CEG Economic Development Week in Review August 11 – August 15, 2025
Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on:
CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
M&T Bank Center at Schenectady’s Mohawk Harbor unveiled
“Almost 15 months to the day after its groundbreaking was held, the completed M&T Bank Center at Mohawk Harbor got its official unveiling Thursday with a ribbon-cutting ceremony.
Dignitaries, including Gov. Kathy Hochul, were on hand to celebrate the completion of the $55 million, 97,178-square-foot arena, which will serve as the home for Union College men’s and women’s hockey and host concerts, trade shows and other events.”
Dimension Fabricators completes $5.4M upgrade to Glenville plant
“Newly installed multimillion-dollar machinery from Europe has transformed a Schenectady County rebar fabricator’s production process.
Dimension Fabricators Inc. invested more than $5 million in expanding its Glenville headquarters and obtaining automation equipment from the Netherlands’ Schilt Engineering.”
GlobalFoundries ‘deepens’ relationship with Apple on chips
“lobalFoundries revealed Wednesday that it will benefit from an expanded manufacturing relationship with Apple, maker of the popular iPhone device owned by nearly 1.6 billion people worldwide.
GlobalFoundries employs about 3,000 people at the Luther Forest Technology Campus in the towns of Malta and Stillwater. The company maintains its headquarters at the site, which is also home to its Fab 8 chip factory, where it produces chips on contract for other companies.”
Roger Hull: Schenectady’s rebirth began with phone call
“Schenectady’s rebirth began with a phone call.
In 1992, Bill Golub called and asked me to attend a meeting with his son, Neil, and others.
At the meeting, Bill said he wanted to return Schenectady to its glory days. I was delighted.
Having arrived in the city two years earlier from Beloit, Wisconsin — a Rust-Belt town with the same problems as Schenectady, but half its size — I knew I would again become involved in my “adopted city,” as I had been in Beloit.”
