June 30 2023

CEG Economic Development Week in Review June 26 – June 30, 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:



New Recruitment Campaign Targets Visitors to Support Local Employers

“The Saratoga County Chamber of Commerce, in conjunction with the Adirondack Regional Chamber of Commerce and the Saratoga County Capital Resource Corporation, launched a new marketing campaign on May 15 aimed at attracting new talent to the region.

‘Live Like You’re On Vacation’ is a multi-faceted recruitment campaign geared toward tourists who already love visiting this region and professionals considering relocation. The campaign highlights the three regions – Saratoga, the Adirondacks, and Lake George – in an effort to showcase the variety of opportunities available to residents.”

St. Peter’s halts hiring of travel nurses from Albany area

“St. Peter’s Health Partners announced Wednesday that it will restrict anyone who lives within 50 miles of its facilities from being hired as a travel nurse, a position that can be paid more than four times the hourly wage of their union counterparts.

Travel nurses were vital in combating a staffing state of emergency during the pandemic, helping St. Peter’s fill gaps in its workforce by hiring labor from outside the market. But now, the nonprofit health care provider says that the higher pay scale created for such workers — which was intended to cover their costs of living away from home and commuting from great distances — has instead been commanded by nurses who live in the Capital Region market, creating an unsustainable and deleterious dynamic.

Albany Inno – IBM teams with RPI, and the Albany region aspires to lead a new ‘Quantum Valley’

“The Capital Region has gained another asset that could set it apart in research and development as the area pursues a reputation for innovation.

Rensselaer Polytechnic Institute will be the first university in the world to house one of IBM’s quantum computers come January.”

Funding Partners