Tech Valley
| Tech Valley | |
| Region | |
| Name origin: From "Tech" for the high-tech industries and "Valley" for the Hudson Valley | |
| Country | United States |
|---|---|
| State | New York |
| Region | Upstate New York |
| Counties |
19
|
| Principal cities | Albany, Schenectady, Troy, Newburgh, Poughkeepsie, Plattsburgh, Kingston, Malta, Glens Falls |
| Highest point | Mount Marcy |
| - location | Keene, Essex County |
| - elevation | 5,343 ft (1,629 m) |
| Lowest point | Hudson River at sea level |
| - elevation | 0 ft (0 m) |
| Area | 15,637 sq mi (40,500 km2) |
| Population | 2,312,952 (2010) |
| Density | 148/sq mi (57/km2) |
| Timezone | Eastern Standard Time (UTC-5) |
| - summer (DST) | Eastern Daylight Time (UTC-4) |
| Area code | 518 and 845 |
 |
|
| Website: http://www.techvalley.org | |
Tech Valley began as a marketing name for the eastern part of the U.S. state of New York, encompassing the Capital District and the Hudson Valley. Originated in 1998 to promote the greater Albany area as a high-tech competitor to regions such as Silicon Valley and Boston, the moniker subsequently grew to represent the counties in New York between IBM's Westchester County plants in the south and the U.S.-Canadian border to the north, and has since evolved to constitute both the technologically-oriented metonym and the geographic territory comprising most of New York State north of New York City. The area's high technology ecosystem is supported by technologically-focused academic institutions including Rensselaer Polytechnic Institute and the State University of New York Polytechnic Institute. Tech Valley grew from encompassing 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 2015, venture capital investment in Tech Valley had grown to US$163 million. Westchester County has developed 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.
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