January 22, 2015
Albany Times Union
SUNY Polytechnic Instituteâ€™s contributions to Albanyâ€™s economy run deep. As a longtime business owner in Albany, I would suggest that discussion of SUNY Polyâ€™s economic contribution to the cityâ€™s well-being (â€œIs $1.5M new or old aid?â€ Jan. 15) must also recognize the impact the college is having in driving investment and growth in our private sector.
My company, Noble Gas Solutions, is a perfect example. At the same time we celebrate our 75th anniversary as a fixture in downtown Albany, we are launching a new phase of growth that is a direct result of the nanotechnology economy spurred by SUNY Poly.
We invested more than $500,000 to set up a â€œspecialized gas laboratoryâ€ â€“ the only one of its kind in New York state â€“ that allows us to develop, test and produce ultra-high purity gases for use by SUNY Poly and its partner companies. We have already hired new staff and anticipate hiring more.
We made this investment because it gives us a competitive edge in the industry that is shaping our future, a testament to the leadership of Gov. Andrew Cuomo and the vision of SUNY Polyâ€™s Alain Kaloyeros. It also positions us to build on our work in other high-tech industries, from pharmaceutical to clean energy. Weâ€™re hardly alone in this regard. Companies throughout Albany, the Capital Region and the state are using this opportunity to position themselves for future growth.
We see a bright future on the horizon, and with the presence of SUNY Poly, have every confidence that Nobleâ€™s next 75 years will be even more prosperous.
J. David Mahoney
Owner, President and CEO, Noble Gas Solutions