February 4 2022

Week in Review: January 31 – February 4, 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:


WNYT News 13: Digital gaming exploding in Capital Region

Times Union: HV Gaming Con is returning to the Capital Region in March, get your controllers ready



Free Form Fibers ramping up production, expects to be commercialized in two years

“Free Form Fibers is moving into commercialization after securing about $2.5 million from private investors.

The fiber composition manufacturer spent the last 16 years developing laser-driven chemical vapor deposition technology to create materials for industrial uses. It was able to provide customers small amounts of its composites, but never at the scale they needed, CEO Shay Harrison explained.”

Tokyo Electron brings Albany Nanotech to next level with French scientist

“If Albany Nanotech is awarded the National Semiconductor Technology Center — a $2 billion federal research center for computer chip manufacturing research envisioned by U.S. Sen. Majority Leader Chuck Schumer — it will be brilliant researchers like Christophe Vallee and companies like Tokyo Electron that will help New York beat out other states to land the highly coveted center.

Albany Nanotech is the most advanced publicly owned semiconductor manufacturing research facility in the United States and is considered a front-runner for the NSTC, funding for which is still being debated by Congress.”

$1 Billion in sales recorded as Greene County’s economy surges

“Greene County tallied nearly $1.1 billion in sales in 2021, a leap from the year before.

This led to a record take in sales tax revenue for the county, with about $6.5 million more coming to the local government then last year — nearly an 18 percent jump.”

Carver Cos. will construct 100,000 square feet in Coeymans to accommodate Curaleaf expansion

“Carver Laraway will start construction of a 100,000-square-foot building in the Coeymans Industrial Park in the next two months to allow Massachusetts cannabis grower Curaleaf to expand its operations.

Curaleaf currently operates a 72,000-square-foot medical marijuana growing facility at 167 Coeymans Industrial Park Lane.”

Albany Inno – Investors want to give his tech company money. Why he doesn’t want it

“The company behind Duanesburg-based home inspection software Inspector Toolkit has received some inquiries from investors, but its leaders have no plans to take on capital.

The software already has hundreds of users since its release in late October, having gotten a big push in January. It has grown fully organically at this point, and the plan is to continue that trend, said Ian Robertson, co-founder of the software company.”

Chefs Emma Hearst and John Barker trade in plates for plows at Forts Ferry Farm

“Nestled in a residential area less than two miles away from shopping plazas in Latham sits Forts Ferry Farm, a 20-acre plot with a few greenhouses, a dairy steer named Buddha and a farm stand.

Founders Emma Hearst and John Barker, both Culinary Institute of America graduates, started the farm with a desire to grow the sorts of produce they’d want to use in their cooking. Hearst spent her early career as an acclaimed chef in New York City with restaurants Sorella and Stellina. After her father, George Hearst III, bought a piece of land adjacent to his Colonie property, she and Barker began leasing the farm from him in 2015 and were selling produce their first year. Then they brought in business partner James Barker, John’s brother, for creative direction.”

Funding Partners