The Tech Valley initiative has strong support from both the public and private sectors in the Capital Region. The Capital Region has a rich history filled with innovation and invention. Because of companies with deep roots in the region, such as General Electric, and the attraction of new companies, like GlobalFoundries, the region continues as a leader in global technological advancements.
In addition to the development of the $4.2 billion state-of-the-art chip fab for the AMD spin-off which opened in 2012 in Luther Forest, there are hundreds of other high tech and global nano companies locating in the region. The Watervliet Arsenal is one of the first places companies are considering when looking at the region. Arsenal tenants, such as M+W Group are major contributors to the nano economy here, as well as in other nano hubs around the world.
The Arsenal Partnership enjoys a strong relationship with the College of Nanoscale Science & Engineering (CNSE) at the University at Albany located just a few minutes away. CNSE is the first college in the world dedicated to research, development, education, and deployment in the emerging disciplines of nanoscience, nanoengineering, nanobioscience, and nanoeconomics. Over 2,500 people work onsite at the $5.5 billion CNSE complex.
The Arsenal’s close proximity to globally recognized tech companies operating in the Tech Valley, its security, and its capabilities, make the location highly desirable for companies working in the sensitive field of innovative technologies, for those conducting breakthrough R&D, or looking for suitable high tech manufacturing space.