June 15 2023

CEG Economic Development Week in Review June 12 – June 16, 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:


Emirates News Agency: UAE Consul General visits Albany in New York to reinforce economic, cultural cooperation

Register Star: Twin Counties see young homeowner surge



GlobalFoundries will make chips for Lockheed Martin in upstate New York

“GlobalFoundries has reached an agreement to supply secure computer chips to fighter jet and weapons manufacturer Lockheed Martin.

The chipmaker announced the partnership Monday at its Malta headquarters during a news conference with Lockheed Martin chief executive Jim Taiclet, GlobalFoundries chief executive Tom Caulfield and U.S. Senate Majority Leader Chuck Schumer.”

Granville furniture company CEO earns international honor

“Kathy Juckett was announced as the recipient of the 2023 International Casual Furnishings Association Lifetime Achievement Award and will soon get to hold the award herself.

Juckett, CEO of Telescope Casual Furniture in Granville, will receive the award at the ICFA Awards Gala on July 11 at the Georgia Aquarium in Atlanta. Juckett joined the family busines after college.”

Bestpass CEO Tom Fogarty on how they’re growing the tolling services company

“ince Tom Fogarty joined Bestpass, a toll payment platform for trucking fleets that’s based in Colonie, the company’s customer count has tripled to over 30,000.

Bestpass has also expanded its product lines through acquisitions and added 60 employees.”

Funding Partners