June 14 2024

CEG Economic Development Week in Review June 10-June 14, 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:



Glenville’s Nally Coffee roasting up flavorful beans

“If you walked inside Nally Coffee right now, you’d probably scratch your head wondering just exactly where is the bean roaster.

Tucked inside a portion of Tune Skis ski shop located at 272 Saratoga Road in Glenville, behind a set of curtains, is a giant roaster where just about any day of the week you can find owner Sam Nally roasting beans.”

Albany designer creates psychedelic stages for top EDM festivals

“From an unassuming warehouse near the Hudson River waterfront, a team of artists and fabricators creates intricately patterned stage designs intended to mesmerize all who encounter them.

Studio owner Ivy Orth, who moved to downtown Albany two years ago, has been designing and fabricating psychedelic-inspired environments since the early 2000s. She started doing designs for underground acts and by the early 2010s was creating environments for some of the largest electronic dance music (EDM) festivals in the country.”

Albany Nanotech Complex plans expansion with eye toward NSTC

“The Albany Nanotech Complex plans to expand with the future construction of additional facilities at its Fuller Road campus.

The New York State Legislature passed a bill right before the most recent session ended that would allow the University at Albany to lease more than 25 acres that it owns to the real estate arm of NY CREATES, the state-supported organization that runs the complex.”

Realm Artesian Water to launch with upstate NY water source

“Todd Kletter is adding another title to his resume: CEO of a luxury water company.

Kletter, who is managing partner of WP Strategic Holdings, a boutique investment and consulting firm based in Albany, is now also the chief executive of Realm Artesian Water, launching later this month.”

Dutch king and queen stop in Albany during U.S. visit

“King Willem-Alexander and Queen Maxima of the Netherlands donned Tyvek “bunny suits” to tour a clean room Wednesday, during a trip to the city where he also addressed a crowd of executives and noted how he was impressed with the “can-do mentality” of the operator of the Albany NanoTech complex.

The stop was the third day of the royals’ four-day U.S. visit, which included meetings with Gov. Kathy Hochul. The Dutch king and queen also visited the governor’s mansion on Eagle Street in the late morning.”

MTX tech company opens downtown Schenectady office

“Tech companies MTX Group and mavQ are establishing a presence in downtown Schenectady, opening offices at 400 State St. on Thursday.

The Schenectady County Metroplex board approved a $100,000 grant in October to support the move into the 9,000 square feet of office space on the third floor of the State Street building above the BTM Movieland multiplex.”

Funding Partners