CEG Economic Development Week in Review April 24 – April 28, 2023
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Leyla Kiosse needed a commercial-sized kitchen to ramp up production of her alcohol-infused ice cream.
For the past three years, she’s been making the product — called Boozy Moo — in small batches in the kitchen of The Yard Hatchet House and Bar, an axe-throwing business she owns in downtown Albany.”
“About 50,000 workers will be in demand over the next five years as the U.S. spends tens of billions of dollars subsidizing a new wave of computer chip factories across the country.
That’s why Rensselaer Polytechnic Institute in Troy and GlobalFoundries have partnered on a new course at RPI called Topics in Microelectronics Manufacturing.”
“The U.S. Department of Transportation has chosen Glens Falls for its competitive “Thriving Communities” grant, one of just 64 communities nationwide.
The funding is aimed at helping smaller communities have a better opportunity at benefiting from federal infrastructure funding.
“While billions of trees are cut down annually to clear space for agriculture and obtain wood for manufacturing and construction, a Rotterdam-based startup believes the future of industrial lumber doesn’t require razing forested land.
In fact, it doesn’t require trees at all.”
“The U.S. Commerce Department released new details on a new federal computer chip manufacturing research and development center that could possibly be built at the state’s Albany Nanotech complex on Fuller Road.
The National Semiconductor Technology Center as it will be called is being funded by the $52 billion CHIPS Act pushed through Congress last year by U.S. Senate Majority Leader Charles Schumer of New York.”
“Computer chip maker GlobalFoundries purchased the remaining 800 acres of undeveloped property in the Luther Forest Technology Campus in Saratoga County Wednesday, securing real estate needed to accommodate a proposed second factory.
GlobalFoundries paid $13.2 million, or roughly $16,000 an acre, for property that covers portions of Malta and Stillwater. The transaction closed nine months after the company received municipal approval to build a $6 billion to $8 billion factory to increase production capacity.”
“An education technology startup founded by a local teacher just secured investment from a fund.
PopPD is a startup with a software platform where educators can post video lessons to help other teachers with professional development in the classroom. Co-founder Alissa McDonald is a former South Glens Falls teacher. She’s now based in Saratoga Springs.”
“Rensselaer Polytechnic Institute’s president is committed to making the university a leader in regional collaboration.
At the university’s “Invest in the Capital Region” event Wednesday, Martin Schmidt said during a panel discussion about how to build the life sciences ecosystem in the region that he’s aiming to collaborate with other institutions in the area and find ways to translate innovation out of universities.”