Tech Valley’s reputation continuing to grow, economist says

Tech Valley now ranks with Silicon Valley and Austin, Texas, as a location for high-tech companies t
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Tech Valley now ranks with Silicon Valley and Austin, Texas, as a location for high-tech companies to consider, according to a Washington economist.

Access to major university research and support from business leaders and government is behind bringing Advanced Micro Devices to the Capital Region, and its arrival will lead to a cluster of such companies in the future, said Everett M. Ehrlich, president of ESC Company, an economic consulting firm.

“If you are going to locate a major semiconductor facility, there are three places you would do it: Silicon Valley, Austin and here. It’s a remarkable transformation,” Ehrlich said.

Ehrlich, a former undersecretary of commerce for economic affairs in the Clinton administration, was in Albany today and Monday to talk about the impact of AMD’s $4.6 billion plant on the region.

Ehrlich said the planned Advanced Micro Devices computer chip factory in Malta, while employing 1,465 people directly, will be indirectly responsible for 5,000 more new jobs – from lawyers and administrative assistants to fry cooks and auto mechanics – in the Capital Region.

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