CEG Economic Development Week in Review May 15 – May 19, 2023

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

Time Union: GE, unions reach deal on offshore wind plant at Port of Coeymans

REGIONAL ECONOMIC DEVELOPMENT NEWS

Veteran-Owned Company Hinny Hard Seltzer To Provide Its Product At Minogue’s Stores

“Minogue’s Beverage Centers  has an arrangement with Hinny Hard Seltzer to carry its variety 12-pack of hard ciders.

Hinny Hard is now available at all four Minogue’s Beverage Centers, including Saratoga Springs, Malta, Queensbury, and Wilton.”

Albany Inno – Albany has two star biotech companies. This company sees room for more.

“The Capital Region has long had two biotech giants — Regeneron and Curia Global (formerly AMRI). Now, a new startup sees room for other companies to grow here.

Diodem Therapeutics has developed a drug candidate it says could help treat conditions that range from Alzheimer’s disease to diabetes, cardiovascular disease and obesity. The molecule mimics the hormone leptin, which is involved in the regulation of the body’s energy.”

Albany County Business Hub officially opens in downtown Albany

“The Albany County Business Hub has officially opened in downtown Albany, providing what officials describe as a one-stop shop for businesses throughout the Capital Region by streamlining communication between regional economic development groups.

The new office, located at 111 Washington Ave., will house the Advance Albany County Alliance, which was established in 2020 to serve as an overarching economic development body for companies looking to do business in the county. It will also be the home base for the Albany County Land Bank, Industrial Development Agency, Capital Resources Corporation and Business Development Corporation.”

In Upstate N.Y., Quest for Next-Gen Microchip Is Underway

“Less is more at SUNY Polytechnic Institute, but the formula can be difficult to comprehend.

More than a billion dollars’ worth of machinery is located inside a 1.65-million-square-foot facility where academic and industry researchers will spend thousands of hours looking for ways to fit 1 trillion transistors onto a single microchip the size of your fingernail.”