CEG Economic Development Week in Review – January 15 – January 19, 2018
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Susan Rosko Fogarty, executive director of the Palace Theatre, said major renovations to the theater are a critical piece to transforming downtown Albany, New York, into a place where people want to live and businesses want to grow.
‘Even though we’re enjoying a reasonable rate of unemployment in the northeast, you talk to business leaders and there’s still a mismatch in the skillset,” Fogarty said. “The folks people are trying to attract to this area are still not always coming here. And then you go to the intangible, how many businesses are not coming here that we don’t even know about because we don’t have enough to offer.’”
“Construction of apartments is surging in this city as developers add homes for people looking for jobs private sector and public jobs in the so-called “Rensselaer Triangle,” official said.
Millions of dollars have been spent over the last year to to build apartments that have increased the city’s housing units by 4.5 percent.”
“Four companies were awarded a total of $40,000 in cash and services on Tuesday as part of a program that helps biotechnology start-ups bring their products to market.
The firms presented business plans last December during a competition as part of the BACC Academy, a partnership between Albany Medical College and Siena College and an extension of the Biomedical Accelerator and Commercialization Center at Albany Med.”
“Empire Exhibits & Displays Inc. will spend up to $500,000 to build more production and warehouse space in Halfmoon, New York.
Owner Craig Koehler is expanding the business after purchasing 2.7 acres from the owners of the former DiSiena Furniture.”
“Transfinder, the Schenectady-based transportation software company, generated record revenue of $13.67 million in 2017, an 8 percent increase over the previous year when it brought in $12.65 million in revenue.
Transfinder sells bus routing software to school districts but has been branching out into municipal and health care transportation software as it looks to diversify its customer base and keep growing.”
“Capital Region BOCES will create a new pipeline of technicians to troubleshoot delays and repair equipment at the GlobalFoundries computer chip plant in Malta, New York.
High school seniors from 23 school districts and adults will begin enrolling in the coming weeks for a year-long engineering technician training program that begins in September.”