June 28 2019

Week in Review: June 24 – June 28, 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:


Daily Gazette: Apprenticeship program helps train software developers

CEG’s tech awards in Schenectady Thursday 

Times Union: Photos: 23rd CEG tech awards  


Capital Repertory Theatre clears last hurdle to start renovations on $12.4 million theater

“Capital Repertory Theatre expects to start renovations in August on a $12.4 million theater in downtown Albany and open in July 2020.

The professional theater company, which now calls itself theREP, received approval last week on a deal enabling it to avoid paying property taxes and receive other financial assistance for its new home at 251 N. Pearl St.”

Ecovative founders honored in Europe alongside inventors of computer vision for cars and the lithium-ion battery

“Eben Bayer and Gavin McIntyre — who started the mushroom technology company Ecovative Design 13 years ago after a class at Rensselaer Polytechnic Institute — were named finalists for the 2019 European Inventor Award.

The two other finalists in the category for inventors from outside Europe were the developer of driver-assistance technology and the inventor of the lithium-ion battery.”

DISCOVER COEYMANS, SELKIRK & FEURA BUSH: Port of Coeymans is poised to be a renewable powerhouse

“Powell and Minnock Brick Works ceased brick-making and shipping operations in 2001 along the shores of the Hudson River in Coeymans. This ended 151 years of production in the Hudson Valley of a material that served as the literal foundation of America and beyond. P&M was the last brick manufacturer in the state.

The demise of the once-thriving brick industry resembles the fate of many of the industries in New York, but this was not the end of the manufacturing and shipping legacy along the shores of the Hudson in Coeymans.”

$15 million apartment development approved for Albany’s Pine Hills

“The plans call for a big change in a neighborhood of older, multifamily homes rented by college students and small businesses such as bars and restaurants.

Patrick Rafferty of Alpha Rentals and PHJ LLC plan to demolish several rental properties and replace them with 97 apartments and ground-floor commercial space in a five-story building, plus parking.”

Troy manufacturer acquires Green Island facility, to add 50 jobs

“The Troy-based Ross Valve Manufacturing Co. is acquiring a Green Island manufacturing facility from LAI International for $2.5 million, with plans to expand operations and hire 50 new employees at the site.

Production had been on the decline recently at LAI’s facility — which was the former Zak Inc. plant on Tibbets Avenue — and employment fell from a reported 55 employees in 2014 to just 10 this year, all of whom will be retained to continue working at the site.”

King Brothers Dairy breaking into the ice cream market

“After more than a century in the milk business, family owned and operated farm King Brothers Dairy is breaking into the ice cream market.

King Brothers Dairy recently began making and selling its own ice cream from the local farm’s brand new farm store and ice cream parlor, which opened in May.”

‘Sky is limit’ for Catskill waterfront

“As the village moves into the final leg of updating its comprehensive plan, residents are also being asked to think about waterfront revitalization.

On Thursday from 3-7:30 p.m. at the Robert C. Antonelli Senior Center, the village will host its first open house for residents to come discuss all things waterfront.”

State opens campground at former Frontier Town in Adirondacks

“State officials Wednesday announced completion of the Frontier Town Campground, Equestrian and Day Use Area, a key part of the new Gateway to the Adirondacks.

About $25 million in state and private funds has been committed to transform the site of the old cowboy-themed tourist attraction at Northway Exit 29 into a new regional hub for tourism.”

Lake George offers up dino roars and splash battles

“Those looking to live out their “Jurassic Park” nightmares can look no further than Lake George.

Dino Roar Valley lives up to its name, with sounds from Spinosaurus, Ankylosaurus and others echoing throughout the park.”

Why this Schenectady startup is building a social media app for young athletes

“Hunter Moffat — founder and CEO of Trophecase — said the app is essentially LinkedIn for youth athletes, providing stats, multimedia and profiles on specific athletes as a resource for athletes or college recruiters to track their performance.

Hunter Moffat — founder and CEO of Trophecase — said the iOS and Android app is essentially LinkedIn for youth athletes, providing stats, multimedia and profiles on specific athletes as a resource for athletes or college recruiters to track their performance.”

Funding Partners