CEG Economic Development Week in Review July 8 – July 12, 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:
REGIONAL ECONOMIC DEVELOPMENT NEWS
Gatherer’s Gourmet Granola founder starts Orgin organic nut brand
“When Gatherer’s Gourmet Granola began in 2010, founder/CEO Sandro Gerbini said the company took a risk on manufacturing its own products.
‘We started looking for a co-manufacturer to partner with — somebody that would handle our small volume requirements while also delivering on our quality mission for our customers,” Gerbini said. “We failed to find anybody who met all those criteria and abandoned that search and started investing in our own equipment.’”
Q&A: Battenkill Creamery’s milk popular at Troy farmers market
“Farmers markets are in full swing outdoors. Local vendors fill streets, parks and lots with various produce, prepared foods, drinks, snacks, baked goods, cheeses, meats, and more around the Capital Region. As an extension of the food truck Q&A series, in which readers got to know local trucks, the faces behind them and their backstories, we’re doing the same for farmers markets. This week, we talked with Eric Jenks, marketing director for Battenkill Valley Creamery.“
GE Vernova bolsters generator production in Schenectady
“GE Vernova will invest $22 million at its Schenectady plant to support its production of advanced generators, the company announced Wednesday.
Vernova, which in April spun off from General Electric and includes power, wind and electrification segments, expects to add more than 150 new jobs as a result of the investment. No timeline was provided by the company, but a spokesman said it was “moving as quickly as possible.”
Expansion Project for Troy Music Hall
“he Troy Savings Bank Music Hall Corporation unveiled its plans last week for a significant expansion project that involves repurposing the former bank lobby into a creative hub.
The project includes two main components. First, the creation of The Capital Region Music Hub, which will repurpose the bank’s lobby space into a multifunctional cultural and community center. Second, the HVAC system in the Troy Savings Bank Music Hall will be updated to provide conditioned and filtered air, extending the programming season and improving the environment for attendees.”
Glenville planners consider new industrial buildings
“A real estate development company appeared before the Glenville Planning and Zoning Commission on Monday to propose the construction of two industrial buildings at the intersection of Airport and Tower roads.
LSI Development Group, represented by site engineer Brett Steenburgh, shared conceptual designs for a 65,000-square-foot warehouse and a 24,000-square-foot warehouse and commercial space at 22 and 20 Airport Road, respectively. The location falls within the town’s research, development and technology district with no zoning variances required. The one-story facility would include office space, manufacturing space, and warehouse space; detailed square footage breakdowns will be provided at a later date.”
Leeds getting $2.5M in streetscape improvements
“The hamlet of Leeds will be benefiting from $2.5 million in upgrades to essential infrastructure thanks to support from both Greene County and Congressman Marc Molinaro.
‘This is a Greene County Highway Department project’ noted Legislative Chairman Patrick Linger (R-New Baltimore).”
New York semiconductor investments position it to be a big chips player
“Sen. Chuck Schumer has often referred to upstate New York as his “north star” in the push to reenergize semiconductor manufacturing in the United States. And after years of trying, it now looks like the Empire State is ready to join the constellation of the country’s semiconductor capitals.
New York has the most proposed private investment in U.S. semiconductor projects since May 2020 and the second-highest total for federal funding awards since December 2023, according to a Business Review analysis of data from the Semiconductor Industry Association.”
Marshall Arts: Gearbox’s Ben Greene on Video Games and Art
“he Capital Region has become a rapidly expanding hub of video game development, with multiple studios arriving — and thriving — in Albany, Troy, Saratoga, and Schenectady in recent years. The studios range from small, incubator-level operations to large teams working on some of the biggest games in the industry, offering a rich tapestry of opportunities for aspiring game designers.
The latest episode of the Marshall Arts podcast for The Daily Gazette features an interview with Ben Greene, locally based art director for Gearbox Software, the creators of one of the most popular game franchises of all time: The post-apocalyptic “Borderlands” series. In a wide-ranging conversation, Greene discussed his experiences working in the video game industry and offered some insights into the creative process that brings games from concept to console.”
