Month: June 2019

The Capital Region again was state’s second-fastest growing region in 2018. Four Capital Region counties experienced population gains, with Saratoga County leading them at 0.5 percent, or 1,061, according to a Center for Economic Growth analysis of new U.S. Census Bureau data.
CEG said the eight-county region last year had a population of 1,084,941, up 248 from the previous year. The only region with stronger year-over-year growth was the Mid-Hudson Region at 0.1 percent.

SUNY Empire State College’s School for Graduate Studies is offering this fall an online Master of Science in Information Technology (MSIT) degree.
“Today, cyber security is our country’s first line of defense and we must meet the increasing demand for skilled professionals from our nation’s Armed Forces, the private sector, as well as from federal, state and even local government,” said Officer in Charge Mitchell S. Nesler. “At the same time, web technology represents an ever-larger component of our economy, another critical need SUNY Empire can meet through our online master’s programs.”
Students can choo

by Christine Graf
Sky Zone Trampoline Park, currently under construction at Clifton Park Center, is scheduled to open in August. It will occupy 23,000 square feet of mall space, situated between Regal Cinemas and Boscov’s.
Owner Rusty Saunders is investing $1.5 million in the new facility.
Saunders owns several other businesses including R.S. Masonry in Fort Edward, Action Equipment and Supply in Glens Falls and Sky Zone Trampoline Park in Queensbury.

The Center for Economic Growth (CEG) is merging with the Upstate Alliance for Creative Economy (ACE) in an effort to expand on the economic development endeavors of both organizations.
ACE was founded in 2016 to advocate and help grow the “creative industries,” which have now become the fourth largest employment sector in the Capital Region, generating over $1.4 billion in earnings in 2017, according to development officials.

GlobalFoundries is selling its chip design business Avera Semiconductor to Marvell Technology Group Ltd. in a deal valued at up to $740 million.
Officials said Marvell will pay $650 million in cash for Avera at the deal’s closing, plus another $90 million in cash if certain business goals are met within the first 15 months. The acquisition includes most of Avera’s revenue base, design agreements with several large OEMs, and a new supply agreement between Marvell and GlobalFoundries.

Pioneer Bank plans to acquire Jaeger & Flynn Associates, an employee benefits brokerage, insurance, third-party administrative services, and human resources consultant which has offices in Saratoga Springs, Clifton Park and Glens Falls.