CEG Economic Development Week in Review April 20 – April 24, 2026
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CEG IN THE NEWS
Albany Business Review: France’s One Biosciences picks Albany for first U.S. lab
WRGB News 6: Capital Region holds second annual ‘What’s So Cool About Manufacturing’ awards
City School District of Albany: NAMS team brings in top honor
REGIONAL ECONOMIC DEVELOPMENT NEWS
InfoLink is new R&D tax credit firm from Jahnel Group’s CEO
“Local tech CEO Darrin Jahnel started another company that’s unlike anything he’s done before.
‘We are off to the races on this one. I’m telling you, we’ve got a winner,’ he said. ‘I have started 15 different businesses in my life. Ten or 12 of them have been complete failures. I know what it’s like to start a business and fail. I’ve never had one go so fast.’”
Philips Medical Systems revives expansion plan for Latham site
“Philips Medical Systems has dusted off plans for a significant expansion of its Latham manufacturing plant.
The Colonie Planning Board this week voted to extend a more than 5-year-old site plan approval for a proposed 37,667-square-foot expansion of Philips’ facility at 450 Old Niskayuna Road near Albany International Airport.”
Albany IDA grants $7.4 million in tax breaks to three projects
“The city of Albany’s Industrial Development Agency on Thursday approved nearly $7.4 million in tax breaks for developers of three real estate projects that are expected to add a total of 204 new apartment units to the city, including some at the former Union Station on Broadway.
The projects, which have a total investment figure of nearly $50 million, were granted state sales and use tax and mortgage recording exemptions valued at $2.57 million. The Albany IDA also negotiated long-term property tax deals with the projects’ owners that will save them an additional $4.8 million over the next 20 to 30 years compared to existing property tax rates.”
