Economic Development Month in Review: July 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:
How this Albany health insurer will start using artificial intelligence
“Health insurer CDPHP is working with researchers at Rensselaer Polytechnic Institute to use artificial intelligence to figure out which patients could benefit from more personalized care.
Rensselaer professor Kristin Bennett has developed an AI model that will use data from CDPHP members — with their consent — to figure out patterns in who could use an extra hand. That assistance could include an action like assigning a case manager to patients with conditions like heart or kidney disease who could use help staying on top of their medical needs.”
These 2 teams will compete for the $750 million Wadsworth project in Albany
Two design-build teams will receive the request for proposals for the state’s $750 million public health lab project in Albany.
One team is Gilbane Building Co. and Turner Construction. The other is Tutor Perini Corp. and O&G Industries. They were the only respondents to the state Dormitory Authority’s call for qualifications during the second procurement process.”
50 years later, Northway gets an Exit 3
“The Northway is finally getting its Exit 3.
For decades, there was no exit between exits 2 and 4, but the new exchange that is being built to directly link the Northway to Albany International Airport will be called Exit 3.”
Flomatic In Glens Falls Completes Its Large Expansion, Plans Adding More Employees
“Flomatic, a manufacturer of valves for water, wastewater, and irrigation systems, recently opened a 19,000-square-foot addition to its plant at 15 Pruyns Island in Glens Falls.
The project includes a new epoxy-coating system, a tank for testing valves, and new warehouse and display space.”
Inside the Menands office of a tech company that’s hiring hundreds in the next year
“Zones nfrastructure continues to hire dozens of new employees at its office in Menands, and is looking to hire 15 to 20 people in the next month.
The jobs are for Zones’ high-end call center, working with Microsoft’s most important customers to help them use Office 365 and Microsoft 365 tools better.”
Dollar General will hire hundreds as distribution center nears completion
“Dollar General is searching for hundreds of supervisors, receiving clerks, maintenance staff and warehouse product selectors as the company finishes construction of its 750,000-square-foot distribution center in Florida, New York.
After working through more than six months of construction delays caused by a harsh winter and a rainy spring, the discount retail chain is wrapping up work on its 16th distribution center. The $91 million project will employ 430 people on Route 5S just west of Amsterdam in Montgomery County.”
Building demolition will kick off rebirth of South Street in Glens Falls
“Crews from Cristo Demolition Inc. will tear down three buildings in Glens Falls next month as the city pushes ahead with a $10 million downtown restoration centered around its South Street corridor.
The Albany firm was awarded a $513,900 contract in June to demolish vacant buildings that housed a former off-track betting parlor, a juice bar and the Daily Double bar.”
Offshore wind farms would depend on Capital Region ports
“Two Capital Region ports will play supporting roles in an ambitious project to build two massive wind farms off the New York and New Jersey coasts. Developers plan to fabricate and in some cases assemble components that would then be shipped to the construction sites.
Stavanger, Norway-based Equinor plans an 816-megawatt Empire Wind project that is expected to cost about $3 billion on an 80,000-acre site in the Atlantic 15 to 30 miles southeast of Long Island. Much of the assembly work would take place at the Port of Coeymans.”
Here’s how $10 million will be spent in Albany as part of the Downtown Revitalization Initiative
“New loft-style apartments for artists, a market for startup businesses, a Death Wish Coffee retail store, new lights, murals, signs and other improvements are coming to the area around the Palace Theatre in downtown Albany known as Clinton Square.
Lt. Gov. Kathy Hochul today announced the 12 projects that will share up to $10 million in state grants and other assistance through the Downtown Revitalization Initiative.”
Bids for next phase of UAlbany’s $60 million Schuyler Building renovation to go out this fall
“The University at Albany expects to put out construction bids this fall for part of its planned $60 million renovation of the Schuyler Building.
This next phase of the renovation will be a $28 million gut rehab of the building’s south wing to continue preparing it to house the university’s new engineering college.”
The Troy creative agency you never heard of wants to grow
“When you walk into the offices of id29 on River Street in Troy, you feel like you are walking into a speak-easy.
You might even miss where to enter the business since the company shares a building with Brown’s Brewing Co., and the only hint that you are in the right place is that there is a small, inconspicuous sign with “id29” on it, right below the number ‘425,’ as in 425 Broadway, the former 19th-century collar factory that the company shares with the brewery.”
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