March 15 2019

CEG Economic Development Week in Review: March 4 – March 8, 2019

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:


Business Review: The region’s video gaming community has grown to 400 jobs. Here’s how it could level up

Times Union: Local video gaming industry on growth path

Saratoga Business Journal: CEG Official: Area Counties Seeing Good Economic Growth Compared To Other Areas

Daily Gazette: Capital Region’s video game development cluster continues to grow

WAMC: HV Gamer Con Announces Broadcast Partnership   

Times Union: Gaming plays growing role among “Tech Valley” startups

ECAC: HV Gamer Con Announces Major Broadcast Partnership


What’s changed since a Saratoga video game company took on one of the world’s most popular games

“Brian Corrigan has traveled around the world and back again since his video game studio, MadGlory, was acquired by PUBG Corp., a video gaming studio out of Seoul, South Korea last year.

In that year, Corrigan has gone to Seoul, Taiwan, Germany and California. And PUBG MadGlory in Saratoga Springs has expanded its office on Phila Street, adding more than 20 new jobs, and taken over control of an office in Madison, Wisconsin.”

Capital Region jobless rate matches all-time January low

“Unemployment in the Capital Region fell to 4.0 percent of the workforce in January from 5.0 percent a year earlier, the state Labor Department reported Tuesday. The report came on the heels of last Thursday’s jobs report, which said the Capital Region added 9,500 private-sector jobs over the past year.

The 4.0 percent rate tied the all-time low for the month of January set in 1999. But several metros, including Dutchess-Putnam and Ithaca (3.8 percent), and Nassau-Suffolk and Orange-Rockland-Westchester (3.9), were lower.”

Belgioioso Cheese gets final Glenville approval

“Belgioioso Cheese won final town approvals Monday to go forward with construction of a $25 million cheese plant in the Glenville Business and Technology Park that is expected to create nearly 50 new jobs.

The Glenville Planning and Zoning Commission gave final site plan approval for the 96,000-square-foot plant where the Wisconsin-based company will manufacture its specialty Italian cheeses. The plant will be located on a 40-acre site within the park on Route 5 west of Scotia.”

Why Core Tech is investing $2 million in Saratoga County

“George Hubschmitt plans to hire 20 electricians, pipefitters and foremen after his company builds a 30,000-square-foot expansion in Ballston.

The founder of Core Tech Industrial Corp. wants to bring assembly and testing jobs in-house after contracting out that work for the past 19 years.”

Glauconix Biosciences Completes Pilot Study Using Nemus Biosciences’ Bioengineered Cannabinoid-Based Compound for Glaucoma Treatment

“Glauconix Biosciences Inc., a specialty pharmaceutical company that uses its patented platform technology to develop human 3D ocular tissues that mimic the fluid dynamics in the eye to expedite and de-risk the R&D of ophthalmic treatments while reducing development costs, announced today that the data generated for Nemus Biosciences Inc. (OTCQB: NMUS) validates the mechanism of action of NB1111, Nemus’ proprietary prodrug of tetrahydrocannabinol (THC-valine-hemisuccinate, or THCVHS), in lowering intraocular pressure (IOP), a defining symptom of hypertensive glaucoma. Glauconix is located at the SUNY Polytechnic Institute’s Albany, New York, campus and is a partner in the institution’s Center for Advanced Technology in Nanomaterials and Nanoelectronics (CATN2).”

Columbia tied for second-lowest unemployment rate in state

“The New York State Department of Labor has released preliminary unemployment rates for January 2019, and Columbia County is tied for the second-lowest rate in the state at 3.7 percent.

Greene County’s figures track a bit higher at 4.7 percent, which is the 24th lowest rate in the state — and is the lowest January rate for the county in nearly 30 years.”

Tony Hynes is building the next generation of manufacturing

“Tony Hynes is a self-described former gym rat who had no technical training when he started a robot manufacturing company and built it into an international business with more than $70 million in annual sales.

His company, Precision Valve & Automation, makes machines in suburban Albany that customers use to produce vehicle dashboard screens, circuit boards, hearing aids and artificial hips.”

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