CEG Economic Development Week in Review July 3 – July 7, 2023
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Jason Kuruzovich is stepping down as leader of Rensselaer Polytechnic Institute’s entrepreneurship center.
Kuruzovich has served as director of the Severino Center for Technological Entrepreneurship at RPI for the past decade. He announced the move July 2 on LinkedIn.”
“The use of solar, wind and hydropower to generate zero-emissions electricity is only part of the massive challenge facing New York state as it attempts a rapid transition away from fossil fuels. There’s also the need to store this energy when demand is low so that it can be rapidly added to the grid when it’s needed.
A new 20-megawatt storage project that recently came online in Blasdell, just south of Buffalo, is a tiny fraction of what the state needs, but the company responsible said it is an early step in a much larger plan.”
“Polyset Co. in Stillwater is adding a $1.66 million research and development center to its proposed expansion in Saratoga County after coming off a record year when sales topped $20 million for the first time.
The second-generation manufacturer of adhesives, coatings and epoxy used in everything from air filters and bridges to ships and floors wants to focus more heavily on product development while adding more capacity to keep up with sales already in the pipeline.”
“David Hogenkamp believes he’s taking the reins of Metroplex Development Authority at a good time since Schenectady County has been on a roll, development-wise.
General Electric has recently announced plans to hire 200 more people to help build on-shore wind turbines, continuing a reversal of what was previously a long-term decline in the city.”