February 23 2018

CEG Economic Development Week in Review – February 19 – February 23, 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:



Making room for more

“GlobalFoundries is installing two extreme ultraviolet lithography machines at its Fab 8 computer chip factory in Malta.

The machines, made by the Dutch company ASML, are so good at etching transistor designs into computer chips at the smallest sizes possible that they cost $200 million each.”

The Promises and Challenges of EUV at GlobalFoundries

“One of the reasons I was so intrigued to visit GlobalFoundries earlier this month was for the opportunity to see an EUV lithography machine in place and to hear about how the firm plans to use it.

Not long ago, I had a chance to visit a factory in Connecticut where ASML builds many of the components for such an EUV machine. These enormous tools use extreme ultraviolet (EUV) light shone through a mask to delineate the lines for very small features of chips, and are some of the most complex machines in the world. They are designed to take the place of the now-standard immersion lithography machines that use light with a wavelength of 193nm in some layers of the chipmaking process.”

New brewery and winery coming to Saratoga Springs

“When Debreen Oliva and her husband, Tony, open their new brewery and winery next month in Saratoga Springs, it’ll likely be much different from their last business opening. 

The couple, who moved to Saratoga Springs in 2006 from northern New Jersey, bred race horses while operating Oliva Vineyards in Fort Edward. “

Schumer promotes cybersecurity programs at SUNY Adirondack

“U.S. Sen. Charles Schumer plans to seek federal funding so other community colleges can replicate SUNY Adirondack’s cybersecurity program.

“This kind of program could be a model for some of the other community colleges throughout the state — even the country,” he said Monday during a visit to the campus.”

OUTLOOK: Glens Falls DRI moves into second gear

“EDC Warren County President Edward Bartholomew has said that 2018 is the year when the Downtown Revitalization Initiative moves from planning to action.

“Now we’re starting to break out from the huddle and get into the play,” he said at a recent meeting of the Glens Falls Local Development Corp.”

OUTLOOK: AngioDynamics plans a year of training

“With more than 50 job openings, big improvements in research and development, and new product lines moving to the Queensbury and Glens Falls plants, this is going to be a big year for AngioDynamics.

Last year was more difficult for the small company, which was founded in Queensbury in 1988. New CEO Jim Clemmer decided to close two of the company’s plants, in Manchester, Georgia and in the United Kingdom. He consolidated all of the company’s manufacturing in Queensbury and Glens Falls, which now has 563 employees.”

Taconic Biosciences has new headquarters

“Community leaders welcomed lab animal company Taconic Biosciences to its new local headquarters on Friday at a ribbon cutting ceremony.

Founded in 1949, Taconic Biosciences is a breeder and supplier of laboratory animals, producing selectively bred and genetically engineered mice and rats for research use.”

Cool Insuring Arena Finishes 2017 In The Black; Continues To Look For Improvement

“The Glens Falls Civic Center had been a big part of the community over the years and the area was proud of its hockey team—and supportive.

But the center itself was losing money, about $600,000 a year, according to Jeff Mead, general manager of the facility, which in 2017 became Cool Insuring Arena.”

GE scientists’ sweat patch helps prevent dehydration

“A wireless sweat patch developed by scientists at General Electric Global Research could help athletes, construction workers, firefighters and others working in sweltering or high-stress conditions keep from becoming dehydrated.

Made from materials used in medical tape and wound dressings, the adhesive patch contains tiny valves and lanes that channel sweat to a sensor — a design inspired by the micro-channels used in jet engines to handle airflow coming through the engine. An electronic module and small rechargeable battery, about the size of a watch battery, attach to the disposable patch.”

Watervliet Arsenal lands howitzer contract

“The Watervliet Arsenal announced another new contact Wednesday: A $13.5 million deal to upgrade 400 self-propelled howitzer systems.

The order will result in more than 30,000 hours of direct labor at the facility, and brings the total value of new contracts awarded to the arsenal since Oct. 1 to nearly $90 million.”

JUST rolling out new infused beverages, tiny bottles

“Jaden Smith, who is a co-investor of JUST Beverages with dozens of others which manufactures JUST Water, shared a video on his Twitter account of a new product rolling on the line in Glens Falls.

Plenty of comments followed thinking the traditional blue bottle was no more, but more to the story is a new product line.” 

Funding Partners