Albany, New York Overview
Albany, New York’s history spans over three centuries, and it continues to build on that history today as a vibrant, thriving and modern city.
Located at the crossroads of two of the Northeast’s busiest interstate highways, and along the historic Hudson River, Albany is strategically located to serve a diverse set of business and recreational needs.
As the hub of New York’s Tech Valley, Albany, NY is home to the College of Nanoscale Science and Engineering (CNSE) of the University at Albany, which has been ranked the world’s number one college for nanotechnology and microtechnology. It is also home to 25 semiconductor firms and over 2,500 researchers and is proving to be a driving force on our local landscape and economy.
When combined with investment and talent from internationally recognized engineering university Rensselaer Polytechnic Institute (RPI), billions of dollars of investment from companies like General Electric and IBM, Albany and Tech Valley are international leaders in the nanotechonoly and semiconductor industries.
Add to all of that, the $4.2 billion Global Foundries chip fabrication facility which is currently the largest construction project in North America, and when completed 1.3 million-square-foot chip fabrication plant will employ over 1,400 people directly and will create more than 5,000 spinoff jobs.
In addition to cutting edge technology, Albany is also home to an exciting arts and culture scene. From Broadway shows at the Palace Theatre, the Cap Rep, and the Egg, to concerts and professional sports at the Times Union Center, to local live music at the any of the dozens of bars, clubs and restaurants along Albany’s various neighborhood commercial districts.
By combining enhanced ground transportation systems, with a modern port and deep water navigable waterways, as well as an international airport, Albany is uniquely situated to provide excellent infrastructure to businesses ranging from nanotechnology to banking, manufacturing to agriculture, and much more.
The area is home to an educated and highly skilled workforce. When you combine that with a progressive City Government which seeks to help retain and grow existing businesses, and attract new business; Albany is the ideal location for business in Upstate New York.
Albany Fact #2
Albany is a thriving business community with fine dining and world-class entertainment and year-round outdoor activities. From hiking to downhill skiing, Albany is only minutes away from the best recreational facilities in the Northeast. A short drive from the majestic Adirondack Mountains and charming village of Saratoga Springs, Albany is also close to other attractions like the Baseball Hall of Fame in Cooperstown and Lake Placid, the site of two Winter Olympic Games.
Albany Fact #3
Albany, and the Capital Region, boasts some of the finest educational institutions in the United States. A wide array of private and public institutions meets all the educational needs of the area. In addition, there are a variety of skills training programs that can be custom-tailored to meet a company’s specific needs. Delivered through a statewide network of local providers such as community colleges and vocational-technical schools, New York State programs are both flexible and convenient.
Albany Fact #4
A city that nearly 100,000 people call home, Albany’s many neighborhoods offer something for everyone. From handsome Brownstones to stately Colonials on tree-lined streets, Albany has a wide variety of housing stock. As the largest municipality in the Capital Region, a Metropolitan Statistical Area (MSA) of nearly 1 million, Albany provides a combination of urban and suburban.