For those interested in Technology and Economic activity in Upstate NY... (New York: rentals, wedding)

[ckhthankgod]

ROCHESTER FIRM WINS $1M TOP PRIZE IN 76WEST CLEAN-ENERGY COMPETITION IN THE SOUTHERN TIER

BINGHAMTON, N.Y. — A Rochester–based firm on Tuesday captured the $1 million grand prize in the 76West clean-energy competition during a ceremony held in Binghamton.

EkoStinger manufactures under-trailer aerodynamic devices for tractor trailers that “reduce emissions and save fuel,” NYSERDA said in a news release about the event. The firm will expand its operations to the Southern Tier.

The state describes 76West as “one of the largest competitions in the country that focuses on supporting and growing clean-energy businesses and fostering economic development.” NYSERDA is short for the New York State Energy Research and Development Authority, which administers the competition.

The state awarded a total of $2.5 million to six companies. Lt. Gov. Kathy Hochul announced the winners at an awards ceremony in downtown Binghamton. More than 100 elected officials, entrepreneurs and local business leaders attended the event. The event also named a $500,000 winner and four $250,000 winners.

As a condition of the award, companies must either move to the Southern Tier or establish a direct connection with the Southern Tier, such as supply chain, job development with Southern Tier companies, or other strategic relationships with Southern Tier entities that stimulate wealth creation and create jobs.

If the companies are already in the Southern Tier, they must commit to “substantially growing” their business and employment in the region.

The competition complements “Southern Tier Soaring,” the region’s economic-development blueprint.

Additional prize winners

Besides EkoStinger, Hub Controls of Dublin, Ireland won the $500,000 award. The company creates smart-energy products for the home that empower households to manage their utility bills.

Southern Tier Technologies of Endwell captured one of the four $250,000 prizes. The company creates energy-optimization products to help customers reduce carbon emissions and reduce utility bill costs.

The other $250,000 prize prize winners included Connexus Controls of Albany; PassiveLogic of Holladay, Utah; and Switched Source of Detroit, Michigan.

The third round of the 76West competition was launched in December 2017. More than 150 firms from 27 states and more than a dozen countries had applied to participate.

Of these, 20 finalists were chosen and participated in a two-day pitch session from July 31 to August 1 at Cornell University. Judges then recommended the top six winners.

Source: https://www.cnybj.com/rochester-firm...southern-tier/

[ckhthankgod]

$20 million solar farm proposed in West Valley | News | salamancapress.com

Grape processing facility coming to Fredonia: http://www.observertoday.com/news/pa...g-to-fredonia/

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Kodak brings back Ektachrome | Innovation Trail


Another Fed Rate Hike Is Coming. When Will It Start To Hurt Consumers? | Innovation Trail


About national growing debt and how it could impact the state: https://www.bizjournals.com/albany/n...bt-threat.html
From the article:
"The growing national debt could particularly affect New York, Gibson said, as the state sends more money to the federal government than it receives back."


"When we start to see the impact of these increasing interest payments and the squeezing out that it does, the federal share of moneys that come out to places like New York are going to be impacted," Gibson said. "We're already in a position where we're falling behind."

[ckhthankgod]

In regards to the Regeneron's expansion in Rensselaer: https://www.biospace.com/article/jc1...ng-1-500-jobs/

[ckhthankgod]

Merck subsidiary plans $48M investment, 115 jobs in Albany area over five years


ILÚM Health Solutions, a wholly-owned subsidiary of pharmaceutical company Merck & Co. (NYSE: MRK), plans to invest $48 million and create 115 jobs in the Albany area over five years, Gov. Andrew Cuomo announced Friday.


According to a statement from Cuomo's office, ILÚM will partner with health care company OpGen Inc., the New York Department of Health and the Wadsworth Center on a new "research program to detect, track and manage antimicrobial-resistant infections at healthcare institutions statewide."


Separately, the state is deciding which firms it will hire to construct the new $650 million Wadsworth Center in the Capital Region.


Source: https://www.bizjournals.com/albany/n...5-jobs-in.html

[JWRocks]

https://www.democratandchronicle.com...ds/1434712002/

[ckhthankgod]

Originally Posted by JWRocks

https://www.democratandchronicle.com...ds/1434712002/

More about this company: High-tech company Datto expands in Rochester; Cuomo announces $25 million venture capital fund | Innovation Trail

[ckhthankgod]

Partnership gets $1.75 million state grant for lithium-ion battery-recycling facility in Endicott


ENDICOTT, N.Y. — SungEel MCC Americas (SMCC) — a partnership between a South Korean company and New York state firm — will use $1.75 million in state funding to create a new lithium-ion battery recycling facility at the former IBM complex in Endicott.


The initial project aims to recycle 3,000 tons of spent lithium-ion batteries annually and will create at least 86 new high-tech manufacturing jobs with average salaries topping $50,000, Empire State Development (ESD) said in a Friday news release.


SMCC is an alliance between South Korean recycling company SungEel HiTech and White Plains–based e-recycler and broker Metallica Commodities Corp., ESD said.


The new facility will complement the Imperium3 New York, Inc. giga-factory on the Huron Campus in Endicott, which will make lithium-ion batteries.


SungEel HiTech will provide the recycling technology and Metallica Commodities Corp. will broker incoming batteries and the products of the new business.


ESD will provide a $750,000 capital grant toward machinery and equipment (M&E), and a $1 million Excelsior tax credit. In total, the company will spend $22 million on specialized M&E and $1.3 million on construction and renovation.
The recycling and recovery of lithium-ion batteries will help “ensure” continued access to “precious and limited” supplies of materials used to make the batteries, the release stated.


The project and the state spending add to the “revitalization” happening at the former IBM campus, which is now home to companies that the Southern Tier Soaring plan is supporting, ESD said.


“We are excited to be at the forefront of lithium-ion battery recycling in the United States and to create quality, [high-tech], green jobs in our home state of New York,” Danish Mir, COO of Metallica Commodities Corp., said. “The state’s energy-storage initiative makes the Southern Tier an obvious choice. We look forward to leveraging the region’s educational institutions, technological resources, and manufacturing tradition to add to the incredible progress New York State has made in energy-storage technology.”


https://www.cnybj.com/partnership-ge...y-in-endicott/

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[ckhthankgod]

Originally Posted by ckhthankgod

In regards to the Regeneron's expansion in Rensselaer: https://www.biospace.com/article/jc1...ng-1-500-jobs/

More on this company: https://www.houstonchronicle.com/bus...h-13234762.php


https://www.facebook.com/albanybusin...6729220863874/