October 6 2017

CEG Economic Development Week in Review – October 2 – October 6, 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:


Kennedy TU Op-ed: Capital Region talent, assets big enough to lure Amazon

Daily Gazette Reports on CEG Business Connection Forum

 Times Union: CEG holding investor forum at SUNY Poly

Inc Magazine IDs Albany as 1 of 53 Cities Vying for Amazon’s HQ2


Ballston launches $200,000 microenterprise grant program

“The town of Ballston is launching a $200,000 microenterprise grant program that will fund startups and businesses with five or fewer employees.

Grants, which are funded with federal money administered by the state’s Office of Community Renewal, range from $5,000 to $35,00.” 

Bethlehem students supplying Garden Bistro 24 with veggies

“Garden Bistro 24 is once again planning special menus that use vegetables grown by middle schoolers in Bethlehem to raise money for their sustainability and garden club.

The restaurant will hold what’s known as Bethlehem Central School District Garden Nights on Tuesdays during October at its Slingerlands and Latham locations.”

They are gatekeepers of cyberworld

“After an onslaught of hacking, breaches and malware this year, and the resultant waves of publicity, National Cybersecurity Awareness Month should be a bit anticlimactic.

But for some people, the message never gets old.

One of the organizations most aware of cyberthreats and most active in countering them is CIS, a non-profit steadily expanding its client base and 130-person workforce. Along with creating benchmarks and protocols by which organizations large and small can secure their computer systems, CIS serves public entities as a cybersecurity partner, including all 50 states and 1,400-plus municipalities containing more than 80 percent of the U.S. population.”

Ancram distillery invites people to meet their organization in open house

“The Hillrock Estate Distillery held one of its two annual open house events Saturday, an event the owner, Jeff Baker, said gives a wider range of people the opportunity to meet the brand.

The open house ran from 11 a.m. to 4 p.m. with a tour of the distillery operation and ending with a tasting of four of the company’s whiskeys, hosted by the company’s master distiller, Dave Pickerell.”

 SUNY Poly tenant Danfoss hits milestone in Utica

“Danfoss Silicon Power, the first major tenant at SUNY Poly’s Quad-C lab at its Utica campus, is holding a press conference Monday to welcome its first 11 employees and outline its manufacturing plans at the site.

Danfoss will make power modules used in electronic devices using silicon carbide chips produced at SUNY Poly’s Albany campus in partnership with General Electric Co. The state spent $100 million upgrading the Quad-C facility for Danfoss, which plans to hire 300 people.” 

Work at Albany’s Wadsworth lab led to Nobel

“Joachim Frank, one of three scientists awarded the Nobel Prize in Chemistry on Wednesday, did much of the work that won him the prestigious award at the famed Wadsworth Center in Albany during the 1970s and 80s before moving to Columbia University in 2008.

The German-born Frank, who was also on faculty at the University at Albany during his time at Wadsworth, is sharing the Nobel Prize for his work on cryo-electron microscopy with Jacques Dubochet of the University of Lausanne in Switzerland and Richard Henderson of the MRC Laboratory of Molecular Biology in Cambridge, England.”

GE designs its biggest ever land-based wind turbine

“Engineers in Niskayuna, Schenectady led development…”

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