US Nano Centre Generates an Economic Impact of $1.1 Billion

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PostPosted: Mon Mar 13, 2006 10:34 am    Post subject: US Nano Centre Generates an Economic Impact of $1.1 Billion Reply with quote

[b]University at Albany’s Nano Centre Generates an Economic Impact of $1.1 Billion, Says New York State Office of Science and Academic Research[/b]

The Center for Advanced Technology in Nanomaterials and Nanoelectronics (“CATN2”) at the College of Nanoscale Science and Engineering (“CNSE”) of the University at Albany-SUNY has used $7 million in state investments to generate an economic impact of $1.1 billion, according to the New York State Office of Science, Technology and Academic Research (“NYSTAR”).

The most recent figures available from NYSTAR show that the CNSE CATN2 created 1,104 high-tech jobs and retained another 384 from 1997 through 2004. During that time, New York State invested $7 million in the center, which generated an overall economic impact of $1,116,734,848.

In related news, preliminary figures from the U.S. Department of Labor reveal that the rate of job growth in the Tech Valley area was significantly higher than the national average between 2000 and 2005, with jobs growing by an estimated 1.1 percent in the Capital Region during that period, as compared to an estimated increase of 0.1 percent nationally.

In addition, Tech Valley saw one of the nation’s largest positive jumps in an annual survey measuring where jobs are being created in America, as published by the prominent economic think tank the Milken Institute. In its just-released report entitled “ America’s Best Performing Cities,” the Milken Institute rated the Albany-Schenectady-Troy area 66th in 2005, up from 131st in 2004 – with the year-to-year rise of 65 places ranking 10th among the country’s 200 largest metro areas.

“Led by the University at Albany’s College of Nanoscale Science and Engineering, New York State’s nanotechnology initiative is pioneering a new model that is turning public and private investment into significant economic impact,” said David Warren, executive vice president and chief financial officer of NASDAQ. “There is a clear and direct relationship between the investment in CNSE’s Albany NanoTech complex and a rate of job growth in the Capital Region that is multiple times higher than the national average. In addition, the ability to turn $7 million in NYSTAR funding into $1 billion of economic impact is proof positive that nanotechnology is having a large effect on the economic landscape of New York state.”

“The nanotechnology initiative at the College of Nanoscale Science and Engineering of the University at Albany is certainly a primary enabler of the fact that job growth in the Capital Region has meaningfully outpaced the national average over the past five years,” said Hugh Johnson, chairman of Johnson Illington Advisors LLC. “Employment at the NanoCollege's Albany NanoTech complex has grown significantly, through local hiring and the attraction of global companies; firms that supply goods and services to the facility have realized the benefits of increased opportunities; and, the spin-off effects have positively impacted a variety of sectors, from software to service. It is quite clear that New York’s nanotechnology strategy is paying dividends, both for the Capital Region and New York state.”

“This is clear evidence that New York State’s investment in nanotechnology research, development and deployment, as championed by Governor Pataki, Speaker Silver and Senator Bruno, is paying dividends,” said Dr. Alain E. Kaloyeros, vice president and chief administrative officer of CNSE. “Global companies are being drawn to New York, leading to in-sourcing of high-tech jobs and a significant economic impact. At the same time, New York is gaining recognition as a leader in the emerging field of nanotechnology, led by the world-class people and facilities at CNSE’s Albany NanoTech complex.”

The CATN2 is a strategic partnership between premier research universities and the nanoelectronics, optoelectronics, telecommunications, defense and nanobiotechnology industry clusters in New York state. The center’s mission is to provide industry with critical research and development, business assistance, work force training and economic outreach within a technically aggressive and financially competitive environment.

The CATN2 is built on the strong foundation, infrastructure and entrepreneurial experience of its predecessor, the Center for Advanced Thin Film Technologies (CATFT). Established in 1993, CATFT established close ties with a significant network of nanoelectronics, nanotechnology, bioelectronics and telecom companies in New York, with the intention of eliminating historic barriers to inter-university projects with corporate partners. CATN2 currently leverages the specialist knowledge of each university within the consortium, whose members include the University at Albany-SUNY, Alfred University, Binghamton University-SUNY, the Albert Einstein College of Medicine of Yeshiva University and Stony Brook University-SUNY.

The main hub of the CATN2 is at the Albany NanoTech complex, one of the largest centers for nanotechnology research and development in the world and home to CNSE and the New York State Center of Excellence in Nanoelectronics (NYSCEN). CATN2 can access Albany NanoTech’s fully-integrated, 450,000-square-foot mega complex, which houses a unique 200mm/300mm wafer “nanofab” with over 65,000 square feet of class 1 cleanroom facilities that are unparalleled in the academic world.

The consortium campuses significantly augment this complex with satellite facilities, each focusing on specialized areas to create an integrated network that serves the research, development and business expansion goals of New York State. These include solid state optical devices ( Alfred University), telecom/wireless devices (University at Stony Brook), nanosystems packaging ( Binghamton University) and biomedical devices/sensors (Albert Einstein College of Medicine).

About CNSE
The College of Nanoscale Science and Engineering at the University at Albany-SUNY is the first college in the world devoted exclusively to the development and deployment of innovative nanoscience, nanoengineering and nanoeconomics concepts. CNSE is located in the most advanced research complex of its kind at any university in the world.

The $3 billion, 450,000-square-foot complex attracts corporate partners from around the world and offers students a one-of-a-kind academic experience, and it is growing. The complex is also home to CNSE’s New York State Center of Excellence in Nanoelectronics.

The CNSE complex, financed through more than $500 million in governmental support and over $2.5 billion in corporate investments, houses the only pilot prototyping facilities in the academic world for the two standard sizes in computer chip design, the 200-millimeter (or 8-inch) wafer, and the 300-millimeter (or 12-inch) wafer. CNSE has more than 150 U.S. and worldwide partners, including some of the world’s largest semiconductor and semiconductor-related tool manufacturing companies. For more information, visit the CNSE Web site at

Source: Albany Nanotech.

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This story was posted on 28 February 2006.
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