CEG Economic Development Week in Review: March 18-22, 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:
CEG IN THE NEWS
Times Union: Duty Calls: Veteran Connect Center ready to help vets
Times Union: Budget, Budget, Budget – With Lots of Policy Proposals Thrown In
AAA Every Day: The Veteran Connect Center
Post Star: recent analysis of where local residents go for their employment found some interesting trends.
REGIONAL ECONOMIC DEVELOPMENT NEWS
Troy video game developer Velan Studios signs publishing deal with Electronic Arts
“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 maps out 2019 growth projections for its U.S. chip factories
“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.”
Albany Capital Center spending $410K to build mezzanines
“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 introduces new hydrogen fuel cell engine that is more powerful and lasts longer
“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.”