Week in Review: April 1-April 7, 2017
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“More than 1,100 New York food growers and producers are now participating in Taste NY, a buy-local, eat-local, drink-local state promotion designed to boost agritourism and promote New York’s food and beverage industries.
The program was begun in 2013 and has seen participation grow substantially each year since. In 2016, operating on a $1.1 million state budget appropriation, the Taste NY program rang up $13.1 million in sales at its various locations, nearly triple the $4.5 million it realized in 2015.”
“Just Beverages transports water packaged in Glens Falls to the West Coast by rail.
‘It’s a small but growing part of our business,’ said Jim Siplon, the chief operating officer, of the company’s rail shipments.”
“AngioDynamics is consolidating some of its manufacturing operations to New York as it closes two of its four factories.
The drug maker, which is among the largest biotechnology employers in upstate New York, announced the move in a call with shareholders Thursday.”
“The future of the largest piece of developable property in downtown Albany, New York will depend upon a government study.
“Empire State Development is now in the process of retaining a consultant to conduct due diligence and a feasibility study for the property located off Broadway,” according to a statement released by the state agency.”
Plug Power, the Latham, New York, fuel cell manufacturer, has signed a multi-year contract with Amazon that includes the opportunity for Amazon to buy up to 23 percent of Plug.
Amazon (NASDAQ: AMZN) will begin using Plug Power’s fuel cells to power its industrial equipment, including forklifts, in 11 of Amazon’s fulfillment centers this year. Plug Power said revenues from the commercial agreements are expected to be about $70 million in 2017. Amazon will be purchasing the equipment.