2/4/2011 6:55:00 AM

YNN: Nanotechnology gets full funding in Cuomo budget, amid cuts

YNN

CAPITAL REGION, N.Y. -- While most critics have focused on the Governor's proposed budget cuts to close the estimated $10 billion deficit. Others, focusing on the "growth" part of the plan.

"Governor Cuomo had a very powerful and simple message. If you want to grow the economy. If you want to reduce taxes, New York to be competitive, it's about jobs, jobs, jobs," said UAlbany College of Nanoscale Science and Engineering Senior Vice President and CEO Dr. Alain Kaloyeros.

He believes if Cuomo gets his way, the continued financial support is not only good news for companies already invested in the area. It's a message to others too.

Dr. Kaloyeros said, "The economy of the 21st century, there is only one way to grow it. That's innovation. And innovation requires investment." Full article and news video