CEG Economic Development Week in Review: January 16, 2023-January 20, 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:
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Gov. Kathy Hochul will provide additional funding beyond the $750 million that’s already been committed to build a new public health lab in Albany — marking the latest turn for a project that’s been talked about for years but with no visible progress.
Hochul disclosed her plans in the State of the State briefing book released last week but didn’t specify the amount of additional money she wants to spend to consolidate the five laboratories that make up the Wadsworth Center in the region.”
“Aaron Flach’s vision for how to bring vitality to the waterfront in Coxsackie has started to produce results.
The Wire Event Center, which can accommodate about 600 people, recently opened in what had been an industrial building that sat empty for about 50 years in the small Greene County village, roughly a 30-minute drive south of Albany.”
“Second-generation general contractor Munter Enterprises of Middle Grove has filed plans to construct a two-building, 70,480-square-foot warehouse, office and cold storage complex in the W.J. Grande Industrial Park in Saratoga Springs.
The project — for a not yet publicly identified client — has the potential to bring 35 manufacturing and support jobs to the region.”
“New York plans to spend up to $10 billion in the coming years on tax incentives to expand semiconductor manufacturing in the state, casting the subsidies as crucial investments in green jobs.
But microchip plants, which consume enormous amounts of electricity, will strain the state grid just as operators rush the transition to renewable and emissions-free sources. Industry voices are warning of possible brownouts as “reliability margins” may be stretched to a breaking point as early as this year.”
“The city is set to receive $514,064 in federal funding over the next four years for a new juvenile delinquency prevention pilot program, with Schenectady Police Chief Eric Clifford providing new details about the initiative during the City Council’s Public Safety Committee meeting on Tuesday.
The police department is seeking legislation from the council to accept the grant from the state Department of Criminal Justice Services to fund the pilot program, which will support programming for homeless and runaway youths and youth of color while providing alternatives for juveniles who are at-risk of entering the criminal justice system.”