President Obama's trip to the Capital Region is in the books. The president visited UAlbany's College of Nanoscale Science and Engineering Tuesday. This is an election year, and the president focused on a big issue for voters: the economy. Our Solomon Syed has more on the president's speech.
ALBANY, N.Y. -- "Right now, some of the most advanced manufacturing work in America is being done right here in Upstate New York."
President Obama paid a huge compliment to New York's Capital Region, marking his third trip to the area - a nod to the region's growing tech sector through public-private partnerships.
Dr. Alain Kaloyeros of the College of Nanoscale Science and Engineering said, "For him to recognize the model, it's a great testimony."
Dr. Kaloyeros, senior vice president and CEO of the College of Nanoscale Science and Engineering, said with state's financial assistance and investments from private companies, the NanofabX facility, where the president made his remarks, will be the only one in the world manufacturing 450mm wafers. Meanwhile, just a half hour north in Malta, GlobalFoundries is about to ramp up production on its 300mm wafers, forming arguably one of the most formidable tech clusters in the world.
GlobalFoundries Spokesperson Travis Bullard said, "What's happening here in this region, and we're obviously a big part of that, is really an example for what can be happening around the United States."
The nano college and GlobalFoundries have created about 5,000 jobs to date, making them part of the inspiration for the president's official to-do list that he outlined Tuesday - a five-point plan for job growth through tax incentives designed to get companies just like GlobalFoundries and the ones invested in the nano college - like IBM, Intel and Samsung - to come back from oversees and do business in America, and more specifically, New York.
"Now I want what's happening in Albany to happen all across the country, places like Cleveland, Pittsburgh, and Raleigh," said President Obama.
The president said he plans to take this message along with him all over the country over the next few weeks as he outlines his plan for job growth, using New York's Capital Region as a blueprint to make that happen.