July 21 2017

CEG Economic Development Week in Review – July 17 – July 21, 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:



Times Union: Materials engineers find way to Capital Region


Lavender fields forever at Fort Ann farm

“For David and Diane Allen, moving from suburban New Jersey to rural Washington County definitely meant living on a farm.

They didn’t know the move would lead them to trying to learn everything they could know about lavender — from the dozens of varieties of plants, to how to make lavender extract to figuring out how to keep the plants alive during the frigid winters.”

Troy coworking space to expand into Albany

“Twelve years ago, Tom Nardacci created the public relations agency, Gramercy Communications, and then last year he created a coworking space in downtown Troy. Now, he is already planning out his next business adventures.

Nardacci created and opened the Troy Innovation Garage on Fourth Street in downtown Troy last year for creative entrepreneurs to cowork.”

 Hello, hello, hello: Chatham was home to Three Stooges

“Nyuk, nyuk, nyuk. Any resemblance between the Three Stooges depicted in this story and in their short films is purely true.

Three of the Stooges, who specialized in physical farce and slapstick in a career that spanned seven decades, used to spend their summers away from New York City in Chatham in the early 1900s.”

Glens Falls Hospital, 5 others get $32M in state grants

“Six medical facilities in the greater Capital Region will receive grants totaling nearly $32 million as part of a $491 million state initiative to provide better health care to New Yorkers.

The state money is designed to preserve and expand patient access to high-quality care through a transformative effort to get health care facilities ready to meet future health care needs.”

Pitney farm building high tunnel

“Just about every day volunteers visit Pitney Meadows Community Farm to aide Paul Arnold on a project he began working on about 10 days ago.

Ryan McFadden is one of the volunteers. He owns Henry Street Taproom and couldn’t be more thrilled to volunteer his time to build the nearly 6,000 square foot high tunnel that will serve two purposes.”

SUNY Poly profs win $720,000 grant for power electronics

“Two research professors at SUNY Polytechnic Institute in Albany are part of a team that won a $720,000 grant from the Department of Energy to develop high-performance switches for power electronics technologies.

The team, led by Fatemeh “Shadi” Shahedipour-Sandvik, SUNY Poly’s interim dean of graduate studies, includes Woongje Sung, another SUNY Poly professor, the Army Research Lab, Drexel University, and Gyrotron Technology.”

Which industries are driving job growth in the Albany region?

“Hospitals and builders continue to propel job growth in the Albany, New York, region.

The health care and social assistance industry matched the construction and mining sector each adding 900 jobs over the past year as the Albany region gained 2,300 private-sector jobs to remain one strongest upstate metropolitan areas.”

Tech company relocates to Troy

“One Capital Region tech company has relocated to downtown Troy, with plans for expansion in the future.

MTX, founded in Albany in 2008, is joining the Troy community with its new downtown offices and Maverick.io Innovation Lab.”


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