August 25 2023

CEG Economic Development Week in Review August 21 – August 25, 2023

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:


Daily Gazette: College of Nanotechnology, Science and Engineering officially rejoins UAlbany

NY.Gov: What They Are Saying: Governor Hochul Calls on President Biden to Direct the Federal Government to Provide Work Authorizations, Support, and Shelter for More Than 100,000 Asylum Seekers in New York State



UAlbany announces new College of Nanotechnology, Science and Engineering

“The University at Albany and its nanotechnology college are back together again.

UAlbany announced Wednesday that the College of Nanoscale Science and Engineering has officially returned to its founding parent institution. The college — which had been spun out as part of a plan to form the SUNY Polytechnic Institute a decade ago — has been merged into the engineering college that UAlbany started in the interim.”

$100M Albany Airport Project Underway – Expansion of Terminal, Enhanced Passenger Amenities

“Work is underway on an overall $100 million project at Albany International Airport that will support the expansion of the airport’s terminal, provide enhanced passenger amenities both pre and post checkpoint and allow more efficient passenger flow through security.

“Our upstate airports are essential to our local economies, and we are committed to making them as welcoming as possible for residents and visitors alike,” Gov. Kathy Hochul said, while announcing the project update last week.”

Virtual assistant company Preparo is Derek DeMeo’s latest venture

“Derek DeMeo sees a big opportunity with his latest company, Preparo.

DeMeo has spent the last five years building what he calls a better virtual assistant company, during a time when hiring for lower-level positions is a challenge.”

Albany Inno – New York state’s innovation arm names new director and leader of accelerator funding

“New York state’s innovation division has named a new executive director.

Ben Verschueren will start as executive director of Empire State Development’s Division of Science, Technology and Innovation (NYSTAR) Monday, working with startups and entrepreneurs as well as incubators and universities.”

Funding Partners