CEG Economic Development Week in Review May 30 – June 2, 2023
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“The Capital Region is poised to become a major player in New York’s burgeoning offshore wind industry thanks to two spots along the Hudson River: the Port of Albany and Port of Coeymans.
The owners of both locations, the publicly operated Port of Albany and Carver Companies, respectively, are planning facilities to build offshore wind components that will then be transported down the Hudson River by barge and ultimately installed off the coast of Long Island.”
“An Albany-based software company has launched an artificial intelligence product that intends to compete with the likes of ChatGPT.
Nowigence, located on Broadway in Albany, introduced Lille.ai this week. Using links, topics and documents, the software extracts information and generates content that can be posted for blogs, newsletters and social media. (It’s capable of posting directly to Twitter and LinkedIn.)”
“When it comes to adding new residents in New York’s 12 most populous cities, only Albany and New Rochelle counted more people while the remaining 10 lost population, according to the U.S Census Bureau’s recent report.
Between July 1, 2021, and July 1, 2022, Albany’s addition of 91 residents boosted the population to 100,826. New Rochelle’s growth was more robust, with an increase of 899 people to 82,288 during that time frame. Both bucked the trend among the 82 cities in the Northeast with estimated populations of more than 50,000 that saw an average decline of 0.3 percent for the same reporting period, the bureau said.”
“Rensselaer Polytechnic Institute’s president, Martin Schmidt, spent the first six months in his new role listening.
In conversations with everyone from local RPI alumni to the CEO of Albany International Airport, he has been gathering feedback from the community.”