Week in Review: April 5 – April 9, 2021
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 IN THE NEWS
Insider NJ: Broad Coalition Applauds Biden Administration Offshore Wind Moves, Signaling United Support for Responsible Development
Hudson Valley 360: KeyBank announces $40B investment in communities
Times Union: The Capital Region’s brand is getting a makeover
Saratogian: CEG and ACE announce rebranding and talent attraction campaign
Daily Gazette: CapNY launched as new branding effort for Capital Region
Troy Record: CEG and ACE announce rebranding and talent attraction campaign
Business Review: CapNY is Capital Region’s new marketing campaign
WRGB: CapNY: New campaign aimed at branding Capital Region to attract new talent
REGIONAL ECONOMIC DEVELOPMENT NEWS
Capital Region sees coronavirus-driven spike in new residents from New York City
“A year ago, Warren Shaw was living in Queens, his home for the past 36 years. But upstate was no stranger to the architect; he grew up in Hyde Park and had friends in Troy he’d often visit.
Then the pandemic hit, and hit hard in New York City.”
Funding for new Wadsworth Center lab included in New York state budget
“New York state has included $750 million in its final budget to build a new hub for The Wadsworth Center, New York’s state public health lab, in Albany after there were concerns the funding may be in jeopardy.
The money was included as part of the state’s capital projects bill released Tuesday morning — one of 10 bills that will make up the 2021 budget. State lawmakers and Gov. Andrew Cuomo have been negotiating the final details in the 2021-2022 budget this week.”
Queensbury logistics company SCI doubling space in move to Glens Falls
“SCI will more than double its office space by moving from Queensbury into a 22,000-square-foot suite at One Broad Street Plaza in Glens Falls this spring.
The 25-year-old business, which processes more than $1 billion a year in payments for companies that work with independent contractors, has signed a long-term lease with real estate broker Mark Levack and his business partner at Silver Broad LLC.”
Hacker Boat Co. awarded tax incentives to keep custom boat builder in New York
“Hacker Boat Co. was awarded a tax-incentive package from the Warren-Washington Industrial Development Agency to keep the custom boat maker from leaving the state.
The agency on Monday unanimously approved a payment-in-lieu-of-taxes agreement that freezes the assessment at $1.78 million for five years. The IDA also awarded a $14,000 mortgage tax incentive and $33,750 in sales tax breaks.”
Innovative Test Solutions in Schenectady needs new workers for expected business uptick
“The mechanical engineering and testing laboratory Innovative Test Solutions is scrambling to add workers to accommodate an uptick in business expected as the pandemic comes to an end.
The Schenectady lab experienced a decrease in business during the pandemic, but the company has been getting multiple new quote requests each week.”
Capital Region employers tout job openings
“A number of Capital Region employers are seeking to fill vacancies and plan job fairs in coming weeks.
The Wesley Community will hold a drive-up job fair from 10 a.m. to 4 p.m. on Wednesday, April 14 at 131 Lawrence St., Saratoga Springs. Details: www.thewesleycommunity.org/careers”