ALBANY, N.Y. -- The SUNY College of Nanoscale Science and Engineering acquired Albany's Kiernan Plaza in August, saying it would transform the area into the Smart Cities Technology Innovation Center.
Smart cities technologies include smart devices, sensors and computer chips, integrated systems, and operating software that collect and analyze data for monitoring highway conditions and improving traffic flow; protect vital infrastructure, such as bridges, data centers and utility installations; safeguard facilities, including wastewater treatment plants; and provide e-safety and security in educational settings.
On Monday, the first three tenants of that property were announced: SEFCU, CHA, and Wind Stream.
Michael Castellana, president of SEFCU, says the company will move its corporate headquarters and executive team to the plaza. Officials say the move will create 130 new jobs.
He also announced that the credit union will also be providing incentives to homeowners and businesses to
try to get more people to live and work downtown.
"Now we're down here saying we will help you and provide
incentive to get other companies to jump on it," he said. "It's all about momentum the more people we have
working down here the more living here."
CNSE was awarded $4 million as a part of Governor Cuomo's Regional Council initiative to support the purchase and fit-up of Kiernan Plaza to attract smart cities technology jobs and companies to downtown Albany.
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