August 25 2017

CEG Economic Development Week in Review – August 21 – August 25, 2017


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:


CEG’ Kennedy talks to Albany Business Review about CEG SolarGEN and Helping Manufacturers Shine with Solar


Local farmers are trying to preserve their land forever

“When Pete Wagner looks west from his 296-acre dairy farm on Garfield Road he feels the pressure of approaching suburbia.

“It is closing right in. This land should really be in agriculture,” said Wagner, 59, whose Wagner Farms spreads across the Brunswick-Poestenkill line.”

More construction coming to Glenville industrial park

“Progress continues at the Glenville Business and Technology Park, where a building will be constructed, an old building may be reused, and the county is seeking to buy 40 acres from the federal government for further development.

The town of Glenville Planning and Zoning Commission on Monday approved construction of a 98,000-square-foot building by the Galesi Group, which owns a significant chunk of the former Scotia Naval Depot. The Galesi Group is undertaking the $5 million project on spec — it has no tenant lined up for the space and expects no trouble finding one when construction is complete.”

Taconic moving headquarters to East Greenbush

“Taconic Biosciences, the longtime Columbia County firm that breeds mice and rats for lab experiments, is moving its headquarters to the University at Albany’s health sciences campus in East Greenbush by the end of the year.

Taconic, which already has operations at the UAlbany health sciences campus, currently has its headquarters in the city of Hudson.”

Labor shortage persists in Capital Region

“Low unemployment and a bit of a labor shortage are persisting in the Capital Region.

The state Department of Labor on Tuesday reported preliminary jobless rates for the month of July, and once again the Albany-Schenectady-Troy metropolitan area had one of the best in the state: 4.3 percent, compared with 4.2 percent in July 2016. Only the Glens Falls metro area was lower in July 2017, at 4.2 percent. The Dutchess-Putnam metro area was tied for second place at 4.3 percent.”

Female-owned firms employ some 20,000 workers in our region         

“The chef and owner of Cake Street Sweets learned to push aside the voice in her head that said, “You can’t do this … What were you thinking?”

It became the most difficult when an obstacle would arise, such as the delay in the receipt of the state grant she needed in order to pay the architect, sign company, construction firm, and food orders, recalled Kayla Renfroe, who has owned the Cohoes bakery since April.”

Funding Partners