Insyte Scores $4.25M in Funding to Continue State Manufacturing Program
“Insyte Consulting will remain the local Manufacturing Extension Partnership Center, a designation from Empire State Development Corp. which the company has held since 1988. The designation comes with $4.25 million in funding through 2020.”
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Tonko and Schumer: Let the Infrastructure Money Flow
“Water main breaks like the one in Troy last month that flooded streets and basements will be commonplace unless the federal government significantly ups its spending on aging underground water-supply systems, Rep. Paul Tonko told fellow lawmakers.The Amsterdam Democrat appeared before the House Budget Committee to pitch his local-needs wish list, and chose the occasion to talk about the nation’s basic need for safe and reliable drinking water.”
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State Seeking Bids for New $15 million Schenectady Train Station
“The New York State Department of Transportation is giving contractors until March 3 to submit bids for a $15 million train station that will be built in Schenectady, New York. The bid documents, which the DOT just released online, show a two-story, 10,630-square-foot building that will be built on the site of the existing Amtrak station on Erie Boulevard.”
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Corn Chex, Honey Nut Chex Production could be coming to Buffalo
“A proposed $25 million expansion of General Mills cereal plant in Buffalo has received a funding boost. The Western New York Power Proceeds Allocation Board has recommended the New York Power Authority board of trustees approve a $500,000 award to General Mills to may help sway the Minnesota company to shift the production of Corn Chex and Honey Nut Chex to the Michigan Avenue plant.”
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How Many People GlobalFoundries Actually Employs in New York
“Employment at GlobalFoundries’ $12 billion chip plant in Saratoga County, New York, decreased by more than 150 people between the third quarter of 2015 and the fourth quarter. The computer chip maker employed 2,904 people in Saratoga County as of Dec. 31, according to an annual report from the Saratoga County Industrial Development Agency.”
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Organic Beets Business Booms
“Inside a nondescript warehouse at Eastman Business Park, a new production line is humming — the start of what should support a $4 million market for organic beet farmers in the next couple of years. “And it’s all new crop,” said David Stoklosa, managing director of the Love Beets plant. While there is a fair amount of beet farming going on across the region, organic methods are not widely used and it is nothing on the scale of what Love Beets will demand.”
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Oneida Co.’s Economy Recovering, but not as Fast as State, Nation
“Jobs and wages grew in Oneida County between the second quarter of 2014 and the second quarter of 2015, according to recent federal statistics, but they trailed the state and nation. “We are recovering, but not as quickly as other parts of the state,” said Alice Savino, executive director of the Workforce Investment Board. “But at least we’re positive. We’re going in the right direction.”
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Area Companies Rewarded for Impact on Economy
“Companies throughout the Mohawk Valley are being rewarded for their positive impact on the local economy.
ReCharge NY, a program through the state Power Authority, awards low-cost power to state businesses and nonprofit organizations.
Some of this year’s big recipients include Revere Copper Products in Rome (6,600 kilowatts), Special Metals Corp. in New Hartford (4,900 kilowatts) and GUSC Energy in Rome (6,730 kilowatts).”
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