June 17, 2010
DiNapoli: High-Tech Manufacturing Economy Emerging in Parts of Upstate New York
A number of high-tech manufacturing sectors are emerging in parts of upstate New York despite the impact of the recession, according to a report released today by New York State Comptroller Thomas P. DiNapoli. The report highlights positive aspects of a sector that has otherwise seen major declines in jobs over the past several decades.
"Upstate New York has lost traditional manufacturing jobs," DiNapoli said. "It's not very likely we'll get those jobs back. But several regions around the state are moving away from smokestacks toward more high-tech, high-skill manufacturing. It's a good direction.
"New York has a highly skilled, highly trained workforce and great university system. The potential is here. We just have to tap into it. If we get this right, the positives are unlimited."
From 2000 to 2008, upstate lost nearly 105,000 manufacturing jobs, with employment declining in virtually all types of manufacturing sectors. However, during that same period advanced high-tech jobs increased by more than seven percent – adding over 7,000 jobs.
DiNapoli's report highlights the signs that this sector has already begun a positive transformation:
DiNapoli noted several reasons why upstate is well positioned for high-tech employment growth:
The report suggests a coordinated effort at the state, regional and local levels in order to build on these strengths and address the challenges that exist in each region of New York.
DiNapoli noted that the New York State Common Retirement Fund's In-State Investment Program is targeted to companies in New York State to help create jobs in the state. DiNapoli has increased the program's commitment to nearly $1 billion since he took office.
DiNapoli's office recently issued three audits of state spending on high-tech research projects by the Research Foundation of the State University of New York (SUNY) and the University of Albany Foundation. The audits found that state funding intended to build and equip nanotechnology research facilities and provide for cancer genomic and life sciences research was spent appropriately.
For a copy of the manufacturing report, visit: http://www.osc.state.ny.us/localgov/pubs/research/manufacturingreport.pdf
For a copy of the SUNY cancer genomics audit, visit: http://www.osc.state.ny.us/audits/allaudits/093010/10s6.pdf
For a copy of the SUNY nanotech audit, visit: http://www.osc.state.ny.us/audits/allaudits/093010/10s4.pdf
For a copy of the SUNY life sciences audit, visit: http://www.osc.state.ny.us/audits/allaudits/093010/10s5.pdf