July 10 2020

Week in Review: July 6 – 10, 2020

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:


Troy Record: CEG, Capital Region Chamber to explore potential affiliation

Saratogian: CEG, Capital Region Chamber to explore potential affiliation


Mexican pharmaceutical giant starts fourth U.S. subsidiary in Albany

“Grupo PiSA, a Mexican manufacturer of medical devices and medication, is starting a fourth U.S. subsidiary that will be headquartered at the Rosenblum Cos.’ Great Oaks Office Park in Guilderland.

Hometa, a maker of intravenous infusion and monitoring products, is a subsidiary of Grupo PiSA Farmaceutica, a 75-year-old, family-owned company that employs 18,000 people who make 1,500 medications and devices, including antibiotics, oncology products, bandages and an Electrolit hydration beverage.”

Documentary to be filmed in Catskill

“Filming for scenes of a documentary with the working title “Trumpland” is scheduled to take place sometime in the next two weeks in the village.

The village board received the proposal about two weeks ago in an email, Village President Vincent Seeley said, adding that all trustees were agreeable with the proposal, which was not reviewed or formally voted on during a public meeting.”

As Company Continues To Grow, Death Wish Coffee Creates Three Vice President Positions

“Death Wish Coffee Co. has added a vice president of supply chain to its staff as the company continues to grow.

Jason Mazzotti joins the Saratoga County business from GlobalFoundries, where he led global materials procurement. He will be in charge of the manufacturing plant, working closely with the warehouse team.”

‘Every business is a software business’: Troy tech CEO on how pandemic is pushing companies to change

“The pandemic forced many companies to change their daily operations — especially as employees left the office to work from home.

Jon Briccetti, CEO of Troy Web Consulting, says that transition turned out to be relatively seamless for some companies because their newly spread-out workforce was able to use cloud-based software services that could be accessed from anywhere.”

Farmer’s market serves Albany’s South End

“Pandemic or not, Bernette Riley is determined to make 2020 her year.

Riley recently expanded the line of handcrafted soaps, balms and oils she sells under her label, Nett’s Natural Necessities, her goal being to start selling her line inside the Honest Weight Food Co-op. For now, she sets up a table in the South End every Thursday for that neighborhood’s night market.”

Airport in line for $4.15M for jet bridge improvements

“The Albany International Airport will receive $4.15 million in federal assistance from the U.S. Department of Transportation for various safety and quality improvement projects, according to an announcement from U.S. Senators Kirsten Gillibrand and Charles Schumer.

The money will be used to remove the over-the-wing portion of two jet bridges used by Southwest Airlines in the C concourse, and the replacement of four older jet bridges in the A and B concourses, airport spokesman Doug Myers said.”

Regeneron gets $450M from federal government to produce potential Covid-19 treatment

“Regeneron Pharmaceuticals said today that it has been awarded a $450 million federal contract to manufacture and supply an antibody cocktail that could potentially treat or prevent Covid-19.

Regeneron began scaling up manufacturing of the REGN-COV2 antibody treatment in the spring. The contract supports continued manufacturing so that the product could be made available immediately in the U.S. if clinical trials are successful and the Food and Drug Administration grants emergency use authorization or product approval.”

Schenectady-based app’s growth gets sudden boost because of the pandemic

“When Virtual Moving Technologies was launched, the founders didn’t realize how relevant the Schenectady-based service would become a few years later.

Started as spinoff from the century-old Liedkie Moving & Storage about five years ago, VMT replaces in-person moving estimates with virtual house tours using video.”

Local company develops plant-based meat alternative

“Ecovative Design, founded as a class project by two 2007 graduates of Rensselaer Polytechnic Institute, made a name for itself as a “green” company that used mushroom roots and agricultural waste to create packaging material that, unlike ubiquitous Styrofoam, is biodegradable and compostable.”

Funding Partners