Paterson’s Latest Idea: A High-Tech Economy

ALBANY—The governor’s office just released this new economic development plan, which David Paterson unveiled with much fanfare in a speech

ALBANY—The governor’s office just released this new economic development plan, which David Paterson unveiled with much fanfare in a speech to the New York Academy of Sciences today.
The plan proposes investing in emerging technology to help diversify the state’s economy, providing loans to students, working toward breakthroughs in stem cell and nanotechnology research ($650 million for stem cell research over the next decade), providing a state match for some federal grants and modernizing the state’s power grid.
“If Thomas Edison were to look at our electronic grid, he would say, you know, ‘Probably not much has changed,'” Paterson said, calling the current grid “antiquated” and “obsolete.

Paterson’s Latest Idea: A High-Tech Economy