November 5 2021

Week in Review: November 1 – November 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:


Albany Business Review: Albany Inno – Tech Valley Center of Gravity executive director exits, search on for successor


Albany Inno – Three early startups with big goals at UAlbany

“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.”

Albany’s elevated Skyway park should be completed in December

“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.”

Port of Albany offshore wind manufacturing complex job count spikes to 550 as Marmen Welcon sees growing demand

“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.”

Albany Inno – Innovate 518 and the UAlbany incubator now have a physical space — here’s what comes next

“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.’”

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