Week in Review: April 11 – April 15, 2022
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
WNYT News 13: Exploring the top job fields in the Capital Region
Saratoga Business Journal: CEG Analysis Says Saratoga County Saw Population Gain During The Pandemic
REGIONAL ECONOMIC DEVELOPMENT NEWS
Precision Valve, the Halfmoon robotics company, is shifting its recruiting strategy
“Tony Hynes has a new factory with an on-site doctor, a physical therapist, a masseuse and a chef.
Now, the founder of Precision Valve & Automation in Halfmoon is hoping the perks available at his 30-year-old robotics manufacturing company will attract some hungry and talented workers after demand surpassed pre-Covid-19 levels last year.”
UAlbany gets $75 million from state budget for artificial intelligence initiative
“The University at Albany’s $200 million artificial intelligence initiative is taking off, funded with $75 million from the state’s new $220 billion budget.
UAlbany President Havidán Rodríguez said the money for what UAlbany calls its Albany AI Supercomputing Initiative, or Albany AI, will be “transformational” to the university as well as the Capital Region economy.”
$10M in state funds coming to Schenectady for ice arena at Mohawk Harbor; For Union hockey, other events
“The newly passed state budget includes $10 million toward a new arena for Union College ice hockey and other events, according to lawmakers and economic development officials involved in the project.
The new facility would be built at the Mohawk Harbor development off Erie Boulevard, home of Rivers Casino, the River House apartment complex and other tenants.”
Albany Inno – ‘The next AED’: Two Capital Region doctors have big vision for new medical device
“When anesthesiologist Dr. Eric Moses completed his health care MBA in 2020, he was inspired to put it to use. And with a feeling of burnout during the Covid pandemic, he was looking for a change.
He started connecting with medical startups in the Capital Region where he could get involved.”
Transfinder seeks to demolish neighboring building, expand downtown Schenectady HQ
“The vacant former Subway shop in downtown Schenectady is proposed for demolition and replacement with a five-story office building.
The two-story building at 438 State St. that formerly housed the sandwich store was acquired by Anthony Civitella, the owner of Transfinder, who built the company headquarters next door at 440 State St. a decade ago.”