Misplaced Pages

#264735

26-1072: Tech Valley grew to encompass 19 counties straddling both sides of the Adirondack Northway and the New York Thruway , and with heavy state taxpayer subsidy , has experienced significant growth in the computer hardware side of the high-technology industry, with great strides in the nanotechnology sector, digital electronics design, and water- and electricity-dependent integrated microchip circuit manufacturing, involving companies including IBM in Armonk and its Thomas J. Watson Research Center in Yorktown Heights , GlobalFoundries in Malta , and others. As of August 2022, venture capital investment in Tech Valley had grown to US$ 410.92 million. Westchester County has developed

52-479: A computer chip fabrication plant ( chip fab ) was one of the earliest goals of, and reasons underlying, the Tech Valley name. The plan to get a chip fab to the Capital District predates the Tech Valley slogan. In 1997, New York set out submissions for possible chip fab sites that it could whittle to 10 sites around the state that would be pre-approved and pre-permitted for a chip plant. Years before that

78-479: A burgeoning biotechnology sector in the 21st century, with over US$ 1 billion in planned private investment as of 2016, earning the county the nickname Biochester . In April 2021, GlobalFoundries , a company specializing in the semiconductor industry , moved its headquarters from Silicon Valley, California to its most advanced semiconductor-chip manufacturing facility in Saratoga County, New York near

104-452: A chip plant. It would be there that GlobalFoundries , a spin-off of Advanced Micro Devices (AMD), decided to build a $ 4.2 billion chip fab, ground breaking was in July 2009. The State of New York gave nearly $ 1.4 billion in cash and tax incentives , the largest such package in state history. New York's incentive package was the same as that offered by Russia , China , and Brazil ; though it

130-524: A company specializing in the semiconductor industry , moved its headquarters from Silicon Valley, California to its most advanced semiconductor-chip manufacturing facility in Malta, Saratoga County, New York. The Tech Valley Chamber Coalition is an organization that is made up of 24 local chambers of commerce from 19 counties of Tech Valley. Those 24 chambers represent over 21,000 businesses, schools, and organizations that employ more than 531,000 workers. It

156-664: A marketing name for an initial ten-county area centered on New York's Capital District to show in name the merging of entrepreneurial activity and high-tech companies in the region. Tech Valley then evolved into a 19-county region in eastern New York stretching from the Canadian-US border to the northern suburbs of the city of New York . The 19 counties were Albany , Clinton , Columbia , Dutchess , Essex , Franklin , Fulton , Greene , Hamilton , Herkimer , Montgomery , Orange , Rensselaer , Saratoga , Schenectady , Schoharie , Ulster , Warren , and Washington . That region

182-577: A median age of 37.5 years. From the inception of the name, the Chamber stated that it would not limit the label of Tech Valley to just the Capital District; rather, Tech Valley was envisioned as running from IBM's Westchester County plants and headquarters north to Saratoga Springs and west up the Mohawk Valley . Early businesses that used the Tech Valley name helped spread the word, businesses such as Albany Molecular Research Inc. (AMRI) who used

208-582: A section of the Adirondack Northway , in Malta, New York . The name "Tech Valley", or "Techneurial Valley" as was originally used, is usually credited to Wallace "Wally" Altes, a former president of the Albany- Colonie Regional Chamber of Commerce ("the Chamber"), while the shortened name from "Techneurial" to "Tech" was the idea of Jay Burgess. In 1998, the Albany-Colonie Chamber began using Tech Valley as

234-565: The Environmental Protection Agency 's (EPA) national monitoring network. In 2000, Tech Valley license plates became available, with three numbers and the letters TEC, for a $ 34.50 fee, they were the first plates in New York that had a website on them- techvalley.org. Initially, the name Tech Valley was derided as over-enthusiastic self-boosterism, but SEMATECH 's decision in 2002 to relocate its headquarters to

260-552: The Rensselaer Polytechnic Institute 's RPI Tech Park had been visited by semiconductor companies, but they had chosen not to build. The renewed interest by the region in luring them was spurred by the research centers and training of specialists for the industry by area colleges such as the University at Albany, Rensselaer Polytechnic Institute, and Hudson Valley Community College . Responding to

286-583: The University at Albany, SUNY began Tech Valley's rise in the public's perception. In 2004, however, when Bill Gates was asked by an Albany Times Union reporter what he thought about Tech Valley, he responded that he had no idea where that was; two years later though, $ 400,000 from the Bill and Melinda Gates Foundation was used to fund the Tech Valley High School . The goal of luring

SECTION 10

#1732781129265

312-429: The company. Marvin helped to set up the business and used his community contacts to raise seed capital. The company originated as a Rensselaer Polytechnic Institute incubator project. The first intended product was for in-car navigation, but this was abandoned when inertial navigation proved impractical. Early competition for MapInfo software came from Strategic Mapping, which had been founded by Steve Poizner around

338-528: The intention was to create an easy-to-use software package that did not require exceedingly large amounts of computing power. MapInfo provided the first tools to Microsoft that allowed them to include mapping functionality in their products, specifically the mapping add-on branded as Microsoft Map for Microsoft Excel as part of MS Office 95 . The add-on was subsequently included in Microsoft Office 97 , and Microsoft Office 2000 . This provided

