June 23 2023

CEG Economic Development Week in Review June 19 – June 23, 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:


Albany Business Review: Albany region housing demand driven in part by people living alone

Register-Star: Muddled housing trends

CWNYT News 13: Capital Region leads upstate with housing unit growth 



The Social Enterprise and Training Center’s Albany restaurant will train restaurant-ready worker

“Schenectady’s Social Enterprise and Training Center is cooking up a recipe to grow the region’s culinary workforce.

The SEAT Center, an organization dedicated to connecting young people with jobs, is adding a public-facing restaurant in downtown Albany for its culinary program — a move that will better prepare students for real-life restaurants and address the needs of local restaurant owners, said Jennifer Lawrence, executive director of the center.”

G&G Industrial Lighting picks Malta in Saratoga County over South Carolina for factory expansion

“G&G Industrial Lighting has chosen vacant state-owned property off Hermes Road in Malta instead of South Carolina as the future home for a proposed $5.1 million factory.

The Saratoga County Industrial Development Agency on Tuesday unanimously approved a tax-incentive package that will save the company $438,000 in exchange for G&G keeping its business in the county and agreeing to hire 15 additional employees over the next three years.”

American Airlines to add ALB to DFW nonstop route

“American Airlines announced it is adding a new route and direct flight at Albany International Airport later this year.

The airline will add daily direct flights to and from Dallas/Fort Worth International Airport (DFW) starting in October.”

Old D&H railyard in Colonie being redeveloped for offices, warehouse

“A development including warehouses and office space is taking shape at what years ago was a railyard and a steel plant.

The first phase of the Luizzi Company’s redevelopment of the old Delaware & Hudson storage site and part of what was an AlTech steel plant is being transformed into warehouses and office space.”

Albany County opens new hub for economic development – Albany Business Review

“Albany County’s economic development agencies are now under one roof inside an office building a short walk from the Capitol — a first step toward what Kevin O’Connor hopes will be an even bigger accomplishment:

Creating a dedicated funding stream for economic development on par with what was done 25 years ago for the Schenectady County Metroplex Development Authority, which receives more than $9 million annually from a small cut of the sales tax.”

Funding Partners