Week in Review: June 27 – July 1, 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
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Rensselaer Polytechnic Institute is packaging its years of AI and computing investment into a center to build upon that work.
The Troy university said last week that it’s founding the Rensselaer Institute for Data, Artificial Intelligence, and Computing. The center is meant to align academics with the country’s advancement of computational fields, like neuromorphic and quantum computing, data analytics, AI-driven gaming and more.”
“The U.S. is facing a shortage of microchips that power everything from coffeemakers to lifesaving medical equipment. To solve it, industry stakeholders are putting aside rivalries and red tape and embracing public-private partnerships as the model for restoring the country’s leadership in semiconductor research, development and production.
‘At this point, we are all rolling up our sleeves and developing the right agenda,’ said Mukesh Khare, VP, hybrid cloud at IBM Research. Khare is leading IBM’s role in the American Semiconductor Innovation Coalition (ASIC). ASIC was formed to help revitalize the U.S. chip industry, with members representing private industry, academia and non-profits. In addition to IBM, ASIC’s 70-plus member roster includes notable organizations such as Microsoft, Applied Materials, Siemens-EDA, Cornell University, MIT and Howard University. “No one company, no single state can do this alone,” said David Anderson, president of ASIC member NY CREATES, a state-backed facilitator of high-tech projects in the Empire State.”
“Passport for Good was in crisis in March 2020.
The software startup’s founder, Gayle Farman, had just died. And shortly before the service was set for a public launch, the pandemic eliminated the need for it.”
“The owner of much of the Glenville Business and Technology Park is planning to build an 85,000-square-foot warehouse on site.
The Galesi Group proposal is scheduled to go before the Glenville Planning and Zoning Commission at its July 11 meeting for an initial review.”.
“The COVID-19 pandemic unleashed a wave of innovation in healthcare technology, and a group of Rensselaer Polytechnic Institute researchers were participants in that trend.
Now, one of the developments from the school may be ready for prime time.
“Hudson Valley Community College is bringing more of its campus to Saratoga County, expanding access for hundreds of students who currently drive south to Troy for classes.
On Wednesday, officials broke ground for a new STEM building next to the TEC-SMART facility. The 14,500-square-foot building will have classrooms for health care, STEM (science, technology, engineering and math) and skilled trades programs.”
“Two major Capital Region industrial employers are on the verge of relocating their headquarters operations: SI Group from Niskayuna to Mohawk Harbor and Momentive Performance Materials from Waterford to SI Group’s current Niskayuna home.
The two moves are expected to be finalized shortly, possibly even this week.”
“SUNY Polytechnic Institute’s College of Nanoscale Science and Engineering (CNSE) has received $397,000 from the New York State Energy Research and Development Authority to train the next generation of custodians, technicians, engineers, and managers for the high-tech buildings that house chip-making facilities and labs for developing computer chips.”
“The Albany College of Pharmacy and Health Sciences said Thursday that it has purchased the five-floor, 154,000-square-foot building at 150 New Scotland Ave. in Albany.
The Center For Medical Science building purchase came with the adjacent parking garage, according to Peter Struzzi, executive managing director of Pyramid Brokerage Co., who represented the seller. Half of the spaces are for University Heights student housing, and the other 302 spaces are for ACPHS.”