September 24 2021

Week in Review: September 20 – 24, 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:


ABC News 10: Nearly 50% more craft beverage producers in Capital Region over the last 2 years



Port of Albany cargo total surges to highest level in three years

“Surging demand for wood pulp and a steady supply of scrap iron is propelling the Port of Albany to its busiest year since 2018.

An average of 40 to 50 truckloads of wood pulp each week are heading from the port to paper mills around the region. Another four to seven railcar loads are leaving the port each week, destined primarily for a Procter & Gamble toilet paper factory in Mehoopany, Pennsylvania, near Scranton.”

Return Brewing plans microbrewery in downtown Hudson

“Investors in another microbrewery see opportunity in downtown Hudson.

Four business partners in their early 30s —  Mikey Lenane, Jack Liakas, JD Linderman and Bob Wise — want to open Return Brewing inside a portion of a warehouse at 726 Columbia St.”

Greene County wants to build industrial park near Cairo

“Greene County is laying the groundwork to create an industrial park with more than 120 acres for manufacturing, assembly and distribution companies in Cairo near Exit 21 of the state Thruway.

The privately owned land is on the north side of where Routes 23 and 32 meet in the rural town, which has about 1,000 residents.”

Albany Inno – How this Albany founder’s startup stumble led to a new business

“When Joseph Jacobs first had the idea for a software service to connect grieving families with support communities, he knew the idea was promising because of all the affirmations from friends and family.

He got the idea for the service after suffering the death of his mother in 2016 and multiple other tragic deaths in the following months, he said.”

Motor Oil Coffee Co. is latest venture from Joe Bonilla and Rich Fazio

“Four craft coffee blends are now available for in-person and online purchase from Albany-based startup Motor Oil Coffee Co.

Joe Bonilla and Rich Fazio — partners in the Albany marketing firm Relentless Awareness — co-founded the startup earlier this year. The duo said they were inspired by chatter overheard at several car shows they visited and saw a branding opportunity they couldn’t pass on.”

ReWire teams up with Tire Conversion Technologies to land more public work

“ReWire Energy has entered into a new partnership with the Latham manufacturer Tire Conversion Technologies that fits into the firm’s pivot earlier this year to focus more on state contracting work.

The new partnership names Saratoga Springs’ ReWire as Tire Conversion’s exclusive distributor for New York state public sector customers, providing public procurement officers as a certified minority-owned business enterprise vendor for traffic safety products.”

Oregon cannabis grower planning upstate New York marijuana growing, processing center

“Oregon marijuana grower Tim Lorito wants to convert a former Cambridge tissue plant into a $5 million indoor cannabis growing and processing center, bringing 50 to 100 jobs to Washington County.

Lorito is under contract to purchase 3.37 acres at 879 Route 22 in Cambridge from the founder of Morcon Tissue, who vacated the property when he moved his business to nearby Eagle Bridge.”

Funding Partners