Week in Review: October 7 – October 11, 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:
CEG IN THE NEWS
Record: Capital Region startup ships biometric gun holsters
Times Union: Schenectady, Spa City mayors on Mideast trade mission
Record: Tech Valley Center of Gravity announces new classes
REGIONAL ECONOMIC DEVELOPMENT NEWS
Technology boosts manufacturing in South Troy
“The factory floors are spotless, the assembly areas brightly lighted, as computer numeric control machines whir away, cutting and shaping wood into everything from custom panels and cabinets to fluted columns and crown molding.
You can see the work of MMC Millwork in the newly restored Adelphi Hotel in Saratoga Springs, as well as in area bank lobbies and restaurants.”
Albany college plans $37 million center to prepare students to work at companies like Regeneron
“The Albany College of Pharmacy and Health Sciences plans to create a $37 million training center to prepare students for careers in the fast-growing biopharmaceutical industry.
The Center for Biopharmaceutical Education and Training would be in Albany, likely on the pharmacy college’s campus on New Scotland Avenue. The center would train people — including pharmacy students and mid-career professionals — for jobs making biopharmaceutical drugs, a rapidly-growing part of the drug industry nationwide.”
Bilinski’s CEO thinks new product line will account for 50% of sales in 5 years
“Stacie Waters spent a year experimenting with wheat and white beans, wild mushrooms and bell peppers before she found the right taste and texture for Bilinski’s Sausage Co.’s newest product line.
The president and chief executive of the Cohoes sausage company also invested about $500,000 buying mixers and other equipment as she prepared to enter the fast-growing plant-based food market in the United States.”
Cree CEO loved upstate welcome
“No one will be confusing the city of Utica with San Jose, Calif., anytime soon, but Gregg Lowe says they may one day have a lot in common.
Lowe, the CEO of Cree Inc., a Durham, N.C., semiconductor company, traveled to upstate New York last month to announce that his company would build a $1 billion factory next to the SUNY Polytechnic Institute campus in Marcy, a suburb of Utica.”
Why a half-acre of parking in downtown Albany could sell for $3.3 million
“Capitalize Albany Corp. has agreed to buy about a half-acre of parking lots in downtown Albany for $3.3 million as part of an effort to take control of the land where a convention center was originally proposed to be built.
The board of Capitalize Albany — a local public authority that serves as the city’s economic development arm — approved the purchase of the properties owned by a trust controlled by Daniel P. Chambers, Douglas G. Chambers and David O. Chambers.”
Gerry Glynn left art school, but found a path in design at Creatacor
“Creatacor, which builds trade show booths, retail displays and special event presentations in Halfmoon, is like a second home to Gerry Glynn. He has worked there for 27 years, and still gets energized by the challenge of creating something unique and memorable on a tight deadline.”