Green Innovations

Developing renewable and clean technology companies in New York

Friday, December 10, 2010

Albany's high-tech job market recognized as the third fastest growing in the country

The TechAmerica Foundation has identified Albany, New York as having the third-fastest growing high-tech job market out of all American cities. With a 1.6% increase in high-tech position, Albany only trailed behind Oklahoma City, OK and Huntsville, AL. Primary drivers for such growth are The University of Albany's College of Nanoscale Science and Engineering, attractive real estate prices and high levels of government support.

Recognizing Albany's high-tech potential, the Massachusetts based innovator/producer of thin film photovoltaic panels, Magnolia Solar, has announced the desire to drastically increase their research presence in Albany. Although Magnolia has only hired 2 Albany employees, Ashok Sood, President and CEO of the company, has announced the number could grow to 50 within the next few years.

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