The Capital District (Albany and surroundings) of New York State has been trying to rebrand itself as "Tech Valley." There are some good educational and research facilities in the area, led by RPI. But the centerpiece of the transformation was supposed to be a new, ultramodern chip fab plant. AMD's manufacturing subsidiary, GlobalFOUNDRIES, got huge tax breaks as an incentive to build there.
Construction took years longer than first estimates, and slowed to a halt a few times. Rumor says that lack of money was the cause. The plant is supposedly nearly complete, but they still haven't ramped up to anywhere near full production capacity.