March 23 2018

CEG Economic Development Week in Review – March 19 – March 23, 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:


Troy Record: Officials eye transit’s role in economic development

CEG’s Kennedy talks to the Times Union about tech driving the Capital Region’s population growth

Times Union: CEG seeks nominees for tech awards event   

Business Review: New York business plan competition finds home again with SUNY


Glenville distillery nears debut

“A local attorney’s plans to operate a farm-based craft distillery inside a former fire station on Route 5 are so close to reality you can almost sip them.

The Schenectady Distilling Co., at 3304 Amsterdam Road (Route 5) in West Glenville, has already opened its tasting room, where it offers samples and bottles of farm-sourced craft liquor, wine and even a cider, all produced in New York state.”

20 years later, Schenectady Metroplex only one of its kind in New York

“Whether it’s bottled water, a pair of sneakers, a refrigerator or the countless other items that are charged sales tax, consumers in Schenectady County are helping pay for millions of dollars in economic development.

A tiny portion of the county’s 8 percent sales tax — equal to 3.5 cents on a $10 purchase — is kept by the Schenectady Metroplex Development Authority.”

NIH funding is on the rise. Here’s who’s winning in the Albany area

“As Washington lawmakers scramble to head off yet another potential federal shutdown, at least one government agency appears to be breathing easy: The National Institutes of Health.

As of this week, both houses of Congress had pledged billion-dollar increases to NIH’s budget in the upcoming fiscal year. The negotiations come roughly a year after newly elected U.S. President Donald Trump threatened to slash the agency’s administrative budget — a threat that proved unfounded after NIH doled out a record $26.3 billion in research grants to U.S. applicants in 2017.”

Funding Partners