For Release — Friday, January 18, 2002
DANIEL B. WALSH
President and CEO, The Business Council of New York State
Re: GE's announcement that it plans to invest
$100 million in R&D center in Capital Region
This is a spectacular new investment in the Capital District-and, even more important, a welcome vote of confidence in the economic future of upstate New York.
So much of General Electric's past glory traces to the research begun here under Charles Steinmetz. The future of this great company will also be made in the Capital Region.
New Yorkers are deeply gratified to know that a future generation of new technologies and products will proudly reflect investment in New York, and proudly wear an "Invented in New York" label.