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New York nanotech centers merge

9/23/2010 05:39 PM EDT
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B Ian
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re: New York nanotech centers merge
B Ian   9/29/2010 11:54:38 AM
This is not totally accurate, the former CEO was Dave Smith. The new CEO has significantly turned the center around by driving private industry investment and work into the center. The merger, based on the press releases does seem to be a logical step for NY. Yes a lot of tax money was invested and this would seem the best option to leverage it to create further job growth.

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re: New York nanotech centers merge
Warren3   9/23/2010 9:50:41 PM
I wonder what the back-story is on this happy face merger announcement. ITC shows up in a March, 2008 story where former CEO Sam Casella notes that "As far as I'm concerned there are no fears" [of losing funding if then Governor Spitzer resigns]. In June, 2008 Casella is ousted and in that story former CEO Duncan Moore is quoted as noting that "The state and federal government have poured a tremendous amount of money into this [ITC]." Is the merger meaningful or just a way to tidy up a a messy cash sinkhole of public funds?

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