Category Archives: Technology

Ginna Nuclear Facility generates $358 million per year for New York economy

A study of the economic impact of the R. E. Ginna Nuclear Power Plant in Ontario, NY, released today by the Washington, D.C.-based Nuclear Energy Institute, concludes the plant adds $358 million to New York’s economic output and nearly $450 million across the entire U.S. economy.

“This study confirms that Ginna greatly strengthens the local, regional and state economies through job creation, tax payments, and direct and secondary spending. In many ways, nuclear energy facilities and their employees are invaluable to the quality of life in the communities where they operate,” said Richard Myers, NEI’s vice president for policy development, planning and supplier programs.

The study analyzed the impact of Ginna’s operations through 2029—the end of its 60-year operating license. Spending, and thus the economic impact of the plant, is considerably higher in years with refueling and maintenance outages when an additional 800 to 1,000 skilled workers earn up to $25 million. Ginna performs this type of outage on an 18-month frequency.

The full study is available here.

“Operationally, Ginna is an outstanding performer and is recognized as a reliable generating asset in the nuclear industry,” said Maria Korsnick, chief nuclear officer, Constellation Energy Nuclear Group and senior vice president, Exelon.

“Ginna creates very positive financial impacts for the entire state of New York and, as this study shows, it is a very important asset for the local economy providing affordable, reliable, baseload electricity that New York homeowners and businesses can count on. Ginna also provides tremendous carbon-prevention benefits that are all too often overlooked. This study affirms Ginna’s importance as a powerful economic engine and a clean energy asset.”

The R.E. Ginna Nuclear Power Plant is located on 426 acres along the south shores of Lake Ontario in Ontario, N.Y., about 20 miles northeast of Rochester. Ginna is a Westinghouse pressurized water reactor with an output of approximately 580 megawatts—enough electricity to power 400,000 homes. The U.S. Nuclear Regulatory Commission has licensed the plant to operate through 2029.

Cornell Tech Announces $50-Million Naming Gift for Verizon Executive Education Center

Cornell Tech today announced a $50-million gift from Business Council member Verizon for the development of one of the innovative aspects of its Roosevelt Island campus, the Verizon Executive Education Center.

The center will be part of the first phase of the campus, which began construction last month and is due to open in the summer of 2017. When fully completed, the campus will include two million square feet of state-of-the-art buildings, more than two acres of open space, and will be home to more than 2,000 graduate students and nearly 280 faculty and staff.

“This is a transformative gift that will help enormously to advance our mission of bringing academia and industry together,” said Cornell University President David J. Skorton. “The campus will welcome everyone interested in using technology to advance the economy and to make the world a better place, and the Verizon Executive Education Center will be at the center of it.”

Cornell Tech is a revolutionary model for graduate education that fuses technology with business and creative thinking. Cornell Tech brings together like-minded faculty, business leaders, tech entrepreneurs and students in a catalytic environment to produce visionary ideas grounded in significant needs that will reinvent the way we live.

Cornell Tech’s temporary campus has been up and running at Google’s Chelsea building in New York City since 2012, with a growing world-class faculty, master’s and PhD students, and postdocs who work with tech-oriented organizations and companies and on their own startups.

“Our donation to Cornell Tech is an investment in the future and fits perfectly with our mission to use communications technologies to solve big challenges and make people’s lives better,” said Verizon Chairman and CEO Lowell McAdam. “The Verizon Executive Education Center will be a magnet for developers, entrepreneurs, educators and innovators across all industries, building on the great talent and creativity we already have in the tech sector in New York City.”

In addition to the Verizon Executive Education Center, the first phase will include the First Academic Building with an open plan and collaborative work spaces, taking its cue from the tech world. It is designed to be among the largest net-zero energy buildings in the United States, with all of its power generated on campus. A corporate co-location building will also be located on campus. The co-location building will fuse academia and industry by providing space for established tech companies and startups to locate on campus. A residential building will be constructed for faculty, staff and students to ensure the campus is active 24/7.

To read the complete announcement from Cornell Tech, please click here.

Verizon challenges middle and high school students to develop innovative apps

Business Council member Verizon is once again calling on middle school and high school students to gather their teams, dream up ideas, and create concepts for mobile apps that could solve problems in their schools and communities.

The first two Verizon Innovative App Challenges have encouraged thousands of students to develop an interest in science, technology, engineering and math, the so-called STEM subjects, and have awarded cash grants totaling $340,000 – and 130 new tablets, courtesy of Samsung Telecommunications America – to winning teams. Verizon is extending the program as part of its commitment to the Obama administration’s ConnectED initiative, to which the company has pledged up to $100 million in cash and in-kind contributions over the next three years.

This year’s program will name eight teams Best in Nation and reward them with cash grants of $20,000 each and new Samsung tablets for each team member. The deadline for submission is Nov. 24, and the winners will be named in January 2015.

Teams can register now and learn more about the Verizon Innovative App Challenge at (www.verizonfoundation.org/appchallenge).

New York Power Electronics Manufacturing Consortium announced

Business Council members General Electric Co., IBM, and GlobalFoundries joined Governor Cuomo to announce the creation of the New York Power Electronics Manufacturing Consortium.

