June 1 2023

CEG Economic Development Week in Review May 30 – June 2, 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:



Capital Region could get third offshore wind hub in East Greenbush

“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.”

Albany Inno – Albany software company launches AI content platform to compete with ChatGPT

“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.)”

Albany barely adds population in latest census report

“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.”

Albany Inno – RPI’s regional plans

“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.”

Funding Partners