December 21, 2007
By: by The Business Review, Richard A. D'Errico
This year's "Hot 10" list includes the name of one person who has intentionally flown below the radar, and one that received more national attention than he probably wanted.
"We've done very well," said Mark Campito, chief executive at Marktech Optoelectronics in Latham.
The Hot 10 list is compiled by the Albany-Colonie Regional Chamber of Commerce. The list was voted on by an adhoc panel assembled by the chamber. In the past, local reporters chose the list.
Campito said his company, which makes more than 1,000 products focused on light-emitting diode (LED) technology, has the most employees--31--in its 23-year history.
"We're continuing to hire. We're looking forward to another great year this year, so many products coming out, we just need the people to handle it," he said.
One reason for the spurt in growth is the company began manufacturing this year. It has a manufacturing plant in China and remains the exclusive North American distributor for Toshiba's optoelectronic products.
Gov. Eliot Spitzer also made the Hot 10 list. It wasn't for his controversial plan to allow undocumented workers to receive licenses--a plan he eventually withdrew after receiving negative national attention. It was for playing a role in International Sematech's decision this year to relocate to the University at Albany's College of Nanoscale Science and Engineering. The state approved $300 million in funding to support International Sematech's expansion at the state University at Albany. Sematech plans to create 450 jobs at UAlbany.
Joining Spitzer on the list was the state Senate because it provided $250,000 to the Tech Valley Chamber Coalition to expand a program highlighting science and math initiatives.
This year's list had three names that made it to last year's Hot 10 list: Alain Kaloyeros, vice president and chief administrator officer of UAlbany's NanoCollege; Rensselaer Polytechnic Institute President Shirley Ann Jackson and Glenn Epstein, former president and CEO of Intermagnetics General Corp., who led the company through a $1.3 billion acquisition by Royal Philips Electronics. He left the company months earlier than expected because the transition was so smooth.
The remaining winners were: