February 16 2018

CEG Economic Development Week in Review – February 12 – February 16, 2018


Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on:


The Record: CEG and ACE lead discussion on the regional creative economy’s future

Times Union: VentureB series goes to RPI tech park


Shmaltz Brewing Co. In Clifton Park Plans To Open A Tasting Room, Brew Some New Beers

“Shmaltz Brewing Co. in Clifton Park is expanding this year, with plans in the works to establish an official tasting room in Troy, as well as create new beer brands.

Jeremy Cowan started the company in San Francisco. In 1996, he was driving around in his grandmother’s car in Northern California, delivering cases of beer. The company has come a long way since then. Cowan moved to New York City and established the Clifton Park brewery in 2013.”

New craft brewery planned in Malta

“A new craft brewery is in the works for Malta.

The Saratoga Economic Development Corp. announced the project Monday.

It entails construction of 25,000 square feet of commercial space at a cost of $2.5 million. The initial tenant, Unified Beerworks, will occupy about a quarter of that space, more than 6,000 square feet. The brewer expects to create seven full-time jobs in its first year and 15 by its third.”

Loudonville woman’s blanket wins awards at NYC trade show

“A Loudonville woman’s blanket creation won two awards at a February trade show at the Jacob K. Javits Convention Center in Manhattan.

A $269 blanket designed by Tracy Slocum of Pretty Rugged Gear was voted the “Best New Product” in a home furnishings and textiles section of the event, and later earned the “Best in Market” award.”

Watervliet Arsenal starts on $50 million order for India

“The Watervliet Arsenal, the U.S. Army’s only cannon factory, has started work on a $50 million order from the Indian army to make howitzer cannon systems.

The contract is the Arsenal’s largest in 30 years. The Arsenal will make M776 155 millimeter barrels and parts that are part of the M777A2 lightweight howitzer that BAE Systems is supplying to India through the U.S. Department of Defense.”

Fast-growing Schenectady startup expanding into new office downtown

“The Jahnel Group is preparing for the next stage of its fast-paced growth with a new office space in downtown Schenectady, New York, that will let the company grow to 100 employees.

The software company signed a lease for 11,000 square feet of space in what will be the new top floor of 134 State St., which was historically a Breslaw’s department store. The renovations are part of downtown Schenectady’s Mill Artisan District development.”

Beer boom: New York state says it now has record number of breweries

“New York state is now home to more breweries than at any time in its history, Gov. Andrew Cuomo announced today, citing licenses issued by the State Liquor Authority.

The number of breweries now tops 400, a figure that has more than doubled in the past five years.”

No, really: Schenectady named a top town for New York singles

“Schenectady, of all places, was named to a top-10 list of best cities for singles in New York state. Nope, not a joke. It’s Valentine’s Day, not April Fools. 

Homesnacks.net, which clearly has the best PR team in the biz, ranked the best 10 cities for singles based on: population density; percent of population that’s male vs. female (closer to a 50-50 ratio is better); percent of households with kids; median age; and number of unmarried people.” 

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