CEG Economic Development Week in Review July 28 – August 1, 2025
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
Times Union: Colleges’ merger will strengthen the Capital Region
Times Union: Albany’s tech sector takes flight as region fights to keep new talent
REGIONAL ECONOMIC DEVELOPMENT NEWS
Albany Med to announce emergency department expansion
“Albany Medical Center will announce plans for a $25 million expansion of its adult emergency department at a 10 a.m. news conference Tuesday.
The project, which is pending state approval, will increase the emergency department’s footprint by 20 to 25 percent, according to a news release from the hospital.”
Port of Coeymans operator opens new 54,000 square foot building in Albany
“The company that owns and operates the Port of Coeymans has opened a new 54,000 square foot building in Albany.
Carver Companies held a ribbon-cutting ceremony Tuesday for its new headquarters on Corporate Circle, off Route 155.”
UAlbany nanotechnology research center gets $10 million state grant
“The University at Albany’s nanotechnology research center has been awarded a $10 million state grant over the next decade to advance its work as a hub for semiconductor and microelectronics research and development.
UAlbany’s Center for Advanced Technology in Nanomaterials and Nanoelectronics, or CATN2, was formed in 1993 and now operates at the Albany NanoTech complex. This is the fourth time the center has received a $10 million grant from Empire State Development, the state’s economic development arm.”
SUNY seeks to tackle nurses shortage with new pilot program
“The State University of New York is moving forward with a pilot program aimed at training new nurses — a career field that has been plagued with issues around recruitment and retention in recent years.
The SUNY Healthcare Educator Scholarship supports baccalaureate-prepared nurses pursuing a master’s degree in nursing with $25,000 per academic year. In exchange, recipients must commit to a three-year faculty position at a SUNY associate-level nursing program.”
