Week in Review: October 21 – October 25, 2019
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“To some New York legislators, there is an evident disconnect between rural, upstate communities and the federal government. U.S. Rep. Antonio Delgado, D-19, and U.S. Sen. Kirsten Gillibrand, D-N.Y., hope to bridge the gap with new proposed legislation they announced Monday.
The Rebuild Rural America Act proposes an overhaul of the current federal funding model with a $50 billion, multiyear federal grant solely for rural communities across the country. The grant would address complex rural issues ranging from rural broadband to aging infrastructure to child care.”
“Cree Inc., the company building a manufacturing facility in Marcy, has created its first silicon carbide test wafers at SUNY Polytechnic Institute in Albany.
The test was a collective effort between Cree, SUNY Poly and the New York Center for Research, Economic Advancement, Technology, Engineering, and Science (NY CREATES).”
“A New York City-based esports and gaming hot spot is opening a location in downtown Troy.
Waypoint Cafe plans to open a shop in one of the retail spaces below the City Station apartment complex on 6th Avenue, said Gino Gigante, the cafe’s owner. Gigante anticipates opening in either late 2019 or early 2020 and employing about 10 people.”
“The Albany-Schenectady-Troy metropolitan statistical area was tied for the lowest jobless rate in the state in September, at 3.4 percent, the state Department of Labor said Tuesday.
Also coming in at 3.4 percent were the Kingston and Long Island metro regions. The Glens Falls metro was tied for second-lowest at 3.5 percent.”
“Death Wish Coffee — the hugely popular skull-and-crossbones-branded coffee roasted in Saratoga County — is preparing for major growth with the hiring of its first chief operating officer.
Death Wish has hired Mike Pilkington, the former president of Sysco Albany.”
“Esperanto, the fast-casual Caroline Street restaurant, is expanding with a 2,700-square-foot commercial bakery, the Saratoga County Prosperity Partnership announced Wednesday.
The addition of the Milton Street bakery will add up to 40 jobs, SCPP said, with the restaurant hoping to expand its selection of grab-and-go products to college dining spaces, entertainment venues and convenience stores.”
“An Albany County craft beverage producer is the first state-licensed farm meadery to produce mead from New York honey, state officials said Thursday.
Royal Meadery in Delmar is owned and operated by Gregory Wilhelm, a beekeeper and brewer. Royal is the first beneficiary of a measure signed into law by Gov. Andrew Cuomo last December that created a farm meadery license similar to the farm licenses that already existed for breweries, distilleries, wineries and cideries.”
“Distributed Solar Development has secured a $250 million fund to pay for distributed generation projects through 2020.
The deal is financed by Morgan Stanley, Silicon Valley Bank and Fifth Third Bank, and was announced Wednesday.”