March 16 2018

CEG Economic Development Week in Review – March 12 – March 16, 2018


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 highlights new CEG-MACNY Intermediary Apprenticeship Program

Times Union notes CEG/ACE Albany roundtable on the creative economy

Business Review Notes CEG Gaming Studio in Article on South Korean Studio Acquiring MadGlory

Times Union: CEG’s Kennedy Discusses Public Transit Driving the Economy

Daily Gazette: CEG-MACNY Apprenticeship program designed to boost manufacturing workforce

Glens Falls Business Journal: CEG Engages Itself With Local Agencies To Promote North Country Economic Growth


Clean energy projects in Albany to get share of $1.4 billion in state money

“Twelve projects in this area will get a piece of $1.4 billion in state money for renewable energy.

Gov. Andrew Cuomo announced the awards Friday at New York University with former Vice President Al Gore. Cuomo said it is the largest commitment to renewable energy by a state to date.”

Making DoughBoys For Stewart’s Shops Has Esperanto Looking Into New Baking Shop

“Esperanto, a restaurant on Caroline Street in Saratoga Springs, has for years made the DoughBoy, a popular quick-grab snack, a feature of its varied menu.

This dough, about the size of a hotdog on a bun, filled with chicken, cheese and scallions, can now be found in Stewart’s Shops across the region. The agreement to supply DoughBoys to the well-known store chain, has sparked the need for Esperanto to expand.”

WJ Grande Industrial Park Continues To Be Economic Driver For The Saratoga Region

“The WJ Grande Industrial Park continues to be an economic driver in the region nearly 70 years after it was first developed by its namesake, William J. Grande.

In the early 1950s, Grande purchased approximately 550 acres on Cady Hill in Saratoga Springs, adjacent to the D&H Railroad. The lifelong developer and philanthropist envisioned Cady Hill Research and Industrial Park, as it was originally named, as a vehicle for creating sustainable employment locally, as well as creating a revenue base for the county.”

KeyBank market president named co-chair of regional economic development group

“Ruth Mahoney, market president of KeyBank based in Albany, New York, has been named co-chair of the Capital Region Economic Development Council.

Mahoney is replacing James Barba, president and CEO of Albany Medical Center, who was co-chair since October 2012. Barba will stay on the council as a member. Havidán Rodríguez, president of University at Albany, is Mahoney’s co-chair.”

You can now buy this bacteria-killing Troy tech company’s lights on Amazon and Wayfair

“Vital Vio, the Troy, New York, company that designs lights meant to kill bacteria, is working with a lighting manufacturer to bring its germ-killing lighting technology to residential customers.

Evolution Lighting, LLC, which designs and manufactures lamps and lighting, is working with Vital Vio to develop under-the-cabinet lights for kitchens, bathrooms, closets and other spaces. The lights are being sold on Amazon, Wayfair and Houzz, under the name Ellumi, with prices starting at $68.80.”

Final list of recommended DRI projects announced

“The final list of projects to be submitted to the governor for possible state funding for Hudson’s downtown redevelopment was announced Thursday.

Twenty-one projects totaling $53,505,883 will be presented to Gov. Andrew Cuomo’s office. Project sponsors are requesting a total of $13,587,040 in state funding from Gov. Andrew Cuomo’s Downtown Revitalization Initiative.”

Popular Charlton farm keeps growing, improving

“Chip Ellms doesn’t let much get in his way, not even a Nor’easter.

Following the old adage “work hard, play hard,” Ellms prepped for a Florida golf vacation by hitting a bucket of balls at the snow-covered Edison Club, in Rexford, the other day, after shoveling out a place to tee off.”

‘Business Central’ At SUNY Adirondack Aims To Foster Entrepreneurship In The Region

“Kate Baker has been at her new job for two months. As director of SUNY Adirondack’s new Business Central—a program devoted to fostering entrepreneurship and developing relationships between students, community members and regional businesses in Warren, Washington and Saratoga counties—her job is to facilitate the growth of the region through entrepreneurship, collaboration and innovation.

Baker is no stranger to entrepreneurial endeavors and helping people start new businesses. She came to SUNY Adirondack with 11 years of experience under her belt from her tenure with the SUNY Albany’s Small Business Development Center (SBDC), where she helped more than 1100 new businesses in the Capital Region.”

Funding Partners