Friday, June 08, 2007

Wall Street West

According to an article in the New York Times, Pennsylvania is looking to offer itself as an alternative to NYC as a backup facility site for New York City’s financial industry. Pennsylvania officials are promoting a nine-county region 100 miles west of Manhattan as the place to put backup facilities for Wall Street. Governor Rendell announced plans to build a $24 million fiber-optic network to carry data from Manhattan to Northeastern Pennsylvania (NEPA).

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