March 29 2024

CEG Economic Development Week in Review March 25 – March 29, 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:



Electric City Community Grocery could anchor downtown Schenectady development

“A food co-op in downtown Schenectady could fill the ground floor of a new five-story building with apartments on the upper floors under one of the scenarios being pursued by leaders of the proposed grocery store.

At least two locations are being considered for the new multi-story development, but only one has been disclosed publicly thus far: 141 Erie Boulevard, where the Schenectady Metroplex Development Authority will soon demolish the last vacant commercial building on the site.”

Plug Power’s big news: Firm moving HQ to Bethlehem

“Plug Power CEO Andy Marsh confirmed this week that the Latham fuel cell and green hydrogen maker is planning to move its headquarters to the Vista Technology Park in Slingerlands, where the company recently built a $125 million, 407,000-square-foot manufacturing facility with room to grow.

Marsh, who has led Plug Power since 2008, spoke to the Times Union on Thursday at the new building at Vista, which is already home to more than 400 workers after opening a year ago.”

Aquatic Development Group seeks to grow internationally with EpicSurf

“Cohoes-based Aquatic Development Group is seeking to grow its business internationally through sales of its most recently developed product: a stationary surf wave.

The manufacturer since the 1970s has built hundreds of wave pools and systems for water parks and other venues. It also produced in recent decades more than a hundred “FlowRider” surf machines – a common amenity of cruise ships as well as water parks – which offer a kind of boogie-boarding experience on a thin sheet of water that’s blasted over a trampoline-like surface.” 

$21.3M infrastructure improvement project begins on Thruway

“Gov. Kathy Hochul on Tuesday announced the start of a $21.3 million infrastructure improvement project on the New York State Thruway in Ulster and Greene counties.

The project includes full- and partial-depth repairs and pavement resurfacing on a 15.5-mile section frommilepost 93.8 to milepost 109.3 between exit 19 (Kingston-Route 28-Kingston-Rhinecliff Bridge) and exit 20 (Saugerties-Woodstock-Route 32) used by approximately 40,000 motorists every day, Hochul said in a written statement.

‘New York continues to make historic investments in our infrastructure to enhance the safety, durability and lifespan of our transportation system,” according to Hochul. “This is one of dozens of projects on the Thruway and state roadways that will make critical improvements to our system for generations to come.’”

Funding Partners