CEG Economic Development Week in Review April 10 – April 14, 2023
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Last year was a busy one for the region’s top commercial brokers.
CBRE-Albany regained the top spot on the Commercial Real Estate Brokers List after sliding to No. 2 on last year’s List.”
“When she returned to college in her 40s, Schenectady resident Jennifer Malave knew she’d have a lot to juggle.
After working for a ticketing broker for years, the Bronx native was looking for a change and, with encouragement from her niece, moved up to Schenectady in 2019 and became a full-time student at SUNY Schenectady. She was also working two part-time jobs to cover the cost of school and living expenses.”
“Munter Land Holdings was awarded nearly $1.5 million in tax incentives Tuesday to construct a $19.5 million plastic pipe factory in Saratoga Springs for Soleno Inc. of Canada.
The Saratoga County Industrial Development Agency unanimously approved tax exemptions for the project that is expected to bring up to 50 manufacturing and support jobs to the W.J. Grande Industrial Park, which is currently home to a Ball Metal aluminum can factory, a Quad magazine printing plant and beer distributor Saratoga Eagle Sales & Service.”
“Certified prosthetist Joe Fairley has established himself as an innovator in the field of prosthetics and orthotics.
His company, Ascent Fabrication, utilizes CAD (computer-aided design) and 3D print technology to create highly functional and innovative prosthetic and orthotic devices.”
“Troy-based startup Inspect Point is growing its products and its team.
Inspect Point’s software allows fire protection companies to manage building inspections, proposals, invoices and service tickets through a cloud-based application.”
“Rensselaer Polytechnic Institute has hired R. May Lee for the new position of vice president and chief strategy officer for institutional impact. The appointment was effective Monday.
Lee’s responsibilities include guiding the development and implementation of the institute’s next 10-year strategic plan, which will focus on topics such as education innovation, the expansion of research partnerships, regional engagement, and the work of building an accessible and inclusive institution, according to a press release.”
“Old World Provisions is opening a new manufacturing facility in downtown Schenectady.
The Troy-based company, which produces a full line of delicatessen products and operates under an exclusive partnership to produce Carnegie Deli recipes, will lease the former Cappiello Dairy manufacturing plant at 115 Van Guysling Avenue.”
“Irving Tissue wants to construct a 66,200-square-foot warehouse at its 40-acre manufacturing complex in Fort Edward, the latest signal the Canadian papermaker remains committed to growing a business that serves as the largest employer in this Washington County village that is home to 3,100 people.
The manufacturer of towels, toilet paper and tissues is asking the village planning board for approval to develop a vacant lot between its paper converting plant and distribution center.”