Week in Review: September 13, 2021 – September 17, 2021
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
Albany area’s ‘artificial intelligence’ sector has potential, Brookings says
Daily Gazette: Albany College of Pharmacy boosting biopharmaceutical workforce
Albany Business Review: Albany Inno – The Albany innovation ecosystem at a glance
REGIONAL ECONOMIC DEVELOPMENT NEWS
Proposed Capital Region Aquatic Center secures $5M
“A proposed aquatic center hopes a fresh wave of local support will put it over the top in securing the remaining funds needed to propel the project out of the conceptual stage.
The Capital Region Aquatic Center has recently secured pledges from the city of Schenectady and Schenectady County that will help further the construction of a 80,000-square-foot facility at Mohawk Harbor, a center that organizers hope would attract swimming and dive competitions from around the Northeast.”
Center for Disability Services opening startup incubator for health tech
“The Center for Disability Services is designing a community startup incubator for the health tech and medical device industry.
The nonprofit has been using a 5,000-square-foot space in Watervliet as part of the R&D arm for its own ideas since 2018.”
Area trade schools building up enrollment
“While school enrollment in some of New York’s counties is declining, vocational enlistment is on the upswing.
The Questar III Board of Cooperative Educational Services, overseeing 22 school districts in Rensselaer, Columbia and Greene counties, has seen an uptick in the number of students enrolling in their trades programs, but a decline in student enrollment across its school districts.”
Albany Inno – How the new biopharma center sets up Albany to be part of growing industry
“The biopharmaceutical company Regeneron was started in the late 1980s by Leonard Schleifer and George Yancopoulos. By 2020, the New York company had more than 9,000 employees and nearly $8.5 billion in revenue.
Earlier that decade, the biopharma giant Amgen started with three people. By 2020, the California company had more than 22,000 employees worldwide and had completed several corporate acquisitions.”
Press maker Bruno Associates plans expansion in Schenectady County while waiting for a new patent
“Bob Bruno Sr. and his family spent 50 years building hydraulic presses used to make millions of sponges, filters and jigsaw puzzles.
Now, his company, Bruno Associates, has a patent pending for an electric press that Bruno believes will change his industry, fueling millions of dollars in new sales every year.”
How UCM Digital Health is building a virtual triage service for emergency departments
“Growing up, Keith Algozzine knew he wanted to be a coach. He thought his plan to first become a physical education teacher would lead to that goal. Instead, it led him to sports medicine, which in turn led to becoming a physician assistant.
Algozzine realized during training that he thrived in the high-stress, teamwork environment of an emergency room, and that’s where he stayed for years — until his experience inspired him to bring the ER into people’s homes through the triage telemedicine startup UCM Digital Health.”
Death Wish Coffee continues to grow as it expands with new roasts and lattes
“Death Wish Coffee is on a hiring spree this year after sales grew significantly during the pandemic, with more people wanting a personalized coffee experience at home.
Chief operating officer Mike Pilkington said the Saratoga company that’s know for “The World’s Strongest Coffee” has brought on 25 employees this year. The company now has 69 employees. It had 37 at the end of 2019.”
