CEG Economic Development Week in Review June 23 – June 27, 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
Morningstar: Fed Chair Powell Testimony and New Inflation Data in Focus This Week
REGIONAL ECONOMIC DEVELOPMENT NEWS
Albany County bets big on expanding Albany Capital Center
“Albany County is making a big bet on the Capital City’s downtown.
The county is on the brink of signing an agreement with the Albany Convention Center Authority that would achieve two goals: expanding the Albany Capital Center and securing more funding for the county’s economic development arm.”
BOCES students matched with local businesses for apprenticeships
“This spring, Questar III BOCES matched 29 students with 24 local businesses as part of their Youth Apprenticeship Program.
The program enables students to earn a minimum of 200 hours of paid, on-the-job training during the summer between their junior and senior years. It’s also an opportunity to network with potential post-graduate employers while showcasing their skills, professionalism, and dedication to their trade.”
Energy Catalyst’s Matt Desmarais sees big potential in geothermal heat pumps
“On a recent morning at Hawthorne Valley Waldorf School in Columbia County, as students played basketball and clambered up playground equipment, Matt Desmarais paced the grounds, spray-painting a series of small circles at 15-foot intervals.
The circles told a drilling contractor where to bore 500-foot holes for thousands of feet of subterranean pipe that will carry fluid to a dozen multi-ton heat pumps indoors.”
DCG Development proposes 700+ units for Malta Commons expansion
“Malta Commons Business Park would grow even bigger — including more than 700 residential units — under a conceptual plan that was submitted to town hall prior to the enactment of a six-month development moratorium in early May.
DCG Development of Clifton Park filed a “project plan concept application” with the town planning department on March 5, about two months before the town board approved the moratorium on new applications for large residential and commercial developments.”
This Year’s Summer Trades Camp Builds Skills, Confidence, And Career Pathways For Girls
“A summer camp for fifth- to seventh-grade girls has been expanded to two weeks this year, giving hands-on opportunity and exposure to the industry’s many different careers.”
Northern Power & Light Spearheads Project To Deliver Renewable Energy To Glens Falls
“For years, Emmett Smith, co-founder and CEO of Saranac Lake-based Northern Power & Light, and Dr. Jeffrey Flagg, economic development director for the City of Glens Falls, discussed hydro-based projects but couldn’t find one that was actionable.
That changed when the Glens Falls Community Hydro Project went live on May 21. The project is delivering clean, renewable energy to National Grid customers in Warren, Washington, and Saratoga counties and beyond.”
BOCES Breaks Ground On $96M Wilton Campus To Train Students For High-Demand Careers
“BOCES officials are eagerly awaiting groundbreaking for a $96 million campus that will increase capacity for current programs such as construction trades while making new offerings such as green energy and a standalone electrical course possible.
Plans call for three buildings totaling 290,000 square feet on 25 acres at the corner of Ballard and North roads, just off Exit 16 in Wilton. Two buildings would be for special education (grades K-6 and 7-12) and a third for career and technical classes.”
