August 4 2017

CEG Economic Development Week in Review – July 31 – August 4, 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’s Kennedy Talks to Daily Gazette about Albany’s Proposed Gondola

News 10: CEG Study Shows Cohoes is NY’s Fastest-Growing City

Times Union Reports on the Launch of CEG SolarGEN

Daily Gazette: CEG Launches Campaign to Streamline Solar Adoption by Manufacturers


Port of Albany approves lease with Ohio importer

“The Port of Albany approved a 20-year lease with Spartan Materials LLC Wednesday, positioning the fly ash importer to ship as much as 100,000 tons of the concrete additive into the region annually.

Spartan Materials is headquartered near Cincinnati and has an exclusive contract to import the lightweight material as an alternative to the Portland cement used in concrete.”

Watervliet Arsenal secures $3.5 million in contracts for Iraqi, Afghan, Lebanese armies

“Watervliet Arsenal has secured $3.5 million in contracts to provide mortar components to the Iraqi, Afghan and Lebanese armies.

The U.S. Army arsenal in Albany County, New York, will begin delivery in July 2018 and should be complete by 2020, according to a statement by the U.S. Army.”

Adirondacks boat maker, whose customers include Tommy Hilfiger and Kurt Busch, could double production

“George Badcock is negotiating a contract that would expand Hacker Boat Co. Inc.’s sales pipeline throughout Europe and require the mahogany boat maker to double production in the next year.

Badcock, 68, is the president and chief executive of a 109-year-old Silver Bay, New York, company that has hand-made boats for 2017 Daytona 500 winner Kurt Busch, clothing designer Tommy Hilfiger and the royal family of Thailand.”

Saratoga Juice Bar’s reach grows as retailers stock up

“Colin and Christel MacLean are moving out of their one remaining non-juice venture to devote full attention to their Saratoga Juice Bar and the line of cold-pressed juices that bears the same name.

The couple, who’ve operated four restaurants in the city, listed their last remaining eatery, the Circus Cafe, for sale last week. This comes as the MacLeans have in rapid succession expanded their product line, added a West Coast production facility and reached deals to put their juice in more locations of more stores, locally and around the Northeast.”

Port of Coeymans readies to ship 8M-pound structure down Hudson

“The Port of Coeymans on Tuesday is scheduled to move an 8-million-pound heating structure from the port onto a barge as it readies for transport south on the Hudson River on its way to New Jersey.

It is the largest project of its kind ever in the United States.”

Medical marijuana to be cultivated in Glenville

“A new marijuana cultivation and production facility will be built in Glenville and a new dispensary opened in Saratoga County as the state works to expand a medical option it made available two years ago.

New York City-based Fiorello Pharmaceuticals announced its plans Tuesday, the same day the state Department of Health announced approval of five new registered organizations that will be part of the budding industry in New York. The move doubles the number of approved providers of medical marijuana from five to 10 and will double the number of approved dispensaries — the pharmacies where the substance is available to patients — from 20 to 40.”

Hudson gets $10 million for downtown revitalization

“The city will receive $10 million from the state to revitalize its downtown district, Gov. Andrew Cuomo said Tuesday.

Cuomo made his announcement just after noon at Hudson Hall, the historic location of Hudson’s Opera House, before a theater of about 100 local officials, business owners and residents.”

 Saratoga gets most investment of any county in the state

“Saratoga County has been known as the fastest-growing county by population in upstate New York for years and it’s been a summer tourism stop for decades.

Now, according to a recent report, it can claim another honor in the state: The county receiving the most incoming investment.”

Solar farms are the Albany area’s new cash crop

“When Joe Giardino bought 127 acres of farmland in Montgomery County, New York, more than 12 years ago, he thought a housing developer might someday want to build there.

‘I liked the location,” said Giardino, owner of Adirondack Kayak Warehouse on Route 30. “It’s the largest parcel next to the city of Amsterdam.’”

Galesi to build warehouse as telecom firm considers expansion

“Communications Test Design Inc. is considering its second expansion since moving into the Glenville Business & Technology Park in Glenville, New York, three years ago.

The Galesi Group is seeking town approval to build a 98,000-square-foot manufacturing and warehouse building on a 7.5-acre portion of the technology park where CTDI has employed more than 125 people since 2014.”

Funding Partners