Week in Review: October 11 – October 15, 2021
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“The medical device startup ReVivo Medical said Monday that it has raised $2 million over the past year. That includes $550,000 announced in January.
This round of funding allows the company to complete 50 surgical procedures as part of a clinical trial for its flagship products.”
“The Capital Region on Friday cemented its place as a center for New York’s growing offshore wind industry with the announcement of a second major assembly point for the turbine structures that will ultimately go off the coast of Long Island over the next decade.
The Port of Coeymans will serve as the assembly area for construction of wind turbine platforms which will support the Sunrise Wind offshore project off the east end of Montauk Point.”
“There is a workforce shortage right now in all areas of the medical industry, and a new Albany startup is working to address the problem.
The medical certification training center has already made a small difference in the Capital Region, and the two founders have big plans for the future of their startup.”
“Welcome to the Matrix.
Although the leader of this enterprise, Susan Sharfstein, a professor of nanobioscience at SUNY Polytechnic Institute in Albany, is harvesting cancer-killing cells, not humans – her work is redolent of the classic 90s-era sci fi movie of the same name.”
“When Michael Howard began designing and building sensors to monitor industrial equipment out of his South Glens Falls home six years ago, he had hoped his business venture would flourish.
Today, Erbessd Instruments and Vibro-Lasers helps more than 2,000 clients around the world monitor the condition of vital equipment, saving companies — from the likes of Google to the U.S. Navy — millions of dollars in costly repairs and lengthy shutdowns.”
“Greene County plans to purchase land adjacent to the New York State Thruway with the goal
of growing economic development in the area.
The 2.216-acre property, next to Exit 21 on the Thruway, came with a price tag of $421,000, according to a
resolution adopted by the Greene County Legislature on Oct. 12.”