January 19 2024

CEG Economic Development Week in Review January 15 – January 19, 2024

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:



WNYT News 13: Troy business makes first 3D-printed wall facade in Western Hemisphere

WNYT News 13: Venting, heating manufacturer moving to larger Waterford facility



Rensselaer Polytechnic Institute to build day care center in Troy

“Rensselaer Polytechnic Institute is planning to build an 18,200-square-foot child care center on its campus in Troy.

The facility will help to fill the void left by the closure in 2020 of Samaritan – Rensselaer Children’s Center, which many RPI community members relied on, said Martin Schmidt, RPI’s president, in an interview.”

Albany Inno – Saratoga AI startup founder hits two milestones

“Saratoga-based startup founder Sean Austin’s two artificial intelligence companies have both crossed significant milestones.

Markets EQ just closed its pre-seed round and is now pursuing a few million dollars in seed funding. And Austin’s first company, Helios Life Enterprises, launched a more powerful version of its voice tone analysis in partnership with an international audio analytics firm.”

Drawn by GE, green energy service firm moves to Schenectady

“A leading supplier for the solar and wind-power industries is opening an office in Schenectady, a move driven partly by GE Vernova ramping up its onshore wind-turbine production in the Electric City.

alifornia-based Pearce Renewables is leasing the top floor at 155 Erie Blvd., a historic renovated firehouse converted to office space by Spraragen Partners.”

Commercial realtors seek applicants for new 88-space warehouse

“Rosenblum Development Corporation’s Launchbox facility at 6 Northway Lane is set to open in March, with the company now accepting applications to use the facility. Inside, a warehouse floor features a walkway surrounded by 88 units available for companies to use for work or to store products. Upstairs, the facility offers rentable suites and smaller private offices.

Rosenblum’s leaders promote the shared warehouse facility as one of few outside major U.S. cities, with others located in areas as close as New York City and northern New Jersey. In addition to the warehouse areas, the facility includes a photo studio and other office amenities such as a shared kitchen, cafe, conference rooms and showers. The facility also has a loading dock for trucks with regular pick-ups by major carriers.”

GE Vernova Niskayuna receives $3.6M in federal funding for power grid project

“GE Vernova Advanced Research in Niskayuna has been awarded $3.6 million by the U.S. Department of Energy (DOE) for a project designed to modernize the country’s aging power grid.

The federal agency is distributing $34 million for a dozen projects across 11 states as part of the the Grid Overhaul with Proactive, High-speed Undergrounding for Reliability, Resilience, and Security program to strengthen the power grid through high-speed undergrounding technologies.”

Funding Partners