"This region is hot. It's incredibly hot," said Lieutenant Governor Bob Duffy, touting the government's role in helping Tech Valley Communications expand and stay in Albany.
Marie CusickWMHT
A telecommunications company that builds fiber optic networks throughout the Northeast is expanding its headquarters in Albany, despite offers to relocate out-of-state.
Tech Valley Communications (TVC) will nearly double its Albany workforce to more than 120 people over the next five years.
The GlobalFoundries chip plant in Malta has announced a $2.3 billion expansion. It will soon be the size of six football fields.
Marie CusickWMHT
The massive GlobalFoundries computer chip manufacturing plant outside of Albany will soon grow even larger.
The company announced an additional $2.3 billion investment at its Malta site earlier this week.
The plans call for an expansion of the cleanroom space where the company builds 300 millimeter computer chip wafers. The chips are used in everything from computers, to cell phones, and cars.
In our latest Innovation Trail report for New York NOW we visited GE's new battery plant in Schenectady.
The plant will employ 450 workers building GE's new Durathon batteries, which will be used as energy storage in the telecommunications industry and on utility grids.
Just a few weeks after President Obama visited the Capital Region, an important member of his cabinet was also in town.
Energy Secretary, and Nobel Prize winner, Dr. Steven Chu was in the area to tour the GE Global Research center outside of Schenectady. He also received an honorary degree from the Rensselaer Polytechnic Institute.
During his visit, Chu sat down with New York NOW to talk about national energy policy, and some of the issues facing New York - like the future of hydrofracking and nuclear power.
