CEG Economic Development Week in Review – February 26 – March 2, 2018
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Just Water has changed just a little bit.
Three new flavors with new colorful packaging will be on displays in stores later this month; yellow for lemon, orange for tangerine and red for apple cinnamon. The package has more graphics, less text and now offers a mini, 330-milliliter container along with the traditional 500-milliliter container.”
“SUNY Polytechnic Institute has signed new leases with both IBM and the Research Foundation for SUNY at its Albany campus.
The leases were approved Monday afternoon by the Fuller Road Management Corp., SUNY Poly’s nonprofit real estate arm.”
“Five leases have been approved for lab or office space at SUNY Polytechnic Institute in Albany, New York, including one with a company spun out of GE’s Global Research Center in Niskayuna.
Menlo Micro Inc. is leasing just under 1,400 square feet on the first floor of NanoFab East, a 250,000-square-foot building on the college campus.”
“A family-owned industrial company is riding a surge of business into the best year they’ve had since 2012.
Northeast Power Systems Inc., based on Carey Road, already has $28 million in orders for this year. In their last best year, they had $24 million in orders for the entire year.
“How does the digital age affect the performing arts? What can the Capital Region do to encourage artistic development in the community? What would P.T. Barnum do today to draw audiences to live performances?
“He would’ve used tech,” said Susan Rosko Fogarty, executive director of the Palace Theatre in Albany.’
“CommerceHub, the Albany, New York, based e-commerce company, added Macy’s to its roster of big name drop-ship customers in January.
CEO Frank Poore said Macy’s is the sixth-largest online retailer in the U.S. The move follows a strong 2017, where CommerceHub signed six new retailer drop-ship customers, including another top 10 U.S. retailer, and the company’s first U.K. retailer customer.”
“Nine Pin Ciderworks has quadrupled its production in the three years since it launched in Albany, New York. But even though the craft cider company is growing rapidly, it’s resisting the temptation to expand nationally.
Focusing on “local” isn’t just a marketing pitch for Nine Pin – it’s a business strategy that has been key to its success in New York’s booming craft beverage industry.”
“Carver Laraway’s vision for a privately owned port on the Hudson River took years of persistence, a willingness to take risks, and millions of dollars. The investment of time and money has paid off.”