February 1 2019

CEG Economic Development Week in Review – January 28 – February 1, 2019


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:



PrimaLoft to sell its new biodegradable material to five retailers

“PrimaLoft, which makes insulation for outdoor clothing and camping gear, says it is providing its new 100 percent recycled and biodegradable synthetic insulation and performance fabric to five well-known outfitters.

The first products using what’s known as PrimaLoft Bio will debut in the fall of 2020 by Helly Hansen,

Comptroller: Local sales tax collections rose again in 2018

“State Comptroller Thomas DiNapoli said sales taxes collected by local governments across the state grew in 2018 for the third consecutive year.

The Democrat released a report Monday that finds collections rose by $872 million, or 5.3 percent, to $17.5 billion last year.”

City names company to manage DRI projects

“Officials have selected a planning firm to help get city projects under Gov. Andrew Cuomo’s Downtown Revitalization Initiative off the ground.

The Common Council adopted a resolution Jan. 15 to enter an into an agreement with engineering firm The Chazen Companies, of Glens Falls. The firm was selected after the DRI committee interviewed representatives and found them to be well qualified. The committee also recommended the Chazen Companies serve as the city’s project manager, according to the resolution.”

Construction progress continues on Starbuck Island in Green Island

“The biggest economic development project in the village of Green Island has been progressing along as planned.

The site of the project is located near the Green Island Bridge. The site is an abandoned, former industrial section of a Hudson River island that is undergoing a massive transformation that will attract new residents and retail tenants.”

This recruiter says there’s enough tech talent in the region (if you know where to find it)

“Dean Iacovetti said there is enough tech talent in the region to satisfy the demand by companies to hire qualified software engineers, despite years of reports that companies struggle to find the right people.

“A lot of people think there’s a lack of talent locally, and I disagree,” Iacovetti said. Most people who say the area lacks talent, Iacovetti says, do not know where to look, or are just posting on job boards and not being more creative.”



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