875-triumph-the-insult-comic-dog-star-wars-nerds

We got one on Austin. Finally. They may have Whole Foods and a top ten ranked restaurant from a major national food magazine. But we bought one of their research consortiums right out from under their noses.

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