Manufacturing Key to Revitalization

The factories that are emerging in East Fishkill and all along the Hudson Valley are a key step in revitalizing the area. This corporate and government effort is helpful to everyone in the area. These factories that produce microprocessor chips are high skilled jobs that will continually boost the local economy. As other large corporations come into the area along with smaller ones, many jobs will be created. There will be an increased demand for construction bringing even more money to the Hudson Valley. The US is still a world leader in this type of microprocessor manufacturing.
One of the best aspects of the government’s role in subsidizing these firms is there payoff in the long run. The state of New York has invested $500 million so far but this is not a loss for the state at all. Along with there investment, they pledged to give tax breaks and other grants to revitalize the research and manufacturing in the area. This is a very wise step for the state of New York because something had to be done to bring the Hudson Valley back to its old thriving ways. The estimated impact over the next ten years is $2 billion. This will come from the workers wages and the other jobs that are created due to the opening of these factories. If there will already be this couple billion dollar increase in the first ten years, imagine what that can turn into as even more and more firms sprout and more jobs are created. This is a crucial step into revitalizing the area and it is nice to see that the United States is capitalizing on its high skilled manufacturing jobs. I think if the plans go as they seem, more people will be moving to the area so others will follow. These people who follow if they do not work in the factories can then come in and open other stores such as local marts or even work at the big chain stores that will come in to provide there service for the increasing working population. The economic impacts behind this revitalization are indisputable.