Week in Review: March 1 – March 5, 2021
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
Times Union: Price Chopper/Market 32 merger with Tops Markets reminder of region’s value
Times Union: FuzeHub, CEG to manage $370,000 in pandemic relief funding
REGIONAL ECONOMIC DEVELOPMENT NEWS
Rewire Energy has shifted its focus to digital expansion, sees future in New York energy transformation
“Kenneth and Alan Evans see opportunity for their Saratoga Springs company, ReWire Energy, to capitalize on the federal and New York state focus on renewable energy in 2021 with their energy-as-a-service business model.
The Evans brothers started ReWire Energy in 2015 along with several of their siblings and their father, Milton. The company began with a focus on planning and analysis, figuring out ways to lower clients’ energy bills while bringing in new technologies like solar, smart thermostats and other net-zero energy technologies. The family all have experience with large corporations and several have started their own businesses.”
BuildingFootprintUSA acquired by LightBox
“Albany tech startup BuildingFootprintUSA has been acquired by a similar company with a presence in Silicon Valley.
BuildingFootprintUSA, a Start-Up NY company, has been acquired by LightBox, according to an announcement last month by the parent company. Terms were not disclosed.”
DataGen CEO talks health care expansion and growth of telehealth industry
“With Al Campanella as its new president, health analytics company DataGen is working to expand its presence beyond the 6,000 organizations it works with.
DataGen, the for-profit subsidiary of the Healthcare Association of New York State, helps roughly 5,000 hospitals and 1,000 health care organizations determine the impact of various federal and state regulations on finances and quality of care.”
GE Research project seeks faster vaccine production for future pandemics
“Scientists at GE Research are working to develop a small-scale portable vaccine factory under a Department of Defense contract worth up to $41 million.
The five-year time window on the project means it will be far too late for use in the COVID pandemic, even if it works exactly as envisioned. But future diseases will be prime candidates for the technology, which is planned to be transportable in a container via a large truck and make DNA-based vaccines in just three days, a thousand or more doses at a time.”
Last of GE’s Fort Edward factory is removed
“Another chapter of General Electric’s long and bittersweet history in the area played out last month with final removal of many structures from the old electrical capacitor factory here, which closed in 2016, when the company shifted operations to Florida.
“The main ones are gone,” Fort Edward Supervisor Lester Lolaw said, noting that a guard shack, one of the last structures to come down, was removed at the end of February, completing a more than year-long demolition process. There are a few small buildings at the back of the lot, however.”
Valmet factory near former Hudson Falls General Electric plant acquired by real estate investor Jerry Nudi
“Real estate developer Jerry Nudi has acquired the 30-acre former Valmet paper mill parts factory on the banks of the Hudson River in Hudson Falls, nine months after the plant shut down.
Nudi paid $777,500 to purchase more than 150,000 square feet of manufacturing and warehouse space that is equipped with cranes, furnaces for producing metal cast parts and a power substation.”
GyvLink’s aim is to simplify the process of in-kind donations
“A new startup in the Capital Region says its software simplifies the process of in-kind donations to nonprofits, increasing efficiency and reducing waste.
GyvLink’s aim is to make it easier for nonprofits to connect with individuals and corporations to ask for specific in-kind donations.”
Lawmakers want off-shore turbines to be built in New York
“With plans for a wind turbine tower factory here, the Capital Region has established itself as a center in the state’s growing alternative energy industry.
Now a group of local lawmakers want to build on that with a call for the actual wind turbines used in offshore development to be made in New York.”
GE scientists on verge of potential obesity breakthrough
“Scientists at General Electric Co. believe they may have found a potential breakthrough obesity treatment — using an everyday medical device.
In a study published in the medical journal Scientific Reports on Tuesday by scientists from GE Research in Niskayuna and the Feinstein Institutes on Long Island found that ultrasounds targeted on the livers of mice reduced weight gain and alleviated some of the causes of obesity itself.”