The consortium is expected to create jobs in New York, including 500 in the Capital Region and another 500 in the Rochester area.

The New York Power Electronics Manufacturing Consortium (NY-PEMC) is a public-private partnership of more than 100 companies and universities that will help develop the next generation of materials used on semiconductors at State-owned R&D facilities.  Managed through the newly merged SUNY College of Nanoscale Science and Engineering (CNSE)/SUNY Institute of Technology (SUNYIT), this next generation of semiconductors will enable power devices to get smaller, faster and more efficient as the current material, silicon, has reached its entitlement.

Dr. Alain Kaloyeros, chief executive officer and officer in charge, SUNY CNSE/SUNYIT, said, “Partnering CNSE’s world-class research and development resources with the combined expertise of our corporate and university partners will provide tremendous advances for the business, technology and academic communities.”

GE Chairman and CEO Jeff Immelt said, “GE is proud to support New York’s Power Electronics Manufacturing Consortium, which places New York at the forefront of the next revolution in power. By partnering, we are bringing breakthrough reliable technology to market faster and at lower cost so our customers and global industries see major productivity gains and operate at peak efficiency.”

The partnership is enabled by the START-UP NY tax free initiative, in addition to $135 million in New York State funds provided to CNSE for the establishment of the NY-PEMC facilities, which will attract $365 million in private funds for a total 5-year investment of $500 million.

Collaboration with CNSE will enable the expansion and growth of both major corporate partners and small and medium-sized enterprises within a vibrant power electronics device and systems integration eco-system.

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Verizon invested more than $1.6 billion in New York’s and Connecticut’s wireline telecommunications infrastructure in 2013

Business Council member Verizon recently announced that the company spent $1.6 billion on fiber-optic and Internet Protocol-based networks in New York and Connecticut in 2013.  The company said that much of the money was used to replace cables and other infrastructure that was destroyed during Superstorm Sandy.

Verizon also highlighted an agreement that it reached with New York City last year to conduct a pilot program of “microtrenching,” which enables its technicians to install fiber-optic cables in a manner that is much less disruptive to streets and sidewalks.

Kevin Service, Verizon’s president for consumer and mass business in the Northeast, said, “Our network investments in New York and Connecticut provide an engine for economic growth through our aggressive wireline and wireless networks and IT deployment.  No other company is as deeply tied on a daily basis to the residents and the economy of the region as Verizon. Our advanced networks enable new businesses to grow, small businesses to percolate, give schools and educators a platform for learning, and provide families a means to connect.”

Read more about Verizon’s major wireline infrastructure programs in 2013 on Verizon’s website.

 

October is Cyber Security Awareness Month

Governor Cuomo announced the start of Cyber Security Awareness Month in New York and issued a proclamation in support to raise citizen awareness about cyber based threats and how to stay safe online.

In its 10th year, the goal of the national campaign is to raise cyber security awareness across the country and remind citizens, businesses, government, and schools that being safe and secure online is a shared responsibility.

The NYS Office of Information Technology Services, Enterprise Information Security Office (ITS EISO) is providing a number of educational resources to the public, including an electronic Cyber Security Awareness Toolkit. The Toolkit includes cyber security themed posters, calendars, guides, brochures, and other content that can be downloaded to help promote and reinforce cyber safety in practical, informative, entertaining, and usable ways.

Today, The Business Council Tech Roundtable will focus on the topic of cyber security as Richard Comeau, executive director, Security Benchmarks Division Center for Internet Security (CIS) discusses Cyber-Security Challenges to Government and Business Operations.

Op-ed: Firms meet wireless reality

An op-ed by Heather C. Briccetti, Esq., president and CEO of The Business Council of New York State that ran in the Albany Times Union supports the need to invest in new telecommunications infrastructure

While traditional landline service will not go away anytime soon, services such as Verizon’ Voice Link, implement new technology to provide service to areas that may be better served by it.

This technology provides relief to subscribers who face chronic service issues.  Wireless and fiber optic options will help meet future demand and is a smart investment as opposed to investing millions in updating an outdated copper infrastructure

Read the full op-ed on the Times Union website.

Apple and GlobalFoundries

Apple and GlobalFoundries have been in talks to work together according to U.S. Sen. Charles Schumer (D-NY) and a series of news reports.  Samsung currently makes a chip for Apple but the arrangement is set to be renegotiated in the near future. The Malta GlobalFoundries plant has the capacity to manufacture 60,000 wafers a month.  The reports speculate that a manufacturing partnership between Apple and GlobalFoundaries would be a major boost for the upstate economy. Silicon chips run all of today’s digital devices including computers, smartphones, mobile devices, medical equipment and defense systems

IT jobs are the “it” jobs in New York City

IT professionals with experience in security made the biggest gains, with base salaries jumping 61% in 2013

Manhattan-based tech staffing company, Mondo, released a survey showing that the base salary of information technology professionals jumped to $145,000 in 2013. The reasons are simple: cyberthefts and cyberattacks have also jumped, costing companies big money.

Matthew Flamm, reporter for Crain’s New York Business, breaks down the pay increases for other technology professionals.