Week in Review: October 24, 2022-October 28, 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:
CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Tracy Slocum, founder of Colonie-based blanket and clothing business Pretty Rugged, made her debut on the popular reality TV show “Shark Tank” Friday night where she successfully scored a deal from two of the celebrity investors.
The business owner made her pitch in front of the panel of investors known as the sharks in the episode that aired Friday at 8 p.m. on NBC. Slocum accepted $200,000 from sharks Robert Herjavec and Lori Greiner in exchange for a 25 percent stake in her company that produces waterproof and windproof blankets and other durable clothing items.”
“About a year after setting up a manufacturing facility in Troy, a local plant-based mozzarella stick company has its products in 30 restaurants and they’ve been picked up by distributor US Foods.
Imposter Food was started by Ryan Feiner two years ago. Feiner, who has a master’s in petroleum geology and worked at the Honest Weight Food Co-op in college, said he developed the recipe for the vegan cheese — coconut oil is a primary ingredient — after noticing that none of the large plant-based companies were making mozzarella sticks.”
“The long-running joke in downtown Schenectady used to be that pedestrians didn’t need to look both ways before crossing State Street because they had no chance of getting whacked by a car.
By the 1990s, downtown was a hollowed-out shell. Now building on the efforts of decades of strategic investment, multiple projects poised to further fill in downtown dead spots are nearing completion, including apartment buildings, restaurants and medical offices.”