May 27 2022

Week in Review: May 23 – May 27, 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: Data shows Capital Region retirements on the rise 

Albany Business Review: Capital Region’s video game cluster works toward critical mass, but obstacles remain



New York cannabis: More growers get license for recreational crop

“The third group of farmers that have been approved to grow recreational marijuana in New York state includes some notable Capital Region business owners.

Among them is Dietrich Gehring, co-owner of Indian Ladder Farms Cidery & Brewery in Altamont, who is registered with the state as the owner of Moby & Zeke LLC.”

GlobalFoundries makes deal with Motorola, announces launch of two new development programs

“GlobalFoundries (NASDAQ: GFS) is cutting deals and launching new programs geared toward developing next-generation technologies and securing customers.

The semiconductor manufacturer made several announcements detailing company improvements on Thursday, including a deal with Motorola Solutions and two innovative projects.”

New Albany Nanotech leader ready for industry expansion

“Albany Nanotech, the sprawling state-owned computer chip research campus located across the street from the University at Albany, picked longtime chip industry executive David Anderson as its new leader last month.

And while Anderson’s appointment probably doesn’t concern the average Capital Region resident too much, it signals the start of a new era of growth at Albany Nanotech.”

Albany Inno – AI startup Intelligent Medicine partners with Siemens

“An AI startup in Schenectady wants to change the way buildings are designed through the use of an infectious particle transmission simulator. And that startup, Intelligent Medicine, is taking the next steps toward commercialization with corporate and federal partnerships.

Intelligent Medicine is now partnering with tech development giant Siemens to explore use of the product, called Circulate, in its systems, said founder Adam Ryason”

Hochul to unveil program to train soldiers at Albany Nanotech

“Gov. Kathy Hochul will announce a new program Wednesday that will train military members in semiconductor manufacturing at Albany Nanotech before they return to civilian life.

The VET S.T.E.P. Career Skills Program as it is called is funded by the National Science Foundation and was developed in partnership with the Mohawk Valley Community College.

Schenectady, N.Y., Works on Virtual Community Power Plant

“he city is seeking to move forward with a new program in the coming months that would retrofit low- and middle-income households with green technology, an initiative officials say will reduce carbon emissions, lower the cost of living and serve as a model for the greater Capital Region and beyond.

The so-called Schenectady Community Virtual Power Plant, unveiled during a Monday press event at City Hall, would supplement the city’s HOMES program by setting aside millions to cover the costs of installing solar panels, battery energy storage units and other smart technology in homes sold under the program.”

Port of Albany picks Hudson Meridian as construction representative for $350 million offshore wind tower factory

“The Port of Albany has selected Hudson Meridian Construction Group of Manhattan to serve as its owner’s representative to oversee construction, testing and inspections of a $350 million-plus wind tower manufacturing plant on the Hudson River.

The port commission voted Wednesday to award a $5.6 million contract to Hudson Meridian, a general contractor and construction management company that has built skyscrapers, condominium complexes and waterfront projects throughout New York City.

New summer life for old Catskills ski towns

“The mountain towns of Windham and Tannersville might be best known for winter sports, but like much of the Catskills, they’ve undergone something of an accelerated renaissance in recent years, with a spate of new openings that are fast establishing the region as a year-round destination.

“We’re still seeing a rise in visitors during the ‘off-seasons,’” said Julija Stoliarova, who co-founded the Scandinavian-inspired Eastwind Hotel & Bar along with Bjorn Boyer and Daniel Cipriani. “There is so much more to do up here than just skiing Windham Mountain. We’re seeing more visitors immerse themselves in the food, arts and culture scene up here.”

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