December 8 2017

CEG Economic Development Week in Review – December 4 – December 8, 2017


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:


Times Union: CEG study says R&D spending up at schools

SUNY Poly: CEG News Release: SUNY Poly the region’s biggest spender on engineering; fourth in the nation


Hudson Valley Community College is about to seek bids for $14.5 million training center

“Three dozen companies have donated $3.1 million to help Hudson Valley Community College build a new advanced manufacturing center on its campus in Troy, New York.

The two-year school will seek bids early next year to construct a $14.5 million training center, positioning Hudson Valley to prepare more students for careers as machinists, lathe operators and technical sales and marketing executives.”

Farm in Hoosick Falls finds lucrative organic milk niche

“Eric Sheffer can trace his family farm’s roots back to 1774.

To keep it financially viable, he recently transitioned the operation from a conventional dairy to full-fledged organic milk production, which yields higher prices and profit margins.”

Finch Paper: Loggers needed to support industry

“The North Country has an abundant supply of timber to support the region’s forest products industry.

The key is developing a trained, well-equipped workforce of loggers that employers such as Finch Paper, LLC, depend on for their livelihood, a company official said Tuesday.”

Plug Power CEO says business could triple in size in the next 5 years

“Plug Power CEO Andy Marsh says the Latham, New York, manufacturer could have more than 60,000 of its fuel cell units at more than 500 sites across the world by 2022.

As the cost of making the fuel cells decreases, and the global market for fuel cells expands, Marsh said Plug could have annual deployments of $500 million in the next five years compared to $180 million today.”

Google’s New York-based energy spinoff hires executives from Tesla, SolarCity

“Dandelion, a geothermal energy startup based in Albany, New York, that started on Google’s campus, has hired two new executives as the company looks to expand next year.

Ryan Hunter has been hired as vice president of operations. Hunter most recently served as the senior vice president of installation operations at Sungevity, a solar electricity company based in Oakland, California, that filed for bankruptcy earlier this year. Hunter was previously at SolarCity and Meridian Solar.”

Funding Partners