CEG Economic Development Week in Review October 27 – October 31, 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
Times Union: Letters: Albany must reform its inclusionary zoning law
Times Union: CEDC President F. Michael Tucker to step down
Albany Business Review: F. Michael Tucker to step down as Columbia Economic Development CEO
REGIONAL ECONOMIC DEVELOPMENT NEWS
REDC seeks $40M for downtown Albany hub
“An influential board that advises state government on economic development awards has a new pitch for downtown Albany.
The Capital Region Economic Development Council is finalizing a proposal for Gov. Kathy Hochul’s $150 million Advancing Collaboration for High-impact Initiatives for Economic Visions & Expansion (ACHIEVE) competition, a new contest her office announced earlier this year.”
David Dussault’s P1 Industries expands with $11M Glenville facility
“When he launched P1 Industries in the mid-2000s, David Dussault had trouble finding a place to rent.
‘They’re like, ‘Oh, you’re 28 years old. You want to start a manufacturing company?’’ Dussault recalled.
Eventually, real estate investor/developer Ray Legere leased Dussault about 5,000 square feet in a building off Front Street near the Mohawk River in Schenectady.
Nearly 20 years later, Dussault’s company is still there, plus a couple other places nearby. And now it needs more space.”
Warren County EDC, RPI, IBM partner on Lake George water hub
“Jim Siplon, chief executive of the Warren County Economic Development Corp., is moving forward on plans to build a new industry around Lake George’s most precious resource: its fresh water.
Siplon wants to turn the Lake George region into a national center for freshwater research and technology alongside Rensselaer Polytechnic Institute, IBM and the Lake George Association. That research could bring new people, jobs and companies to the region.”
SUNY, NY CREATES funding new research, workforce development program
“State University of New York Chancellor John B. King Jr. on Wednesday announced the creation of the SUNY-NY CREATES Technology Innovation Institute and highlighted a $4 million investment that will fund the first two years of the semiconductor research and workforce development program.
Semiconductors are materials used in the making of computer chips, solar panels and LEDs, or light-emitting diodes. The Capital Region and upstate New York in general have a growing semiconductor industry, with GlobalFoundries expanding its existing chip factory and building a second one in Saratoga County.
$31 million workforce housing development proposed on site of Catskill dog park
“A $31.4 million workforce housing development has been proposed in the Village of Catskill to create 70 apartments on the site of the current Park for Paws.
Behind the project is Parkview Development & Construction, LLC of Westchester County that is seeking $1 million out of the $10 million state Downtown Revitalization Initiative (DRI) award received by the Village earlier this year.”
