October 6 2023

CEG Economic Development Week in Review October 2-October 6, 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:



Times Union: Study: Region strong in gaming, clean energy, chips and biotech

Times Union: Climate technology, AI emerging in Capital Region economy



Siena College to receive $750,000 from state for its new science complex as STEM

“Gov. Kathy Hochul announced Siena College will receive $750,000 to purchase new equipment for its Nobel Hall science center expansion as the college expands its STEM programs.

The expansion features 10 new laboratories, a home health lab, a computer lab for environmental studies and sciences, more than five new classrooms and more. The expansion is partially funded by founders of the MTX group, Das and Nipa Nobel, who in 2021 pledged $35 million toward the expansion — the single largest donation in the college’s history at the time.”

How GlobalFoundries aims to remain world’s third-biggest chip foundry

“In its short 14-year history, GlobalFoundries

 has risen to become the world’s third-largest chip foundry. Based in upstate New York, GlobalFoundries isn’t a household name because it’s manufacturing semiconductors that are designed and sold by other companies.

But it’s quietly helping power nearly every connected device.”

Glens Falls Market Center pavilion construction to start

“Construction is expected to start this month on the new $5 million Market Center pavilion in Glens Falls — the signature project in plans to revitalize a core piece of the city’s downtown.

Bunkoff General Contractors Inc. of Latham was awarded a $4.55 million contract by the city to build the 6,000-square-foot farmers market and event space at 51-63 South St.”

Jupiter Bach leases space at Rotterdam Corporate Park near Schenectady

“Jupiter Bach, a Danish company that makes a critical component in wind turbines, will lease space at Rotterdam Corporate Park from Galesi Group.

The company will lease 50,000 square feet in a building at the park, initially creating about 20 jobs, according to the Schenectady County Metroplex Development Authority.”

Funding Partners