New York to build emerging tech R&D center

The University of Albany is building a new research and development complex that will focus on cybersecurity and data analytics, among other technologies.

The Emerging Technology and Entrepreneurship Complex is part of New York's NYSUNY 2020 Challenge Grant initiative and New York Gov. Andrew Cuomo’s New York Open for Business economic development agenda. According Cuomo's office, E-TEC will cost a total of $184 million and will be funded through previously appropriated funds.

E-TEC -- a single-building complex with 236,000 square feet of space -- will house four "R&D clusters":

Additionally, UAlbany’s College of Emergency Preparedness, Homeland Security and Cybersecurity, Office of Entrepreneurial and Commercialization Services and Small Business Development Center will relocate to the complex once it’s built.

The Albany location will put E-TEC near the state's Division of Homeland Security and Emergency Services and the state police headquarters in an effort to create relationships and push research efforts.

Construction is planned to begin next year, with completion expected in 2020.