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Setting Our SiteLines On… Volume One - Issue Ten |
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In this issue of SiteLines, we’ll highlight the overall economic strength of Upstate New York. You’ll see news of various Upstate areas being honored for a wide range of positive business factors. We’ll also take a look at New York’s advanced academics, as well as the growth of high-tech and specifically nanotechnology opportunities. Please feel free to let us know how we can make this newsletter even more valuable to you (simply email ShovelReady@us.ngrid.com with your feedback anytime). Thanks again for taking the time to learn about Upstate New York’s success in establishing a business-friendly environment. Part Greater Than Whole The economic strength of Upstate New York is highlighted when this single region is compared against entire states. If Upstate (defined as the region north of Westchester County) were its own state, it would have ranked 12th nationally in per capita income growth during the period from 2002-2003. In fact, this ranking is greater than each of ten competitive industrial states. The above rankings are provided by the New York State Empire State Development’s Policy and Research Division. To learn more about the economic clout of Upstate New York, call 1-800-944-6460 or email us. Tops in Tech Several recent indicators put New York at or near the top nationally in terms of high-technology improvements. New York, in a tie with California, led the nation in the number of academic patents issued and their economic importance (Massachusetts Institute of Technology Technology Review, 2003) New York also ranked first in 2004 among all states in the total number of scientists elected to the National Academy of Sciences (nine). This was the highest total elected since 2000. New York placed second in total university research and development expenditures ($2.76 billion), life sciences R&D expenditures ($1.89 billion), and biological scientists in the workforce (more than 33,000). This data was furnished through a Biotechnology Industry Organization Study, May 2004. Finally, New York is ranked third in the nation as an employment hot spot for the information technology industry, ahead of even Silicon Valley, Los Angeles, and the state of Washington (eWeek Magazine, November 2002). For more details on the highlights of high-technology in New York, call Economic Development at 1-800-944-6460 or email us. Nanotech Numbers New York is among the leaders in a growing list of states promoting initiatives related to nanotechnology. According to Lux Research’s Nanotechnology Strategies advisory service, New York ranked in the top ten for economic development from nanotechnology. In 2004, the United States poured more than $400 million into nanotechnology research, facilities, and business incubation programs on top of greater than $1 billion in federal government spending making nanotech the largest publicly-funded science initiative since the space race. Each state’s efforts vary wildly in scope, effectiveness, and impact, according to Lux Research Managing Director F. Mark Modzelewski. “Biotechnology created more than 400,000 jobs from 1979 to 1999,” said Modzelewski. “Nanotechnology promises a far greater economic impact because it can affect not just biologically derived products, but all manufactured goods.” Lux Research independently assessed each state’s level of nanotechnology activity including metrics like state nanotech spending, the status of a state nanotech initiative, companies active in nanotechnology in the state, and in-state nanotech patents. In 2004, New York boasted the greatest state-level funding for nanotechnology (more than $150 million). The state combined a high level of nanotech activity with a strong track record in commercializing advanced technologies. To learn more about nanotechnology growth in New York, call 1-800-944-6460 or email us. Placing Higher New York led the nation in the percentage of high school students who passed Advanced Placement tests at the level of mastery in 2004, according to the College Board. In New York, 21 percent of students achieved a numerical score of three or higher (considered the level of mastery) on the AP tests. The Advanced Placement courses and exams provide the opportunity to earn college credit or skip introductory college courses. According to Trevor Packer, executive director of the Advanced Placement program, much of New York’s success can be attributed to a “historical commitment to advanced academics in schools.” For further details on the advanced education opportunities available Upstate, call 1-800-944-6460 or email us. More Great Ratings By almost any measure, Upstate New York and its various cities are standing tall nationally when it comes to positive business factors…
In addition, Site Selection magazine recently rated all of New York State’s business climate among the top two states in the nation (November 2004). New York ranks better than all other states in the Northeast and New England. Corporate real estate executives also ranked New York State 12th in ease of doing business, again ahead of other Northeast and New England States. Find out why Upstate New York is up so high in so many areas by calling 1-800-944-6460 or email us. |
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