364-490: The major plugins for MapInfo Professional . As of January 28, 2009, MapInfo and Group 1 Software were operating as one division called Pitney Bowes Business Insight. On August 26, 2019, Pitney Bowes sold its software division (which includes MapInfo Professional) to Syncsort for $ 700 million in cash. The company is rebranded as Precisely in December 2019. MapInfo developed the first desktop GIS in 1986 . Originally,

390-594: The phrase in its job recruitment material, MapInfo Corporation , Tech Valley Communications, Tech Valley Office Interiors, and Tech Valley Homes Real Estate. The first use of the phrase by a business may have been the accounting firm Urbach, Kahn, & Werlin in 1998, which put the Tech Valley name and logo on its postage meter , shortly before that the Chamber had begun instituting a new telephone greeting, "Albany-Colonie Chamber. Tech Valley. May I help you". Also in 1998, Rupprecht & Patashnick put "Made in New York's Tech Valley" stickers on all its air quality sensors for

416-643: The review process. A site in Wallkill , Orange County was the first site in Tech Valley and in the entire state to receive pre-approval for a chip fab. In 2002, the Saratoga Economic Development Corporation (SEDC) began to tout its proposed tech park, to be named the Luther Forest Technology Campus , in Malta, New York , along the Adirondack Northway within Saratoga County , as a site for

442-498: The same time. Later, Strategic Mapping was sold to Claritas Worldwide in May 1996. Its other competitor was ESRI , which primarily sold expensive GIS software for engineering workstations. MapInfo appeared at number 23 in Inc. Magazine's annual list of the 500 fastest-growing private companies in the U.S. in 1992. MapInfo held an initial public offering (IPO) on February 1, 1994. In

468-688: The state's request for potential sites, Rensselaer County proposed the same RPI Tech Park site; Schenectady County proposed two sites, one of which was in Hillside Industrial Park in Niskayuna ; Saratoga County proposed two sites; and Albany County proposed three sites, two in Bethlehem and one in Guilderland . The state ultimately decided on 13 sites it would aggressively promote, most of which were in Tech Valley. As one of

494-555: The thirteen sites chosen, the RPI Tech Park site originally met little opposition from the town of North Greenbush in which it sat. As time progressed opposition grew in response to concerns about potential impacts on traffic and the environment. The RPI Tech Park site, which by October 1999 had become one of only nine sites still being marketed by the state, ended when the North Greenbush town council voted to terminate

520-614: The years prior to the IPO, Marvin served as chairman of the board, hiring the CEO and making sure he was comfortable with how the company was being managed. Marvin insisted that the company be run on a cash flow break-even basis, but did raise a rainy-day fund of $ 2 million from Greylock Partners in 1989. MapInfo hired Brian D. Owen to be the CEO in 1991, who brought in Matthew Szulik as VP of Sales and Doug Finlay as CFO. Robertson Stephens

546-445: Was 15,637 square miles, about 270 miles north–south at its longest and about 80 miles east–west at its widest. In 2010, those 19 counties had a population estimate in 2010 of 2,312,952, a 9.2 percent increase over the 2000 census; population density was 148 people/sq. mile. 51 percent of the population was female, with 48.2 percent male. 88.5 percent of the population was White, 6.2 percent Black, 4.9 percent Latino, 1.5 percent Asian, with

SECTION 20

#1732781129265

572-530: Was a company that developed location intelligence software. It was headquartered in North Greenbush, New York . Its products included a desktop mapping application, various map and demographic data products, and some web-based applications. It acquired several other companies in order to market their software, data, or services directly. It was acquired in 2007 by Pitney Bowes , and became Precisely in December 2019 when acquired by Syncsort . MapInfo

598-937: Was formed in June 2002 and manages the Tech Valley Portal, and publishes an annual publication called Images of Tech Valley . The 24 local chambers are- Adirondack Northway Too Many Requests If you report this error to the Wikimedia System Administrators, please include the details below. Request from 172.68.168.151 via cp1112 cp1112, Varnish XID 941804214 Upstream caches: cp1112 int Error: 429, Too Many Requests at Thu, 28 Nov 2024 08:05:29 GMT MapInfo Corporation 42°40′58.5″N 73°42′10.5″W  /  42.682917°N 73.702917°W  / 42.682917; -73.702917 MapInfo Corporation , initially incorporated as Navigational Technologies Incorporated ,

624-479: Was founded in 1986 by Laszlo Bardos, Andrew Dressel, John Haller, and Sean O’Sullivan . The four were students at nearby Rensselaer Polytechnic Institute who wanted to develop an inexpensive mapping tool for the PC . They got a contract to develop bus routes for a local school district, and used the money to develop their first product. They contacted Michael Marvin early in the company's history for advice on how to form

650-539: Was not the deciding factor it meant that any region not offering the package was out of contention for the fab. The deciding factor on picking Tech Valley was the $ 5 billion College of Nanoscale Science and Engineering at the SUNY Polytechnic Institute and the resulting "high-tech ecosystem" put in place during Governor George Pataki 's administration. Subsequently, in April 2021, GlobalFoundries ,

676-419: Was the lead investment bank that managed the IPO. On April 19, 2007 Pitney Bowes entered into a merger agreement to acquire MapInfo Corporation for approximately $ 408 million in cash. Following the acquisition, MapInfo changed its name to Pitney Bowes MapInfo Corporation. On December 18, 2007, Pitney Bowes also acquired Encom Technology whose products include Encom Discover and Encom Engage which are

#264735