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After a year and a half of investigations by state and federal prosecutors, SUNY Polytechnic Institute finds itself on the verge of something new.
The school, which has campuses in Albany and Utica, fell from grace last September when its founding president, Alain Kaloyeros, was arrested on criminal bid-rigging charges.
Although Kaloyeros has denied any wrongdoing and is fighting the charges while he is trying to get his faculty position back, SUNY Poly’s image — and billions of dollars in state-funded high-tech commercial manufacturing projects — took a hit.
There has been a lot of blame going around. State officials believe that Kaloyeros took on more than he could handle, while industry sources say he was their biggest champion whose wings were clipped by multiple investigations, including one by Gov. Andrew Cuomo himself.
Now the state vows to push on, trying to save projects that promised thousands of jobs while also trying to make SUNY Poly sustainable moving forward.
Will it work? The Capital Region’s high-tech economy depends on it to work.
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