CEG Economic Development Week in Review December 18 – December 22, 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:
CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Adirondack Beverages is again expanding its operations at the Glenville Business & Technology Park.
The company invested $4 million this year to construct a substation that will power a new $16 million production line which will bolster production at its Glenville facility. The Schenectady County Metroplex Development Authority board agreed to provide a $175,000 grant toward the purchase of new equipment at its meeting last week.”
“Machine-tool manufacturer NSH USA Corp. could begin construction of a new facility in Menands as soon as this summer, according to David Davis, the company’s president and chief operating officer.
NSH USA plans to build a 25,000- to 30,00-square-foot facility next to its existing factory on Broadway. The building, named the Niles Technical Application Center, will serve as a kind of demonstration and training center for the company’s multimillion-dollar machines, which it sells to customers in the rail, aerospace and defense industries.”
“Washington County has a great deal of untapped tourism potential that could boost the local economy with more comprehensive, strategic promotional planning.
That’s what officials told local business and civic leaders during a presentation hosted by the Adirondack Regional Chamber of Commerce at Sandy Hill Arts Center’s fifth-floor event space in Hudson Falls.”
“Armed with nearly $5.7 million in state and federal funds, Warren and Washington counties plan to develop an industrial park near Champlain Canal Lock 8 in Fort Edward.
General Electric Company used the 82-acre site as a dewatering facility for its massive Hudson River PCB dredging project.”