Economic Development Week in Review – April 30 – May 4, 2018
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“The former Trustco headquarters building at 192 Erie Blvd. will be renovated into office space and apartments with a $6.5 million investment by a local developer, the Schenectady County Metroplex Development Authority announced Monday.
The county has owned the seven-story building near State Street since 2005, and will be selling it to Hudson Partners Development of Schenectady for $2 million. The new owners will invest an estimated $4.5 million in renovating the building, said Metroplex Chairman Ray Gillen.”
“Plug Power, the Latham, New York, fuel cell manufacturer, is outfitting FedEx trucks with hydrogen engines — one of the first signs that Plug is diversifying beyond its core market.
The zero emission delivery van is built by Workhorse Group, out of Ohio, and charged by a Plug Power ProGen hydrogen engine. The vans are being used by the FedEx facility in Menands, a village four miles north of Albany.”
“As it holds its annual technical gathering in Saratoga Springs, an electronics industry trade group is looking not just at new technology but at how to develop the next generation of experts.
David Anderson, president of SEMI Americas, said one of the greatest obstacles to the growth of his industry is shortage of talent and a lack of awareness by the general public about the field and why it is important.”
“Eastern New York Angels is making a second, $100,000 investment in Create Orthotics & Prosthetics, a 3D printing company.
ENYA invests and mentors early-stage technology companies within 75 miles of the Albany, New York area. The group, managed by Joe Richardson and Dick Frederick, invests anywhere from $50,000 to $250,000 per company.”
“The idea for Albany Can Code began to crystallize the moment Annmarie Lanesey learned about a local restaurant cook who had taught himself a programing language and was looking to get his foot in the door for a programming career.
The programmer was more successful than some of his colleagues who had taken a more traditional educational path, and it helped Lanesey realize there are likely many people with the aptitude for coding jobs but who lack the resources to learn.”
“The video gaming industry is worth an estimated $100 billion worldwide.
Rensselaer Polytechnic Institute in Troy offers a bachelor’s degree in games and simulation arts and sciences.”
“A conversation centered on tradespeople Wednesday afternoon as BOCES counselors from across New York state gathered at the fourth floor on 18 Division St.
Local developer Sonny Bonacio spoke about the need for skilled labor to nearly 20 Career and Technical Education counselors as part of an annual industry tour at Bonacio Construction, encouraging counselors about the financial opportunities available before touring construction sites in the city.”
“A weather startup is creating jobs in upstate New York, and partnering with University at Albany to get better forecasts for drone operators.
TruWeather Solutions LLC, uses technology to cut costs for weather-sensitive businesses, such as drone, trucking and other logistics companies, as well as government agencies.”
“General Electric researchers will lead an effort to develop ways to replace aging U.S. Navy ship and plane components with new ones fabricated by laser printers under a $9 million contract GE announced this week.
Much of GE’s work on the project will be done at the Niskayuna headquarters of GE Global Research, which already has laboratories working on the rapidly growing field of additive technology. “