CEG Economic Development Week in Review September 2 – September 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
WNYT News 13: Construction, restaurant industries boost employment of high-school age workers
REGIONAL ECONOMIC DEVELOPMENT NEWS
Hawthorne Valley Farm Store considers former Kaz site in Hudson for grocery
“An organic farm with a strong following in Columbia County and beyond is considering opening a grocery store near the Amtrak station in Hudson, one of the busiest rail stops in the state.
Hawthorne Valley Farm Store has a letter of intent with Ben Fain to pursue the concept of a 16,000-square-foot retail and community space on the site of the former Kaz Inc. manufacturing facility at 14 Montgomery St.”
NY CREATES to partner with chip design nonprofit
“NY CREATES, the state-affiliated entity that operates the Albany NanoTech complex, is partnering with another local semiconductor industry nonprofit on chip design initiatives.
The nonprofit, NYDesign, was founded several years ago to develop a computer chip design cluster in New York state, with its headquarters in Troy. Rensselaer Polytechnic Institute and Hudson Valley Community College in Troy are academic partners on the nonprofit, along with other upstate schools that prepare students for the chip industry like Cornell University and SUNY Polytechnic Institute.”
The Whistling Kettle debuts first sparkling tea
“The Whistling Kettle debuts first sparkling tea. The Whistling Kettle, a popular Capital Region restaurant and tea supplier, has a new product on the market with the debut of its first sparkling tea. Owner Kevin Borowsky is excited about this newly launched creation that is receiving fantastic reviews so far.”
UAlbany startup wins $207K DOE award to improve EV charging
“One of the challenges facing widespread adoption of electric vehicles, or EVs, is the need for a larger and more reliable charging network.
As a result, there are dozens of established companies and startups working to build charging stations that are faster, better and stronger than what currently exists.
Regeneron has added hundreds of jobs in the Albany area since 2023
“This year’s Manufacturers List is out Friday.
One noticeable change from last year’s list: Biopharmaceutical company Regeneron (Nasdaq: REGN) has increased its local head count from 3,900 to 4,500, an uptick of more than 15%.
The Tarrytown-headquartered biotech firm, which makes its flagship eye medicine Eylea and other drugs at its Rensselaer County campus, is one of the region’s fastest-growing companies. Its $13.12 billion companywide revenue last year marked a more than 54% increase over the same metric three years earlier.”
