February 24 2023

CEG Economic Development Week in Review February 20 – February 24, 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:



Albany Business Review: push to prepare shovel-ready sites in the Capital Region



Albany Inno – Troy startup sees profitability ahead after overcoming supply chain crunch

“Troy startup Vara Safety is back on a growth trajectory and headed for profitability this summer.

The company makes a mounted handgun holster called Reach 2 that locks the gun in place and unlocks it with a fingerprint.”

Latham developer targets Rotterdam location for construction of 6 warehouses

“Latham-based developer is seeking to construct six warehouses on a vacant plot of land along Mariaville Road.

The BDC Group submitted an application to rezone just over 15 acres of a more than 65-acre plot of undeveloped land at 676 Mariaville Road from its current multi-family residential zoning use to light industrial in order to construct six 12,000-square-foot warehouses, according to plans submitted to the town.”

Albany airport awarded $2 million through federal grant program

“The Albany International Airport has been awarded $2 million of funding through the Bipartisan Infrastructure Law to rehabilitate its traffic control tower.

Albany International is one of four upstate airports that have been awarded nearly $25 million in funding from the Federal Aviation Administration’s Airport Terminal Program, U.S. Senate Majority Leader Charles Schumer and Sen. Kirsten Gillibrand said Thursday. The awards come as the latest round of funding for the program, created under the Bipartisan Infrastructure Law, which seeks to boost development projects that address the aging infrastructure of the nation’s airports.”

RPI awarded two technology projects from Advanced Robotic in Manufacturing

“Rensselaer Polytechnic Institute (RPI) was recently awarded two of 11 new technology projects from the Advanced Robotics and Manufacturing (ARM) Institute.

The new investment totals more than $7.9 million across the 11 projects. ARM selects projects that address critical needs within the manufacturing sector and aims to combine resources and research of industry, academia, and government to advance critical manufacturing technologies.”


Funding Partners