Week in Review: September 2 – September 6, 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:
REGIONAL ECONOMIC DEVELOPMENT NEWS
A look inside the construction of UAlbany’s $180 million ETEC building
“A $180 million University at Albany building is taking shape at the Harriman state office campus in Albany.
The Emerging Technology and Entrepreneurship Complex, or ETEC, is around 35% to 40% complete, said Jeff Graham, the project manager, during a tour of the site Tuesday.”
$417K in grants awarded to New York colleges, manufacturers
“A non-profit organization has awarded more than $400,000 worth of grants to manufacturers and colleges across New York state.
The $417,165 award from FuzeHub, an Albany-based business development service, is the second round of funding this year from the Jeff Lawrence Innovation Fund, which allocates $1 million annually for five years for purposes “designed to spur technology development and commercialization across New York State,” according to a press release.”
Schenectady’s Rivers tops among N.Y. casinos in sports betting
“Resorts World Catskills Casino Resort will hold a grand opening for its sports gambling lounge Thursday, completing the quick rollout of newly legalized betting on sports in New York state’s non-Indian casinos.
The 6,000-square-foot space, called Sportsbook 360, includes three dozen flat-screen televisions in an arc around a central bar, plus more than a hundred seats, cashier windows and self-serve kiosks.”
Ecovative spins off plant-based meat business into new company
“The executives behind Ecovative Design — the Green Island company that makes environmentally friendly materials from mushroom technology — are starting a new business focused on developing plant-based meat.
The company, Atlast Food Co., will be based at Ecovative’s Green Island headquarters to start, and will be looking for capital investment and an expansion of its management team before the end of 2019.”