February 8 2019

CEG Economic Development Week in Review – February 4 – February 8, 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:


Times Union: Albany area found to be well-insulated from downsides of automation


This Canadian company is hiring, expanding in Saratoga Springs

“Opin Software Inc., a Canadian software and website designer, is planning to hire more than 10 employees at its new Saratoga Springs office this year.

The Ottawa company opened its first office in Saratoga Springs last year. The business specializes in web development for large enterprises and government organizations.”

Chicago developer under contract to buy 165 acres in Luther Forest

“A suburban Chicago real estate developer is under contract to purchase 165 acres near the GlobalFoundries computer chip manufacturing complex in Malta and Stillwater, New York.

InSite Real Estate Investment Properties agreed to buy property off Stonebreak Road Extension in the Luther Forest Technology Campus from MRFA LLC, a real estate holding company controlled by principals of D.A. Collins Cos. construction company in Wilton, according to a document filed with the Saratoga County clerk.”

A year in, the New York State Mesonet comes into its own for weather tracking

“he New York State Mesonet, based at the University at Albany, consists of more than 126 weather stations that literally blanket the state, with each one located about 20 miles apart, or the width of a typical thunderstorm system. Every five minutes, the stations upload 20 data points including precipitation measurements, wind speed, humidity, even solar radiation as well as photos.

But don’t ask the Mesonet staff for the kind of weather forecast you’d get on TV or in the newspaper.”

Thurman cheesemaker looks to expand production, marketing

“A northern Warren County cheesemaker that has made a national name for itself in the gourmet cheese market is looking to expand.

Nettle Meadow Farm of Thurman makes over a dozen specialty cheeses from goat, sheep and cow milk and is on track to sell $1.5 million worth of cheese in 49 states as of last year, according to the company.”

IBM investing more than $2 billion on artificial intelligence at SUNY Poly and elsewhere in NY

“IBM will spend more than $2 billion researching and developing artificial intelligence in New York under a new partnership with SUNY Polytechnic Institute, Gov. Andrew Cuomo announced today.

IBM, a longtime tenant at the SUNY Poly campus in Albany, will create an “AI Hardware Center” for intelligence-focused computer chip research, development, prototyping, testing and simulation, Cuomo said.”

Tobin First Prize cleanup, demolition on track

“That Tobin’s First Prize plant hasn’t  yet been demolished isn’t for lacking of trying.

When a crane swung a wrecking ball into a wall of the hulking concrete and steel relic, the ball bounced off. Twice.”


Funding Partners