CEG Economic Development Week in Review: March 18-22, 2019
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“The Troy-based independent game developer Velan Studios has teamed up with one of the giants of the video game industry.
Velan announced Tuesday that Electronic Arts Inc. will be the publisher for its first original game for consoles, PCs, and mobile.”
“GlobalFoundries expects revenue will grow by at least 10 percent at its Malta computer chip manufacturing complex this year following a 33 percent increase in 2018.
Strong demand for chips used in high-powered computing and 5G wireless networks are fueling those projections, said Ron Sampson, senior vice president and general manager for GlobalFoundries’ U.S. manufacturing operations.”
“Two bids totaling $410,237 were awarded Wednesday to build three mezzanines inside the Albany Capital Center that will create additional office and storage space.
The Albany Convention Center Authority, which oversees the convention center, awarded a $385,637 contract to Duncan & Cahill of Troy for interior structural mezzanines.”
“Plug Power is introducing a new hydrogen fuel cell engine that will help the company expand into the on-road delivery market.
Plug Power announced the new 30-kilowatt engines on Thursday. The company said the engines can last longer, are more reliable in harsh environments, have fast fueling and produce zero emissions. The engines have applications in delivery vans as well as light- and medium-duty cargo box trucks.”