NYS Manufacturing and Tech News 5.6.19

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NYS Manufacturing & Tech News, pile of newspapers in background

CBC Manufacturing Consolidating Operations In Upstate New York
“CBC Manufacturing has announced it will consolidate and grow its operations in the City of Rochester, NY. The holding company will invest $4.45 million to build out the manufacturing facility at XLI Manufacturing, which is currently located on Vanguard Parkway, to accommodate for the integration of its regional assets.”
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Tech startup NexGen takes over state-built $100M factory in DeWitt, begins hiring
“NexGen Power Systems has moved into a $100 million high-tech factory built by state taxpayers and is beginning to hire workers.”
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Drone companies sought for next round of $3M Genius NY competition
“Applications are being accepted for the fourth round of the $3 million Genius NY business competition, the largest of its type focused on startups in the unmanned systems industry.”
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Workforce Development funding touted at Mohawk Valley regional council
“With the statewide average unemployment rate under 4 percent, the concept of “workforce development” took center stage at the Mohawk Valley Regional Economic Development Council meeting.”
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Armory Square Ventures launches $31M fund for early-stage tech companies
“A venture capital firm based in Syracuse and New York City has launched a $31 million fund that it says will invest in early-stage technology companies.”
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