CEG Economic Development Week in Review September 22 – September 26, 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:
REGIONAL ECONOMIC DEVELOPMENT NEWS
The Mailworks to buy former Olympic Lanes in Menands for expansion
“Brianne Baggetta wants to buy a bowling alley, one she visited as a kid. But not for recreation.
“I’m a really terrible bowler,” she said.
Instead, the president and CEO of The Mailworks intends to repurpose the 40,600-square-foot former Olympic Lanes in Menands as a second production facility for her growing direct-mail company.”
Kewsong Lee’s Belltower invests in United Soccer League
“A private investment firm founded by wealthy financier and Albany native Kewsong Lee made a strategic investment in the United Soccer League, a move that comes as Lee and other partners are trying to bring the league to a proposed downtown sports stadium.
Belltower Partners — the firm Lee started in 2023 after stepping down as CEO of global private equity firm The Carlyle Group — made the investment, the terms of which weren’t disclosed in a media announcement.”
Upstate NY on its way to building a robust semiconductor industry
“Everything about the semiconductor industry has a bit of the unbelievable to it.
The scale of the investments? Unbelievably huge, in the many billions of dollars.
The nature of the factories? Unbelievably complex, some of the most complicated machines humans have ever built.”
Micron’s New York project draws interest from Albany contractors
“Elton Tune was one of roughly 200 people who attended an informational session at the Albany Capital Center on Wednesday to hear about contracting opportunities at the Micron Technology semiconductor manufacturing complex that will be built near Syracuse.
Tune is co-owner, vice president and operations manager of WPNT Construction LLC, a family-owned business in Selkirk with a dozen heavy trucks for hauling aggregate materials and other equipment.”
