December 7 2018

CEG Economic Development Week in Review – December 3 – December 7, 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:




Dinosaur-themed attraction coming to Lake George

“Fax machines won’t be the Capital Region’s only dinosaurs for long.

A dinosaur-themed attraction will be part of the rebirth of the former Magic Forest amusement park.”

Etain seeks to expand Chester headquarters

“Etain is looking to construct a 50,000-square-foot addition to its existing medical marijuana production facility in Chester, which would expand its business by more than four times its current size.

The company is seeking approval from the town Planning Board to renovate and build an addition to its existing marijuana cultivation, processing and manufacturing facility on Route 9. The plan involves constructing additional greenhouse and warehouse space.”

This startup could save helicopters and airplanes millions of dollars by replacing a critical piece of equipment

“When Daryian Rhysing was an aircraft mechanic for the U.S. Army, he developed carpal tunnel syndrome from manually putting together thousands of tiny clamps that keep wiring in place in Black Hawks and other helicopters.

Years later, during an Inventor’s Studio class at Rensselaer Polytechnic Institute, Rhysing thought of a better, new technology for aircraft wiring systems. The technology would replace outdated clamps with a non-metal material that clicks together without the use of tools.”

Hudson Valley expansion catches attention of software, lathe and carbide parts makers

“The race to groom the next generation of machinists and lathe operators has attracted 20 employers who are lining up to recruit students out of the $14 million training center Hudson Valley Community College is building in Troy, New York.

Manufacturers of carbide drill bits, computer-controlled lathes and design software have contacted Dave Larkin, the professor who spent seven years searching for a way to build a new advanced manufacturing center on the Hudson Valley campus.”

Port buys 82 acres in Bethlehem

“The Port of Albany has acquired just under 82 acres in Bethlehem, New York, to position the shipping hub to compete for warehouse tenants and bring in more wind turbine business.

The $5.25 million transaction increases the size of the port to 400 acres. The deal closed Nov. 30. The deed was filed with Albany County on Thursday.”


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