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NYS Gov. Eliot Spitzer Announces Funding For Potsdam Project

As part of a meeting of business and community leaders in Syracuse, New York State Governor Eliot Spitzer today announced funding from his City-by-City Plan that will set in motion several high priority projects in Syracuse and Potsdam focused on spurring private sector investment in core upstate communities.

See the news release on the Governor's Web site at and a fact sheet at yFactSheet.pdf .

The Village of Potsdam has worked in partnership with Clarkson University to redevelop part of the University's downtown campus to spark new business development. The announced commitment of $2.2 million from New York State will be used to renovate Peyton Hall, part of a larger complex of buildings vacated from academic usage that is now being converted into usable space to bring new growth and vitality to downtown Potsdam.

Clarkson University President Tony Collins was present for the announcement as were three members of the Village of Potsdam's economic development team - Mike Weil, Fred Hanss and Jim Murphy.

Collins said that the Governor's decision to announce this funding in Syracuse is symbolic of the reach and partnerships Potsdam and Clarkson have developed to be considered part of a greater regional economic network. "Together, we are all committed to making Potsdam a pivotal regional center that is known for being a premier place to live and work," said Collins.

Collins pointed to companies like St. Lawrence Nanotechnology, Golden Technology Management, and its successful spin-off of Zero Point Inc., as well as the work of Ray Fountain and the St. Lawrence County Industrial Development Authority, which are critical to demonstrating the capabilities and interest of the community towards increasing the economic base of the region.

Clarkson University, located in Potsdam, New York, is a private, nationally ranked university with a reputation for developing innovative leaders in engineering, business, the sciences, health sciences and the humanities. At Clarkson, 3,000 high-ability students excel in an environment where learning is not only positive, friendly and supportive but spans the boundaries of traditional disciplines and knowledge. Faculty members achieve international recognition for their research and scholarship and connect students to their leadership potential in the marketplace through dynamic, real-world problem solving.

[News directors and editors: For more information, contact Annie Harrison, Director of Media Relations, at 315-268-6764 or]

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