April 5 2019

CEG Economic Development Week in Review: April 1-5, 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:


PR Underground: HV Gamer Con Announces Final Details of Major Esports Event

RPI News: Rensselaer Digital Gaming Hub Celebrates First Semester as New York State Center of Excellence

Albany Capital Center News & Events: Hudson Valley Gamer Con Draws Thousands of Visitors and Gamers to Inaugural Esports Event


Momentive hiring dozens as sales grow by $374 million

“Momentive Performance Materials is hiring dozens of electricians, mechanics and pipefitters to replace retirees at its Waterford factory after sales increased by 16 percent last year.

The manufacturer finished last year with $2.7 billion in sales, a $374 million increase from the previous year. Growth was driven by increased demand from customers who make everything from cars and cosmetics to electronics.”

Saratoga Springs communications firm growing a year after private-equity acquisition

“One of the largest communications firms in the Albany region expects to grow again this year, this time under new ownership.

The Patient Experience Project in Saratoga Springs sold last year to health care investor Water Street Healthcare Partners of Chicago and New York private equity firm JLL Partners. Those investors created a life sciences platform called Eversana, which includes the Patient Experience Project.”

One Year Later: $5 million addition at Rotterdam industrial park

“A year can pass quickly. With so much news coming at us every day, it helps to stop, look back and get an update on what’s been happening.

This story was published March 27, 2018: Galesi Group spending $5 million to expand Rotterdam warehouse”

Ames Goldsmith plans office and warehouse addition in Glens Falls

“mes Goldsmith Corp. wants to expand its Glens Falls facility on Rogers Street to accommodate the manufacturer’s “consistent growth,” according to a company official.

The company, which makes silver-based products, is proposing to construct a 5,400-square-foot office and shipping/warehouse addition to its facility at 21 Rogers St.”

Winter season was improvement over last year for ski areas

“Spencer Montgomery looked out the window of his home overlooking West Mountain Ski Center’s Northwest Lodge on Sunday and you could feel the smile through the phone line as he described the view.

Skiers were cruising down the hill from all four directions before they hopped on the soon to-be-replaced triple chair to do it again.”

One of the world’s largest office supply brands is CommerceHub’s newest customer

“CommerceHub has signed a new deal with Office Depot Europe to help the office supply chain offer more products online in the United Kingdom and Europe.

This is the first major European customer announcement for CommerceHub since the company went private last year. The Albany e-commerce company has been pushing further into European markets in recent months with new hires.”

Owners of former knitting mill in Queensbury sign e-commerce tenant

“The former Native Textile knitting mill in Queensbury is filling up after Sheetlabels.com signed a long-term lease for 30,000 square feet.

Sheetlabels will be the second tenant to move into the 116,000-square-foot building since it was acquired by JAG Group owner Tim Barber and his business partners in November 2017 for $3.3 million. The 33-acre property was vacant for a decade after Native Textile moved out of the warehouse.”

Catapult Games locates in Schenectady co-working space

“Virtual reality game maker Catapult Games is leasing office space at Urban Co-Works, 433 State St., in downtown Schenectady, according to the Schenectady County Metroplex Development Authority.

The company is the 29th at Urban Co-Works, according to Jeff Goronkin, Co-Works’ CEO.”

$10 million office/tech building planned at airport in Glenville

“Schenectady County plans to sell 6.7 acres at the Schenectady County Airport to allow for the development of what is expected to be a $10 million building for a technology company.

County officials said the 47,000-square-foot building will be built by Highbridge Development of Schenectady for a technology company that they won’t identify. Plans would allow for a 40,000-square-foot addition later.”

AngioDynamics’ NanoKnife approved for clinical trial

“AngioDynamics has won FDA approval for a clinical trial of its pancreatic cancer treatment.

Its clinical trial is part of the Food and Drug Administration’s expedited approval of the NanoKnife as a “breakthrough device” for life-threatening diseases. The company started marketing the device in 2008, and after some troubles with manufacturing early on, individual physicians have reported great success. Now the company may be able to prove that success, which could make the NanoKnife a common treatment for stage 3 pancreatic cancer.”

Game Farm owners eye new animal magnetism

“Owners and local officials hope the new Long Neck Inn, on the site of the former Catskill Game Farm, will exert the same animal magnetism on tourists when it opens this summer.

Before the recent switch from petting zoos to hospitality, the Game Farm was home to more than 2,000 animals from 1933 until the business closed in 2006, according to its website.”

Oncology continues to drive AngioDynamics growth

“AngioDynamics’ sales grew 3% to $86.3 million during its third quarter as the company’s oncology business continues to fuel growth.

The Latham medical device maker’s products for combating tumors grew by 15.1%, to $13.9 million, for the three-month period that ended Feb. 28.”

Lake George man designs safer motorcycle helmet; manufacturing set to begin

“Motorcyclist Jason Kirshon considers himself a rebel with a cause — making a safer helmet.

“I’m rebelling against the rest of the helmet industry,” Kirshon said in an interview last week at the Schenectady offices of Kirsh Helmets.”

GlobalFoundries in Malta to interview for 100 production jobs this Saturday

“Pressed by a shortage of job candidates with technical and mechanical skills, GlobalFoundries is offering paid training for new workers at its Fab 8 computer chip factory in Malta.

The company is hoping to hire 100 maintenance technicians and other engineering/technology workers. It will hold interviews at the Hyatt Hotel in Malta from 10 a.m. to 2:30 p.m. Saturday.”

How Ecovative is making plant-based steaks out of mushroom material

“In a warehouse in Green Island, Ecovative Design is growing a new mushroom material that could provide the texture for whole plant-based steaks or chicken.

The company started developing a pure form of its mycelium — the vegetative, root-like structures of fungus — to act as a binding agent in lab-grown meat last year.”

Funding Partners