June 7 2019

Week in Review: June 3 – June 7, 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: Capital Region job market best in years for high school graduates

The Record: Report: Capital Region high school grad employment highest in 17-years  

Albany Business Review: New apprenticeship program will train next generation of software developers at Albany-area companies

Times Union: Apprenticeship program for software coders to launch


Linde gas plant in Selkirk planning upgrades

“Linde Gas North America on West Yard Road in Feura Bush, which provides nitrogen gas to the Sabic plastics plant, is planning to install a new backup system that will include four 15,000-gallon tanks.

The company will present the plans to the Bethlehem Planning Board at 6 p.m. Tuesday at Town Hall. The Linde plant was built in 1976 and is located on nine acres.”

$8M upgrade underway at Saratoga Casino Hotel

“An $8 million capital project will add a sports bar, VIP lounge and multiple functional or aesthetic upgrades to Saratoga Casino Hotel.

Casino managers unveiled the plans Thursday and presented them as a necessary evolution that will keep the facility competitive in an increasingly crowded gambling market.”

Hudson River Skywalk opens with fanfare

“On Saturday visitors enjoyed new perspectives of the breathtaking landscapes that inspired the Hudson River School artists while taking their first stroll on the newly unveiled Hudson River Skywalk.

The $11 million investment in Columbia and Greene counties known as the Hudson River Skywalk is expected to bring millions of additional tourist dollars to the region, according to a statement from Gov. Andrew Cuomo’s office. On Saturday, the walkway was officially opened with a celebratory ribbon cutting and with all the pomp and circumstance one might expect for a place dubbed, ‘America’s first canvas.’”

National Grid installs its first-ever battery system on NY grid

“National Grid has installed its first-ever battery storage system on its electrical grid in New York state.

The 2-megawatt battery storage system was installed at a National Grid substation in Pulaski, north of Syracuse. The system can provide power to 1,6

Photos: Machine manufacturer building new HQ in Mechanicville

“German machine manufacturer LISSMAC Corp. held a ground-breaking ceremony at its new U.S. headquarters on Tuesday afternoon.

The corporation’s American team has been based in a rented office, warehouse and production space in Waterford since 2009.”

Death Wish Coffee returning to International Space Station

“Death Wish Coffee, a company based in Round Lake, is returning to the International Space Station as part of a science experiment conducted by California students, according to the company.

Students from Santa Clarita Valley International Charter School will test whether black coffee kills a type of bacteria found in everyday plaque on teeth in microgravity in the same way it does on Earth.”

AngioDynamics moving 125 employees into downtown Glens Falls

“AngioDynamics will lease the 9th floor of the 10-story Monument Square building in a plan that will bring 125 employees into downtown Glens Falls.

The medical device maker is taking approximately 15,000 square feet of office space to accommodate personnel, most of whom previously worked at 10 Glens Falls Technical Park, the former Navilyst building that was sold to Medline Industries last week for $5.75 million.”

Data firm joins UAlbany Start-Up NY program

“DataFoxtrot LLC, doing business as BuildingFootprintUSA, has joined the University at Albany’s Start-Up NY program. The company develops spatial data in the form of building outlines with added information on building attributes.

It plans to hire 17 employees over the next five years and invest $300,000 in non-personnel expensives, according to co-founder Karl Urich.”

GE’s local X-ray facility takes on new importance

“General Electric Co.’s digital x-ray detector manufacturing facility appears to be part of GE’s long-range plans moving forward, at least for now, after the company unloaded its biopharma unit earlier in the year.

Under previous CEO John Flannery, GE planned to spin off its entire healthcare division, including the imaging technology facility, which employs 125 people at the Rensselaer Technology Park in North Greenbush.

Lumberyard hosts first movie shoot

“A year after opening its soundstage, Lumberyard Center for Film and Performing Arts booked its first production company to shoot scenes for a full-length movie.

REMcycle Productions, a Catskills-based company focused on film, television and theatre projects, filmed select scenes from its upcoming horror movie “A Deadly Legend” at Lumberyard for two days last month.”

Funding Partners