CEG Economic Development Week in Review September 18 – September 22, 2023
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“When people disembark from the train in Hudson, they typically leave the waterfront as soon as they arrive. Ben Fain has spent several years trying to get them to stay.
The Hudson Amtrak station is the third-busiest station in New York, with approximately 220,000 people arriving or departing. “Every 45 minutes, it’s like a faucet of people coming off the train,” said Fain, who owns Kitty’s and Grapefruit Wines.”
“Wolfjaw Studios has plans to eclipse the 100-employee count by early next year.
The Troy-based game company has already grown to 75 employees — double the amount it had last year.”
“Software company Jahnel Group’s success recruiting for internal positions sparked a new arm of the business that helps find talent for other tech companies.
Michael Young, director of recruiting at Jahnel Group, said the Schenectady-based company started an external recruiting service just about a year ago. To date, the service has placed over 70 engineers in jobs at companies like Disney, Death Wish Coffee, WB Games New York, and Helios Life Enterprises.”
“Death Wish Coffee’s former CEO is onto a new venture.
Mike Pilkington is now the co-founder of Key Sparkling Water, based in Saratoga Springs. Pilkington said he and his partners are drawing on their experience in the food and beverage industry to break into the sparkling water market. The brand launched in May.”
“Joe Gross, founder of the Albany region’s largest electrical contracting firm, acquired two companies and nearly doubled his warehouse and production space at his Queensbury headquarters over the past two years.
Gross Electric Inc., the union electrical contracting shop he started in 1994, also has invested close to $15 million to expand its capacity to prefabricate large electrical systems in-house to reduce construction costs in the field.”
“GlobalFoundries was awarded a new 10-year contract by the Department of Defense to make computer chips for military applications with a total possible value of up to $3.1 billion.
GlobalFoundries is among a very select group of chipmakers that have security clearances to make chips for the U.S. military at its two U.S. factories in Malta in Saratoga County and in Essex Junction, Vt., outside of Burlington.”