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Rensselaer Polytechnic Institute - Why not change the world?
Impacting the Capital Region *
Partnering for Success in
an Ever-Changing Economy
* Introduction
Growing a Major Regional Enterprise
New Knowledge for a New Century
Translating New Ideas into New Business
Partnering for Success in an Ever-Changing Economy
Full Report: “The Impact of Rensselaer Polytechnic Institute on the Economy of the Capital Region and New York State” (PDF format)
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The economy of the 21st century will provide an ever-expanding array of opportunities for the communities of the Capital Region and for their residents. To take full advantage of these opportunities, the people of the Capital Region will have to be equipped with the higher level skills that the new economy demands. And the region’s communities will have to ensure that they are attractive places for the most talented people to live, work, and do business.

In partnership with the City of Troy and other nearby communities, Rensselaer is working to ensure that its neighbors are prepared to take advantage of the opportunities the new economy offers. Each year, for example, the Rensselaer Alliance to Increase Student Excellence (RAISE) offers after-school, weekend, and summer classes and research experience in mathematics, chemistry, and physics to 900 middle and high school students. Similarly, Rensselaer’s Technology Integration Initiative is working with elementary and middle school teachers in five local school districts to integrate information technology more effectively into everyday classroom activity.

Rensselaer is also an active partner in the physical and economic revitalization of the City of Troy. In 1995 Rensselaer, Russell Sage College, the Emma Willard School, Northeast Health, and Seton Health agreed to create and fund the Troy Redevelopment Foundation, which to date has contributed $3.2 million to projects such as the establishment of a small business revolving loan fund, the creation of a business improvement district and a visitors’ center in downtown Troy, and a study of the Hoosick Street commercial corridor.

Rensselaer has partnered with the City of Troy in the revitalization of its downtown, by moving several research centers and administrative departments into the downtown area, by managing the renovation and reuse of the historic Rice Building, and by working with the city on the development of a high-speed broadband network in the area.

For nearly two centuries, Rensselaer has been a vital contributor to the success of New York’s Capital Region. Through its teaching, research, business development, and community-building efforts, Rensselaer is contributing directly to the economy, attracting and retaining talent, discovering new knowledge and translating it into new businesses, fostering economic growth, and partnering with the local communities to grow the regional area.

 
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