Economic Development Month in Review: January 2019
For the Top Economic Development News of the Month, CEG selects news articles about projects or developments that promise to improve and/or transform the Capital Region’s economy, particularly those that related to manufacturing and initiatives outlined in, Capital 20.20, a five-year, multi-pronged plan for bringing economic prosperity to the entire region.
To learn about more the Capital Region’s economic development news from the past month, see CEG’s Economic Development Week in Review posts:
- January 2019 — Week 1
- January 2019 — Week 2
- January 2019 — Week 3
- January 2019 — Week 4
- January 2019 — Week 5
Transportation firm expands Albany-area depot
“A. Duie Pyle has doubled the capacity of its Albany-area service center.
The Pennsylvania-based supply-chain and transportation company said the Route 9 campus in Schodack was expanded by 17 acres, allowing it to increase from 40 to 84 dock doors. About 20 jobs will be added as a result.”
Regeneron picks general contractor for $800 million expansion
“Regeneron Pharmaceuticals has selected a general contractor with experience building everything from research laboratories and surgical centers to warehouses and water parks to construct an $800 million manufacturing campus in East Greenbush, New York.
BBL Construction Services, the largest general contractor in the Albany region, will build a 130-acre complex near Interstate 90 in Rensselaer County. It is the largest development in the area since GlobalFoundries started construction of its computer chip factory in Saratoga County a decade ago.”
Entrepreneur prepares for a second act in downtown Troy
“Sometimes second acts are better in Hollywood — and also in the entrepreneurial world.
Think of Steve Jobs and Lee Iacocca.
Maybe think of Sinclair Schuller, the former CEO of Apprenda, the Troy-based software company that dramatically went out of business over the summer.”
Cuomo proposal: $750 million state health lab will be located in Albany
“A new $750 million public health laboratory would be located on the Harriman state office campus in Albany under a proposal by Gov. Andrew Cuomo.
The location was disclosed in Cuomo’s State of the State briefing book, released Tuesday afternoon.”
New products means more jobs in Schenectady and China for this software company
“Antonio Civitella said Transfinder is hiring as many developers as possible this year in Schenectady to ramp up for a new version of its lead software product that will help districts across the country track school buses faster and more efficiently.
Civitella said changing the culture at Transfinder has helped attract more people’.”
Simmons doubles down on research and development
“When David Davis and Simmons Machine Tool Corp. spotted a downturn coming in the freight locomotive industry, they decided to start spending more money.
The president and chief operating officer of the Menands, New York, company, typically invests $300,000 to $500,000 a year developing new products.”
Essity moves tissue production from Arizona to upstate New York
“Essity is increasing production at its South Glens Falls, New York, factory this year after transferring a bathroom tissue conversion line 2,400 miles from a plant in northern Arizona.
The move adds up to 12,000 tons of tissue conversion to Essity’s 27-acre manufacturing complex on the Hudson River in northern Saratoga County.”
Exit 4, port projects lead list of area transport improvements
“A new exit that improves connections between the Albany International Airport and Adirondack Northway is progressing, more than half a century since a connector was first proposed.
The $50 million project, and another $50 million in airport capital improvements, are likely the largest improvements to the Capital Region’s transportation infrastructure in the coming year.”
PrimaLoft to sell its new biodegradable material to five retailers
“PrimaLoft, which makes insulation for outdoor clothing and camping gear, says it is providing its new 100 percent recycled and biodegradable synthetic insulation and performance fabric to five well-known outfitters.
The first products using what’s known as PrimaLoft Bio will debut in the fall of 2020 by Helly Hansen,
This recruiter says there’s enough tech talent in the region (if you know where to find it)
“Dean Iacovetti said there is enough tech talent in the region to satisfy the demand by companies to hire qualified software engineers, despite years of reports that companies struggle to find the right people.
“A lot of people think there’s a lack of talent locally, and I disagree,” Iacovetti said. Most people who say the area lacks talent, Iacovetti says, do not know where to look, or are just posting on job boards and not being more creative.”
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