Sili-Hudson Valley?

Posted by Hemos on Thursday July 18, 2002 @05:59AM from the building-the-new-new-thing dept.

guttentag writes "The New York Times reports Sematech (the international consortium of computer chip makers that turned Austin, TX into a tech center) plans to turn Albany, NY into a research hub. The consortium, which represents IBM, Intel, Motorola, HP, TI, AMD, Philips and others, will put up $193 million for the project while New York State will supply the remaining $210 million. The really unusual thing about the deal is that the state isn't offering any tax breaks or loans to lure the consortium to its capital. Why are they so excited about a location that is over 100 miles from their nearest constituent company (IBM)?"

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Re:Escape from Silicon Valley by deanstevenson · 2002-07-18 09:31 · Score: 3, Interesting

There is no problem in the South. The South is growing at a rapid clip which is evidenced by new home sales, increased traffic, and an increasing number of jobs of varied skill levels. The economy there certainly does not 'suck' any more than other regions of the country during a recession. It is time to stop using the South as a punching bag and start acknowledging what has actually transpired there in the past 15 years as far as progress is concerned.