NEW WINDSOR, N.Y. (Oct. 4, 2011) – Just on the heels of launching its Choose NY Hudson Valley campaign, the Hudson Valley Economic Development Corp. (HVEDC) has been busy continuing to build the Hudson Valley into a green technology powerhouse.
HVEDC recently took Hudson Valley economic development officials on a tour of the GlobalFoundries facility in Malta to explore how businesses from the region could become part of the company’s supply chain. GlobalFoundries is a leading semiconductor foundry with a global manufacturing and technology footprint. The Malta facility is currently the largest commercial capital expansion project in the U.S. HVEDC will work with its county partners and the company’s procurement department to identify business opportunities for Hudson Valley companies.
In related news about technology that is growing in the Hudson Valley, New York Gov. Andrew M. Cuomo announced Sept.28 that a group of semiconductor leaders led by IBM, GlobalFoundries, Intel, Samsung and Taiwan Semiconductor Manufacturing Co. will invest $4.4 billion over five years in a move that is expected to create and retain about 6,900 jobs across the country, including 950 new jobs at IBM Yorktown Heights and IBM East Fishkill. In late September, Chinese solar technology manufacturer Linuo Solar Group Co. announced that it had purchased the former IBM West Campus and plans to invest $100 million and hire up to 1,000 people as it establishes its U.S. headquarters in East Fishkill. Linuo produces a wide range of technical and laboratorial glass products, industrial equipment and solar thermal tubes that are smooth, non-porous and perfectly transparent.
HVEDC today rolled out the green technology component of its Choose NY Hudson Valley national campaign. The campaign is intended to attract site selectors and companies into looking deeper into the Hudson Valley to learn why they should locate in the region.
Just a short drive from New York City, the Hudson Valley possesses an ideal blend of advantages for capitalizing on the world’s largest, most lucrative PV market. Research and development synergies come from world leaders in microelectronics and solar technology and thousands of workers are employed in the highly skilled electronics manufacturing and clean tech clusters. The proximity to massive PV markets translates to cost-effective distribution and sourcing.
About Hudson Valley Economic Development Corporation (HVEDC): HVEDC represents seven counties in Hudson Valley. This public-private partnership markets the region as a prime business location to corporate executives, site selection consultants and real estate brokers. HVEDC also helped start the branding and promotional effort for NY BioHud Valley. For more information on Hudson Valley Economic Development Corporation or to review available business sites, visit www.hvedc.com or call CEO Mike Oates at 845-220-2244.
