Economic Development Week in Review: June 4 – June 8, 2018
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CEG IN THE NEWS
Times Union: CEG gets $250,000 to expand manufacturing training programs
Daily Gazette: Grant boosts SCCC, HVCC manufacturing worker training programs
REGIONAL ECONOMIC DEVELOPMENT NEWS]
Distillery expected to create 25 jobs
“The project to establish a field-to-glass distillery on 182 acres in the Columbia County community of Claverack is expected to create 25 new jobs, state officials said last week.
The project to establish a field-to-glass distillery on 182 acres in the Columbia County community of Claverack is expected to create 25 new jobs, state officials said last week.”
“Vikash and Vikram Agrawal have been busy since they sold their first company, Etransmedia, to a New York City company last year.
The brothers have started a family foundation, an investment company that is putting money into software startups, and are working on their second software company solving problems in the pharmaceutical industry.”
Hicks Orchard to host cider festival, unveil new canned ciders
“Hicks Orchard and the orchard’s Slyboro Ciderhouse are giving local hard cider makers a chance to measure up to other local cider makers this weekend as part of a competition to celebrate the ciderhouse’s new line of canned ciders.
Dan Wilson, the orchard’s owner, said Slyboro is unveiling a new cider line dubbed Slate Valley Ciders as part of its “spring cider open” event Saturday at the orchard and ciderhouse on Hicks Road in Middle Granville.”
Downtown Troy cybersecurity company acquires Rochester business
“GreyCastle Security, headquartered in Troy, New York, has acquired the cybersecurity division of a Rochester technology company that includes a strategic partnership.
As part of the acquisition, GreyCastle is taking over EagleDreams Technology’s cybersecurity clients and two of its employees. They will join GreyCastle’s 10 employees at its office in Rochester. EagleDream Technologies is refocusing its resources toward growing its cloud computing and software development businesses, as well as referring its clients to GreyCastle.”
This pharmaceutical startup is raising money to make it easier to diagnose eye conditions
“Glauconix Biosciences, a pharmaceutical research startup in Albany, New York, has raised $100,000 to grow the business as it looks to accelerate drug development for diseases and other eye issues.
The latest investment in Glauconix is from Excell Partners Inc., a venture capital fund out of Rochester that invests in seed and early stage startups primarily in upstate New York. The investment is part of a $1.5 million seed round that Glauconix is raising.”
