October 18 2019

Week in Review: October 14 – October 18, 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:


Central New York Business Journal: Ithaca, Hamilton Among Finalists in FuzeHub’s Commercialization Competition


Area business to create partnerships between businesses and nonprofits

“New local business Knitt is on a mission to build stronger communities through smarter giving.

Knitt is a soon-to-be-launched online platform that creates partnerships between businesses and nonprofits.”

Brewery planned for old Hudson train depot

“The Galvan Foundation announced late Friday plans to restore the historic train station at 708 State St. to create a home for a new brewery.

Construction to restore the former Hudson Upper Depot will begin this fall, with the goal of reopening in spring 2020.”

Lake George Has Strong Summer Season, Eyes Getting More Year-Round Business

“For the businesses in Warren County, the end of summer sometimes means business slowing, or even coming to a full stop as they close up shop until next year.

Tourism in the Adirondacks is a $1.5 billion industry, which supports over 21,000 jobs, officials say. Of that sum, Warren County takes in 42 percent of the region’s tourism sales.”

‘CRAFT On 9’ Moves And Expands Popular Venue, Now Located In Downtown Glens Falls

“CRAFT on 9, a brew pub and restaurant has moved from South Glens Falls to 7 South St. in downtown Glens Falls and has expanded its business..

The building was purchased about a year or so ago by Chris Patten, and completely renovated. There are about 18 new apartments upstairs. The building is also home to Hometown Cigars & Lounge at 278 Glen St.”

Proposed Mohawk Harbor aquatic center in Schenectady gets big financial boost

“A private foundation has made a big fundraising splash for a proposed aquatic center at Mohawk Harbor.

The Wright Family Foundation of Schenectady announced Tuesday it will commit $3 million towards the construction of the year-round aquatic facility.”

Ribbon cutting marks another step forward for Albany’s Arbor Hill

“Lauren Manning knows how important affordable housing can be.

After she was laid off, she didn’t know how she’d be able to pay the rent. Then an apartment became available at the brand new 280 North apartment building in Arbor Hill.”

Specialty Silicone Products plans second Saratoga County expansion in 5 years

“Specialty Silicone Products wants to expand its gasket, seal and cap manufacturing plant in Saratoga County for the second time in five years.

The company, started by four former employees from GE Silicone, is seeking permission for a 25,000-square-foot expansion at its production plant at Corporate Technology Park off Route 50 in Ballston.”

SUNY Poly researchers get $1.5 million in industry grants

“SUNY Polytechnic Institute researchers have been awarded $1.5 million in matching grants from semiconductor companies for three research projects on semiconductor manufacturing and genomics research.

The grants came through the New York State Center for Advanced Technology in Nanomaterials and Nanoelectronics’s Matching Investment Program that supplies grant money to high-tech research projects at SUNY schools. GlobalFoundries, Siemens and Applied Materials are funding the research, matching $140,000 in state funding.”

Capital Region added 4,000 jobs over past year

“The number of Capital Region jobs climbed by 4,000 over the past year to reach 474,500 in September, an all-time high for the month, the state Labor Department reported Thursday.

Gains came in mining and construction, up 1,300; retail trade, up 700 ; professional, scientific, and technical fields, up 500; health care and social assistance, up 1,000; and in federal government employment, up 900.”

Filmmakers arrive for Adirondack Film Festival opening

“Filmmaker H. Nelson Tracey is making the nearly 3,000-mile trip here from Los Angeles for the Adirondack Film Festival, which kicked off Thursday night at the Charles R. Wood Theater.

Tracey and co-writer Jake Collins — their film, “Conspiracy Party,” screens during the festival — are among 200 filmmakers and guest artists arriving on Thursday for the three-day festival, now in its fourth year.”

Renovation work begins on former Gazette press building

“Another notable old building located downtown is getting a facelift.

Work started last week on the renovation of the former Gazette press building at 132 Broadway.”


Funding Partners