Week in Review: October 10, 2022-October 14, 2022
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CEG IN THE NEWS
Siena College: SCRI/Career Jam Student Survey of CapNY 8th and 9th Graders Reveals Regional Challenge to Better Align Future Workforce Skills, Traits, and Interests with Careers in Demand – Siena College Research Institute
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Tracy Slocum’s innovation to stay warm, dry and fashionable while outdoors turned into a business in Latham called Pretty Rugged.
Launched several years ago, the company sells what it calls the ‘world’s first blanket with luxe faux fur on one side and waterproof, windproof, washable RuggedTex fabric on the other.’”
“Shaker Logistics is on pace to handle 30,100 shipments this year, a 57% increase since the freight hauler and broker decided to invest $6 million three years ago to move its headquarters from Latham to Hudson River Road in Waterford.
“We were like a crab in our small shell,” said Shaker Logisitics chief executive Jason Smith. ‘If we didn’t get a new shell, we couldn’t have grown the way we have. I don’t think we realized how restrictive it was when we operated out of multiple small properties.’”
“Michael Fancher has spent his career in the semiconductor industry trying to figure out how to bridge the “valley of death.”
That’s a metaphor for the major hurdles that await technologists and inventors trying to bring their products to market. Those pitfalls often involve getting start-up funding or late-stage capital needed to begin volume manufacturing.”
“Three Capital Region companies are finalists in a business commercialization contest held by Albany-based FuzeHub that is offering a grand prize of $150,000 to the winner.
FuzeHub is an Albany nonprofit that gets state funding and helps manufacturers in New York bring their products to market.”
“WyreStorm, a manufacturer of audio and video equipment for sports bars, convention centers, courtrooms and boardrooms, is investing up to $5 million to quadruple its operations center in Clifton Park.
The move comes as the Covid-19 pandemic continues to fuel demand for webcams, speakerphones and other audio and video devices, contributing to a projected 45% increase in revenue this year, said WyreStorm chief operating officer Don Seguin.”
“Sanitizer and disinfectant maker AgroChem is preparing to construct a 25,000-square-foot-plus addition at its Saratoga Springs factory to add storage capacity and increase production by 20%.
‘Unrelentless price increases and supply chain disruptions are two of the big reasons we want to expand,” said president Rob DeMarco. “We could have used the space two years ago.’”