December 17 2018

CEG Economic Development Week in Review – December 10 – December 14, 2018

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:


Daily Gazette: Kennedy: Jobs are out there but pool of workers is declining


RPI researchers named among most highly cited globally

“Four researchers affiliated with Rensselaer Polytechnic Institute have been named in the 2018 Highly Cited Researchers list, which recognizes influential scientific researchers and their institutions across the globe.

In its fifth year, the citation analysis, provided by Clarivate Analytics, identifies high-impact scientists who have demonstrated significant influence through the publication of multiple highly cited papers over a decade and whose citation records position them in the top one percent by citations for their field and year.”

Schenectady startup raises $1.5 million to keep motorcyclists safe on the roads

“Kirsh Helmets, a Schenectady, New York, startup that’s developing a safer motorcycle helmet, has raised more than $1.5 million.

In the latest fundraising round, Kirsh raised $500,000 from existing and new investors. The company previously raised $1 million last year. Investors include Square Peg Ventures, an early stage fund by Eric Leander and Matt Wagoner of The Wagoner Firm PLLC.”

SlickFin Brewery in Fort Edward plans to open in January

“SlickFin Brewing Company has the town and village talking as the taproom and brewery has taken shape in the front window of 147-149 Broadway.

It’s almost ready to open. Almost.

U.S. Marine Corps veterans Kris and Heather March, residents of Queensbury, said they’re still waiting on an alcohol permit but hope to be open in January at the latest.”

German machine builder investing in new headquarters in Saratoga County

“A German company that builds machines for metal processing has outgrown a building in Waterford, New York, and will invest in a larger headquarters in Saratoga County to oversee its Americas division.

Lissmac Corp. will construct a 31,000-square-foot building in two phases on the north side of Route 146 in Halfmoon, just east of Farm to Market Road. The first phase will cost nearly $3 million and be ready by next fall. Bast Hatfield is the builder.”

Some Capital Region counties growing faster than state average

“New federal data indicate the Capital Region economy growing faster than the state average, but also show it is heavily reliant on the government and service sectors.

The U.S. Bureau of Economic Analysis on Wednesday rolled out prototype statistics for the real gross domestic product of every county in the nation — the inflation-adjusted value of all goods and services produced within each county.”

$5 million state grant approved for downtown Albany real estate investment

“Redburn Development will receive a $5 million, performance-based capital grant from the state to renovate seven buildings it bought in downtown Albany, Gov. Andrew Cuomo announced.

Empire State Development will provide the funding to Redburn Development, which recently closed on the purchase of the mostly-vacant properties, including the historic Kenmore Hotel, Steuben Athletic Club and the parking garage where Capital Repertory Theatre is located.”

New business to open soon at Fort Edward dewatering site; Schumer to visit

“A transfer station to bring grain for local dairy farmers is set to open soon at the former General Electric Co. dewatering site in Fort Edward.

U.S. Sen. Chuck Schumer, D-NY, is expected to tour the industrial park 9 a.m. Friday, after Town Supervisor Terry Middleton said he and other local officials invited him to view the site during his stop through Washington County.”

Survey finds Saratoga County real estate market strong

“Economic developers on Thursday assessed the Saratoga County real estate market as strong and optimistic.

The Saratoga County Prosperity Partnership’s inaugural Saratoga County Real Estate Index found strong residential, commercial and industrial market sectors, and said each had need for additional inventory.”


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