Alain Kaloyeros, president and CEO of SUNY Polytechnic Institute, talks with Rensselaer, New York, mayor Dan Dwyer Thursday at an event announcing an initiative to bring tech jobs to to blue-collar city. The Albany skyline is seen in the distance.

Alain Kaloyeros, president and CEO of SUNY Polytechnic Institute, announced today an initiative to bring high-tech jobs and housing to the Hudson riverfront in the city of Rensselaer, New York, on a site that was previously pitched for a casino.

Kaloyeros, appearing alongside Rensselaer Mayor Dan Dwyer, explained how the initiative could impact the blue-collar city in a way similar to the transformation that has occurred across the river at the $20 billion SUNY Poly campus on the outskirts of Albany. Over the past 15 years, investments at the nanotech campus have created more than 3,500 science and research jobs.

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