CEG Economic Development Week in Review December 2 – December 6, 2024

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

Albany Businss Review: Colonie and Bethlehem struggle to fill economic development positions

UAlbany: University at Albany Launches Major and Graduate Program in Game Design and Development

WNYT News 13: UAlbany creates new gaming design graduate program

REGIONAL ECONOMIC DEVELOPMENT NEWS

IBM and Albany Partners Unlock New Yield Benchmarks for EUV Patterning

“Over the last few decades, the exponential explosion in computing power has relied on ever shrinking transistor dimensions. The size reduction of the smallest features patterned on silicon wafers has been largely enabled by advances in lithography, a process which uses light, a mask as a design template, and a photosensitive material cast on the wafer to define patterns. Innovations in lithography equipment in the last 40 years have allowed us to print smaller and smaller features by using shorter wavelengths of light and by increasing the numerical aperture (or NA) of the machines’ optics. However, the evolution of these machines alone is insufficient to achieve their ultimate resolution in real world devices.”

Adirondack Park Agency approves Barton Mines expansion

“A sixth-generation, family-owned garnet mining operation in Johnsburg and Indian Lake received Adirondack Park Agency approval for its expansion plan on Thursday. The plan allows the hard rock mine to operate for another 66 years.

The agency board voted 8-0 for the Barton Mines permit that has been in the works for three years.”

NSH USA planning $7 million expansion in Menands

“NSH USA Corp. is building a new, 18,000-square-foot addition to its headquarters and manufacturing assembly plant on Broadway.

Groundbreaking on the $7 million project is planned for early next year and will expand capacity to meet demand from record orders and new contracts with aerospace and defense customers in North America, said David William Davis, the company’s president and chief operating officer.”

MorningLine is AI to help horse racing bettors

“Jon Keller was at the Belmont Stakes at the Saratoga Race Course this past June when he had an idea.

The president of the Schenectady software firm Jahnel Group was new to the sport and trying to interpret the racing program. So he uploaded photos of the race information into ChatGPT.”

SUNY Schenectady unveils new esports arena

“When Daniel Van Buren enrolled at SUNY Schenectady County Community College two years ago, he never thought there would be a place on campus where he and his friends could socialize and play video games in between classes.

At the time, Van Buren was president of the college’s Dungeons and Dragons Club, which had just four members. The club steadily bolstered its ranks and eventually rebranded itself as the Gaming Club, but Van Buren and his friends were still without a place to game outside of a small club office with limited hours.”

Parillo Sausage Co. in Saratoga restarts production with new generation

“When Marc Parillo died suddenly in February, the future of Parillo Sausage Co. in Saratoga Springs was unclear.

Parillo and his wife, Cheryle, were the second-generation owners of the more than 70-year-old family business.“

Realm Artesian Water seeks funding, prepares to bottle in Clifton Park

“Realm Artesian Water is leasing a new space as the brand prepares goes to market.

CEO Todd Kletter said the new location is a 9,000-square-foot stand-alone building at 8 Fairchild Square in Clifton Park near Exit 10 of the Northway.”

GE Aerospace pairs with Boeing, NASA on new engine design

“Scientists and engineers working for GE Aerospace’s research lab in Niskayuna are joining with Boeing and NASA to develop a massive leap in airplane engine design and efficiency.

And they are getting a huge lift from two of the U.S. government’s most powerful supercomputers to get the task done.”

RPI’s new startup accelerator, The Bridge, gets $8 million in funding

“Rensselaer County has allocated $8 million to support a downtown Troy business accelerator that has the backing of Rensselaer Polytechnic Institute, Hudson Valley Community College and the University at Albany.

The funding for the accelerator — to be called The Bridge — was included in the county budget that was approved Wednesday.”