August 30 2019

Week in Review: August 26 – August 30, 2019

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:


Times Union: Companies have to get creative when it comes to hiring

Spotlight News: United Aircraft Technologies is creating big opportunity through a small solution


Site selector proposes 1.4 million-square-foot distribution hub in Saratoga County

“Insite Real Estate, a suburban Chicago site selector, wants to construct a distribution center in the Luther Forest Technology Campus in Malta that could be as large as 1.4 million square feet.

Insite is proposing to build up to two warehouses on 165 acres that the site selection firm is under contract to buy from MRFA LLC, a real estate holding company controlled by principals of D.A. Collins Cos. construction company in Wilton.”

Rosetti Development plans to build 2 warehouses in Colonie

“Richard Rosetti is planning to build two warehouses off Central Avenue in Colonie. He’s in the process of securing approvals and finding tenants.

One building would be 38,955 square feet and the other would be 26,250 square feet, on Albany Street, near where Central Avenue and Route 155 intersect. The project will cost about $5 million.”

Duanesburg Airport gains light industrial company, hopes to add others

“The owners of Duanesburg Airport have landed the first in what they hope will be a string of light-industrial and other business on the open land away from the runway.

HP-You will move from its Knox and Colonie locations to a new building it hopes to start constructing next month. As the name implies, the company designs and assembles smart hydraulic power units (HPU — get it?) for industrial users large and small.”

New wedding barn venue opens in Saratoga

“There’s a new place to get hitched in Saratoga County with the opening of new wedding barn venue DeMaranville Farm & Gardens.

With the Saratoga track season in full swing, local barns are full of some of the finest racehorses in the country, and many of those barns are beautiful in their own right – decked out with flowers, lights and carefully raked pine shavings.”

When it comes to adding young adults, Albany’s beating upstate — but trailing the rest of the nation

“The Albany region is growing its young adult population at a faster rate than anywhere else in upstate New York.

That’s good news for an area that hasn’t always been able to attract — or keep — working-age adults, in this case people ages 18 to 34.”

Report: NY farms generated $5.7 billion in 2017 revenue

“A report recently released by State Comptroller Thomas DiNapoli states that New York farms generated $5.7 billion in revenue in 2017.

‘Agriculture is an essential part of New York’s economy,” DiNapoli said in a news release. “Farms generate billions of dollars in sales, provide jobs and enhance our quality of life. But farmers face challenges, including fluctuating milk prices, threats from a changing climate and disrupted trade relations. We need to build on our previous actions to make sure that agriculture can thrive in the Empire State for generations to come.’”

Tourism Board to review marketing plan

“The city Tourism Board at its meeting tonight is expected to discuss the Common Council’s decision against entering into a contract with a firm for a marketing study.

The Tourism Board will meet at 5:30 p.m. at the Columbia County Chamber of Commerce building, 1 N. Front St.”

The region’s largest construction project is taking shape on Regeneron’s campus

“Christina Steel will finish building the skeleton of Regeneron Pharmaceuticals’ 346,000-square-foot packaging plant next month in East Greenbush.

The two-story “finish and fill” facility will position the drug maker to start loading some of its syringes in-house for the first time as the company continues to develop medications that treat eye disease, arthritis, asthma and other ailments.”

GE solar spinoff company expanding in Schenectady with new office

“A General Electric spinoff company — Distributed Solar Development — is moving its headquarters, and 16 employees, to a new office in Mohawk Harbor in Schenectady.

Distributed Solar Development will be leasing 6,700 square feet of space that will allow the company to grow after getting an investment from BlackRock earlier this year.”

Albany Can Code to offer 4 classes for first time

“Albany Can Code is holding four software coding classes next month, the most ever by the nonprofit.

UNY Schenectady will host classes for JavaScript and SQL/ETL, which is database software.”

These HVCC graduates will power factories of the future

“With a flurry of confetti, educators and local officials on Tuesday unveiled the $14.5 million Gene F. Haas Center for Advanced Manufacturing Skills, the latest addition to the campus of Hudson Valley Community College.

The new building, filled with state-of-the-art computer numerical control machines, a metrology laboratory and tools for material analysis, will allow HVCC to double enrollment in its advanced manufacturing technology associates degree program to 288 students from 144 currently, school officials said.”

Proposed downtown Schenectady business district expansion moves closer to vote

“People thought Michael Burns was out of his mind when he and his wife bought a house in Schenectady years ago.

Dropping off his kids and getting them in and out of cars was like a military operation.”

Achievement unlocked, Albany: How the video game sector can grow even bigger here

“No one would move to Albany when Karthik and Guha Bala built their first video gaming studio Vicarious Visions almost 20 years ago.

Guha Bala had to travel to Russia and China to recruit developers with ads placed in newspapers and all-day interviews. Karthik Bala had to recruit friends and classmates at Rensselaer Polytechnic Institute to work for Vicarious.”

Can’t get enough of the Saturday Troy farmers market? Soon you’ll be able to get your goods on Wednesdays, too

“Customers will have the chance to buy fresh veggies, meats and other local goods during the week when the popular Troy Waterfront Farmers Market starts hosting a Wednesday market this fall.

The weekly Wednesday market starts Sept. 4, from 11:30 a.m to 7 p.m., outside on the sidewalk along Broadway between Third and Fourth streets.”

Hudson 6th among small arts communities

“From art exhibits to musical performances, Hudson has a vibrant arts community — and now it is receiving national recognition for it.

Hudson was ranked sixth in the country for “arts vibrancy” among small communities, according to the 2019 Arts Vibrancy Index Report released by SMU DataArts, the National Center for Arts Research at Southern Methodist University in Dallas, Texas.”

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