Week in Review: July 4 – July 8, 2022
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Titanium parts maker Praxis Powder Technology is under contract to purchase a 53,425-square-foot manufacturing complex on Pruyn’s Island in Glens Falls from Andritz Inc.
The two-story brick and steel building overlooking the Hudson River was listed for $2.35 million. The 6.2-acre property was listed by Robert “Bob” Sears, an associate broker of Berkshire Hathaway Home Services Blake, Realtors.”
“It’s not easy for a business service company to break into the mom-and-pop auto dealership industry. But once you’re in, business snowballs via word-of-mouth, and it gets a lot easier.
That’s how Peter Carusone described the way business went for his Malta software startup, VisionAST, which helps auto and powersports dealerships more easily analyze sales performance data.”
“Electrical parts builder Core Tech Industrial Corp. is seeking nearly $464,000 in tax incentives after securing approvals last week to expand its manufacturing complex in Corporate Technology Park off Route 50 in Ballston.
The 22-year-old manufacturing company, which has tripled its work force from 21 to 64 employees over the past six years, won Ballston Planning Board approval last week to nearly double the size of its operations.”
“The Albany College of Pharmacy and Health Sciences has an ongoing goal to create a hub for the biopharma industry in the Capital Region.
The recent purchase of the five-floor, 154,000-square-foot Center For Medical Science lays out a clearer path toward making that happen, said Greg Dewey last week on his last day as the college’s president before retire.”