Economic Development Week in Review – April 23 – April 27, 2018

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CEG IN THE NEWS

REGIONAL ECONOMIC DEVELOPMENT NEWS

Solar and gas industries fuel growth for this upstate New York manufacturer

“Surging demand for solar power and an uptick in the oil and gas industries are helping John Vogel rebuild his sales pipeline.

The chief executive of Tire Conversion Technologies Inc. in Latham, New York, expects sales will grow by 25 percent this year to $4 million.”

Troy company gets another patent for bacteria-killing light technology

“Vital Vio, the Troy, New York, company that design lights meant to kill bacteria, had its fourth patent awarded this week, and has several more pending.

The latest patent awarded is for its “single diode disinfection” technology, which allows for single component integration into LED light engines, making the lights compatible to a wide range of LED light fixtures and other products.”

Port close to buying 80 acres on the Hudson River

“The Port of Albany has reached a tentative agreement to buy 80 acres on the banks of the Hudson River for $5.25 million.

General manager Rich Hendrick said the port made a deposit on property in Bethlehem, New York, that would increase the size of the port by 25 percent. Once engineering and soil studies are finished, a sale could be completed before the end of this year.”

Etain introduces new water soluble powdered product

“The state Department of Health has granted approval of a new product for a Warren County medical marijuana producer.

Etain, the Chestertown-based family owned organization, announced it will offer the state’s first water soluble medical marijuana powder which went on sale on Friday, according to a news release.”

Linium hiring index shows optimism for 2018

“Linum Recruiting’s latest local hiring survey shows that local employers are more optimistic than ever about being able to fill jobs with local candidates.

 The survey of 109 human resource professionals found that 70 percent of employers are “most successfully” recruiting candidates from within the Capital Region, up from 64 percent last year and the highest since the survey started in 2015.”

New York BizLab celebrates three years of innovation

“The New York BizLab, the start-up incubator on State Street in downtown Schenectady, is celebrating three years in existence this week.

 By historical standards, the project, backed by Transfinder owner Antonio Civitella and operated by Rick D’Errico, his public relations director, has been extremely successful.”

CEO recounts 20 years of growth for Kitware

“Kitware said Thursday it plans to occupy its new headquarters on Route 9 in Clifton Park this summer.

The move will follow a mostly upward 20-year curve in which the software company has grown from five employees working at a kitchen table to 160 working in five offices and bringing in $17 million in annual revenue.”