CEG Economic Development Week in Review October 26 – October 30, 2026

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

Yahoo!Finance: New York second to only California in quantum computing, study finds

Times Union: New York second to only California in quantum computing, study finds

REGIONAL ECONOMIC DEVELOPMENT NEWS

Energy Catalyst Technologies launches geothermal leasing option

“As heating oil prices surge, Energy Catalyst Technologies founder Matt Desmarais has a plan to help homeowners switch from fossil fuels to geothermal systems.

The Troy-based company, which makes and installs ground-source heat pumps for residential and commercial customers, has launched a geothermal-as-a-service program that’s aimed at overcoming what could be the biggest barrier to broader adoption: upfront cost.”

Team EJP buys Halfmoon property for expansion – Albany Business Review

“A company in the waterworks industry that’s seeing increased demand for its products and services bought property in Halfmoon.

Team EJP paid $1.4 million for the 9.1-acre parcel at 1879 Route 9, according to a deed filed in the Saratoga County clerk’s office.”

Albany County awarded $7M for projects at former College of Saint Rose

“A multimillion-dollar state grant will support Albany County’s ongoing efforts to reinvigorate the former College of Saint Rose? campus in Albany.

The $7 million in funding will be used by the county government to renovate the campus’s Neil Hellman Library and Events & Athletics Center, which together will function as a community center, Gov. Kathy Hochul’s office said.”