News
February 21, 2020Silver Soaks Receives Innovate 518 Hot Spot Certification
The New York BizLab announced that Silver Soaks, LLC has received Hot Spot Certification from Innovate 518-Capital Region. The Hot Spot program offers tax incentives and support to companies meeting specific criteria and serves as a pathway to the Start Up New York program.
Silver Soaks, LLC is only the second BizLab company to receive this significant qualification from New York State. This milestone is a major step for Silver Soaks, LLC in its mission to improve hygiene, comfort, and performance for competitive athletics through its patent-pending apparel that contains military-grade silver thread paired with compression and additional comfort features.
“We’re thrilled to be part of the Innovate 518, Capital Region Innovation Hot Spot program,” stated Challen DeMartino, co-founder and Chief Marketing Officer at Silver Soaks. “When we founded Silver Soaks, we made it a priority to use Capital Region resources as much as possible, with the goal of supporting the local economy. The Hot Spot program helps us achieve this and grow in Schenectady.”
Rick D’Errico, the managing director of the New York BizLab, called the Hot Spot designation a significant accomplishment.
“Silver Soaks is an extremely innovative company that has a product that will make a major impact in the sports apparel industry,” D’Errico said. “By being accepted into the Hot Spot program, Silver Soaks now has New York’s stamp of approval. We’re going to be hearing a lot from Silver Soaks in the future.”
This news comes in the wake of many recent initiatives and accomplishments of the new and growing company, including:
- Recruited a board of directors of well-known area business leaders, including Nicole Snow, founder of Darn Good Yarn
- Became an affiliate company of the New York BizLab
- Joined the Capital Region Chamber
Visit www.silversoaks.com to learn more.
