Week in Review: December 21 – December 25, 2020
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“A new brewing company is coming to the Guilderland in April.
Led by majority owner Guy Bucey, five co-owners are investing about $1 million to establish Mixed Breed Brewing at 457 State Route 146.”
“A magazine printer, real estate developers and manufacturers of robotic equipment wagered heavily on Saratoga County this year, deciding to expand at a time when many industries are cutting costs amid the pandemic.
Saratoga Economic Development Corp. worked with 11 companies and developers this year who collectively are investing $121.4 million to build or expand their presence in Ballston, Clifton Park, Halfmoon, Saratoga Springs and Stillwater.”
“illtowns residents are being told that Elon Musk, the outspoken inventor and technology investor who started Tesla and SpaceX wants to help them speed up their participation in the digital age.
SpaceX recently won $886 million in subsidies from the Federal Communications Commission to build out its satellite internet broadcast system called Starlink to 642,925 new potential customers in 35 states, including New York.”
“With 12 million people set to lose their unemployment benefits on the day after Christmas, local business leaders say they are crossing their fingers that Congress will pass a new COVID-19 stimulus bill that would restore those benefits as the pandemic continues to rage across the country.
A new Capital Region Chamber of Commerce survey of more than 200 members found that more businesses are having doubts about whether they will be forced to lay off workers in the coming year.”
“Dagget Lake Campsites and Cottages in the town of Thurman has been sold.
Mitch Muroff of Muroff Hospitality Group said owners Tom Near and Pamela Finnegan sold the property at 660 Glen Athol Road in Thurman for $2.8 million.”
“The Planning Board, by unanimous vote, gave final site plan approval to Capital Region BOCES to construct two new buildings on Watervliet Shaker Road.
One 167,000-square-foot building will be home to a new Career and Technical Education Center, currently located about a mile away on Watervliet Shaker, and the second will be a 43,000-square-foot home to the Maywood Special Education School, currently located at 1979 Central Ave.”