Week in Review: November 1 – November 5, 2021
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“It can take years for startups to commercialize new technology, especially new materials for the medical and aerospace industries. No matter how advanced final products become, they all have to start somewhere. It’s usually as discoveries, oftentimes by accident, inside academic research labs.
Labs inside the Capital Region’s several research colleges are birthplaces of numerous startups at various levels of development and commercialization.”
“The Albany Skyway, the makeover of the former Clinton Avenue Interstate 787 ramp into an elevated park, should be completed next month — and will boost opportunities for small business owners nearby, according to officials.
The skyway is viewed as one of the city’s efforts to revitalize Clinton Square, a one-third mile stretch off Clinton Avenue that would connect the city’s downtown with the currently blossoming rehabilitation of the Warehouse District.”
“Marmen Welcon is accelerating hiring plans and adding 200 more jobs than expected to operate its proposed $350 million offshore wind tower plant at the Port of Albany.
The joint venture of Quebec-based machining company Marmen Inc. and steel fabricator Welcon of Denmark originally planned to hire 350 welders, electricians, assembly workers, painters and support staff. Strong demand has prompted them to increase the headcount to 550.”
“Innovate 518 and the UAlbany Innovation Incubator have their first brick-and-mortar office, a space inside UAlbany’s new ETEC building. And with two new entrepreneurs-in-residence —Heidi Knoblauch and Bruce Toyama— the organization is ready to continue filling up the space with startups.
‘Now that we have Bruce and Heidi on board and we have a facility, I think really what we’re going to be doing … is start marketing this much more regularly,” said Matt Grattan, director of community and economic development for UAlbany’s Division for Research. “The next phase is just to grow this.’”