Week in Review: July 4 – July 8, 2022
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
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REGIONAL ECONOMIC DEVELOPMENT NEWS
Titanium parts maker Praxis Powder Technology is about to move to Glens Falls industrial site
“Titanium parts maker Praxis Powder Technology is under contract to purchase a 53,425-square-foot manufacturing complex on Pruyn’s Island in Glens Falls from Andritz Inc.
The two-story brick and steel building overlooking the Hudson River was listed for $2.35 million. The 6.2-acre property was listed by Robert “Bob” Sears, an associate broker of Berkshire Hathaway Home Services Blake, Realtors.”
Albany Inno – Malta software startup doubled business this year. Now it plans to double again
“It’s not easy for a business service company to break into the mom-and-pop auto dealership industry. But once you’re in, business snowballs via word-of-mouth, and it gets a lot easier.
That’s how Peter Carusone described the way business went for his Malta software startup, VisionAST, which helps auto and powersports dealerships more easily analyze sales performance data.”
Core Tech secures approval for expansion in Saratoga County town of Ballston
“Electrical parts builder Core Tech Industrial Corp. is seeking nearly $464,000 in tax incentives after securing approvals last week to expand its manufacturing complex in Corporate Technology Park off Route 50 in Ballston.
The 22-year-old manufacturing company, which has tripled its work force from 21 to 64 employees over the past six years, won Ballston Planning Board approval last week to nearly double the size of its operations.”
The Albany College of Pharmacy’s plans at the Center for Medical Science building
“The Albany College of Pharmacy and Health Sciences has an ongoing goal to create a hub for the biopharma industry in the Capital Region.
The recent purchase of the five-floor, 154,000-square-foot Center For Medical Science lays out a clearer path toward making that happen, said Greg Dewey last week on his last day as the college’s president before retire.”
