June 9 2017

CEG Economic Development Week in Review – June 3 – June 9, 2017

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 Covers CEG’s 98/90 Semiconductor Summit

 Daily Gazette on CEG’s 87/90 and the “crossroads of the semiconductor industry in the Northeast”

Business Review reports on CEG study showing increase in Capital Region STEM degree awards 


Capital Region drivers line up for Uber and Lyft

“Prospective drivers and their would-be employers are gearing up for ride-sharing in upstate New York, where it is expected to start happening June 29.

Two of the biggest ride-sharing networks, Uber and Lyft, expect to be up and running on day 1, and many businesses are just as eager to see them start rolling in upstate. The area of New York outside of New York City was one of the few parts of the country where ride-sharing has not allowed, and there was a hard-fought campaign by the restaurant, entertainment and hospitality industries to change that.”

Glens Falls makes ‘Coolest Small Towns in America’ list

“Glens Falls, known a century ago as the “Empire City,” is now earning distinction as a “cool small town.”

Budget Travel website on Friday ranked Glens Falls No. 9 on its list of the top 10 “Coolest Small Towns in America” for affordable, trendy vacations.”

Packaging firm positioning itself for payroll to swell to 200

 “SKS Bottle and Packaging’s proposed $15.9 million headquarters and distribution center in Saratoga Springs, New York, is designed to allow the company to double its payroll.

The 30-year-old Watervliet company supplies packaging to food, beverage, beauty supply and pharmaceutical product manufacturers. The second-generation owners are seeking permits from the city of Saratoga Springs to build a 118,000-square-foot building just east of the W.J. Grande Industrial Park off Geyser Road.”

Huge breakthrough at SUNY Poly with 5 nanometer chips

“Industry scientists working at SUNY Polytechnic Institute in Albany achieved a major breakthrough in computer chip manufacturing by successfully making transistors for 5 nanometer chips. Five nanometers is the equivalent of the diameter of two spiral DNA strands.

The advance was announced Monday by a chip research alliance that includes GlobalFoundries, Samsung and IBM.”

New businesses planned for Schenectady County Airport

“Three new businesses could be moving to the Schenectady County Airport property next year, assuming the County Legislature next month approves proposed land sales.

Bruno Associates of Fort Edward would move its business making industrial presses to a two-acre site, and C2 Design Group, a design and architecture firm in Schenectady, would buy three acres and relocate there. Another business owned by C2’s owner, Euro Tile & Stone, would share the site.”

Albany event billed as area’s first hacker conference

“Computer hacking will climb down from the headlines and into the Albany Capital Center next week, as local cybersecurity experts stage ANYCon, billed as the area’s first hacker conference.

It’s not an exaggeration or slander to call these experts hackers — they have the same skillset as criminals stealing identities and crashing computers for illicit gain, but they are hired to do it legally, to expose weaknesses in their clients’ computer systems.”

Incubator for Fab 8 supply chain, chip tech in works

“The head of research at GlobalFoundries has been tapped to lead a newly-created advisory council that will help oversee the launch of a new incubator for semiconductor suppliers doing work at GlobalFoundries’ Fab 8 computer chip factory in Saratoga County or with other high-tech firms in the region.

The facility, which will be called the Next Wave Center, is a creation of the Saratoga County Prosperity Partnership, the county’s economic development arm.”

County fetes new solar farm in Niskayuna

“A new solar energy farm has gone into operation behind the Hillside Commerce Park in Niskayuna, generating power that will be used by Schenectady County government.

The 792,480-kilowatt panel array on 3 acres of county-owned land was installed in the industrial park by Monolith Solar Associates, of Rensselaer, under an agreement by which Monolith pays the capital costs and the county agrees to buy the power at a rate 30 percent below the standard commercial electricity rate.”



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