CEG Economic Development Week in Review – July 24 – July 28, 2017
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Vital Vio, the Troy, New York, startup that designs lights meant to kill bacteria and germs such as MRSA, E. coli and salmonella, is partnering with Duke University Athletics.
The university started using Vital Vio’s bacteria-killing lights in its recently renovated athletic training center and will soon install them in the sports medicine area of Duke’s new softball stadium.”
“Plug Power, the Latham, New York, fuel cell manufacturer, has signed a three-year contract with Wal-Mart that includes the opportunity for Wal-Mart to buy about 17 percent of Plug.
Wal-Mart has been one of Plug Power’s largest customers for years, making up 34 percent of Plug Power’s revenue last year. The company has more than 6,000 Plug Power fuel cells in 31 warehouses in the U.S. and three sites in Canada
“Mayor Shawn Morse said that his administration continues to gain interest from developers wanting to develop the economy and make improvements in the downtown and surrounding area.
The latest economic development interest is to possibly turn the old Cohoes Movie Theater on the corner of Remsen and White Street into apartments and commercial space, the old movie theater was demolished years ago and has been a vacant lot since then.”
“Students and entrepreneurs are preparing their company pitches as IgniteU New York, an accelerator program for startups in Troy, graduates its third class next week.
The eight-week program concentrates on improving the business models of startups, most of which come out of local universities. The idea is when they finish the program, the startups will be prepared to pitch to potential investors.”
“Local startup company Kirsh Helmets has passed a major milestone in the effort to get its new motorcycle helmet to the mass market: $1 million-plus in seed funding.
The money will allow accelerated product development, increased staffing and amplified marketing.”