Economic Development Week in Review: September 2- September 7, 2018
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
Times Union: GlobalFoundries exec to give tech summit keynote
REGIONAL ECONOMIC DEVELOPMENT NEWS
GE, DARPA targeting diabetes with bioelectronics
“GE Global Research scientists are working with the Defense Department’s early-stage technology development arm to create bioelectronic devices to treat diabetes and other illnesses without drugs.
GE researchers are in Washington, D.C., this week to demonstrate the technology at the D60 symposium, the 60th anniversary celebration of DARPA, the Defense Advanced Research Projects Agency.”
Industrial hemp farmers setting up processing plant in Rensselaer County
“The founders of HempChain Farms in Berlin, New York, have purchased a warehouse in Hoosick Falls where they will process their first crop of industrial hemp.
Maxson Freeman, Nicholas Guarino and Owen Martinetti hired Hoosick Valley Contractors Inc. to convert an 8,800-square-foot former digital print shop on Route 67 into a processing center. The site will be equipped to extract, process and package cannabidiol, also know as CBD, from 40,000 hemp plants. The trio is growing the plants at their 189-acre farm 20 miles away.”
1,250-ton cooling towers head down the Hudson
“One million pounds of cargo left the Port of Coeymans late Tuesday afternoon for a 36-hour journey down the Hudson River.
The barge, from Carver Companies in Coeymans, is carrying cooling towers for a PSEG power plant in Bridgeport, Connecticut. It passed through Hudson and Catskill on Tuesday night between 8 to 9 p.m. and is expected to arrive in Bridgeport at 3 a.m. Thursday.”
Made here: The view from start to finish at Case Window & Door
“The Case Window & Door factory in Green Island, New York, isn’t just where the product is made.
The building itself is a marketing pitch, with one side that could double as a cathedral wall, though instead of stained glass, there are tall windows stacked from floor to ceiling.”
Plug Power teams up with Rensselaer Polytechnic engineers on hydrogen refueling project
“A team of engineers from Rensselaer Polytechnic Institute is working with Plug Power in Latham, New York, to reduce the time it takes to refill hydrogen fuel cells.
The fuel cell manufacturer is among several companies throughout the state looking to improve products and become more efficient by working with Rensselaer’s Center for Automation Technologies & Systems.”
Empire Corridor rail improvements in the works
“Commuters along the Empire Corridor will see some improvements as work progresses on improvements at Penn Station, the new Schenectady rail station nears completion, and Amtrak prepares to update its diesel locomotive fleet.
On Thursday, Gov. Andrew Cuomo announced plans for new entrances to Penn Station intended to ease crowding. Amtrak’s Empire Service returned to Penn at the beginning of the week, following a summer-long diversion to Grand Central Terminal so that tracks and a bridge could be repaired and upgraded.”
Capital Region beer industry booms despite looming challenges
“rent Ridge and Josh Kilmer-Purcell — owners of the specialty farm craft store Beekman 1802 — stood in front of an audience in downtown Schenectady to spotlight a new product and partnership.
The couple, flanked by representatives from Brewery Ommegang, one of the oldest craft breweries in the region, unveiled their new goat milk stout beer.”
Brewery owners to roll out new business
“A new business is brewing on Main Street in Catskill.
Max Ocean and Zane Coffey, owners of the Livingston-based Subversive Malting & Brewing, are planning to open the Catskill Beer Cafe at 414 Main St., the former home of The Daily Mail.”
