Week in Review: September 7 – September 11, 2020

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

Daily Gazette: $8M revolving loan fund created for businesses hit by COVID in Capital Region

Times Union: Feds award $1.15 million to aid local manufacturing amid COVID-19

REGIONAL ECONOMIC DEVELOPMENT NEWS

Philips Medical Systems wants to expand again in Latham

“Philips Medical Systems MR Inc. hasn’t yet moved into an a newly built $13 million addition at its manufacturing plant in Latham but already needs more room.

Philips, which makes equipment for MRI machines, is seeking approval from the Colonie Planning Board to construct a 37,667-square-foot, one-story building at 450 Old Niskayuna Road.”

Albany Distilling Co. launched its to-go cocktail line just in time for the pandemic

“When John Curtin started working on a line of canned cocktails for Albany Distilling Co., he didn’t know that just months later an economic shutdown would make to-go cocktails a key revenue stream.

The co-owner of Albany Distilling had been wanting to capitalize on the growing “ready-to-drink” trend for years.”

Massive Amazon fulfillment center opens in Schodack

“Amazon opened its new fulfillment center in this Rensselaer County town on Friday, marking the end of a years-long – and at times contentious – process to build the first such facility for the company in upstate New York.

The facility will eventually employ more than 1,000 full-time workers who will stack, pack and ship items to customers across the region, including bulk paper goods, sports equipment, pet food and supplies, electronics, and household goods.”

Venues rally to save live entertainment scene

“Arts, concert and performing venues are banding together to help the local entertainment scene recover from the financial damage wrought by the coronavirus pandemic.

Thousands of entertainment venues across the country lighted their buildings in red last week in a call for action to Congress.”

HVCC’s Ramsammy named to NYSEDC board

“Hudson Valley Community College President Roger Ramsammy has been named to a two-year term on the board of directors of the New York State Economic Development Council (NYSEDC).

The appointment was made at the Economic Development Council’s annual meeting on Sept. 2.”