August 26 2022

Week in Review: August 22 – August 26, 2022

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:


WTEN News 10: New initiative to help BIPOC-Owned Businesses & DEI

Saratoga Business Report: What Does It Mean? Capital Region’s Digital Gaming Cluster Explained

WNYT News 13: New clean energy apprenticeship program gets big financial boost



Former Aldi market in Queensbury targeted for ImmunoTek Bio Center plasma collection facility

“ImmunoTek Bio Centers is pushing into upstate New York as the Dallas health care company rapidly expands its network of plasma collection centers used to develop vaccines and treatments for people suffering from cancer, burns and blood disorders.

The company plans to invest $2.2 million converting a former Aldi market at 176 Quaker Road in Queensbury into a plasma collection site capable of handling 25 to 40 donors at a time.”

Aaron Marquise on making Troy a hub for the contemporary circus industry

“Aaron Marquise loves the circus, though it might not be what you’re imagining. He’s interested in what’s known as “contemporary circus” — think more Cirque du Soleil than Ringling Bros.

Marquise founded the Contemporary Circus and Immersive Arts Center in Troy. He wants to grow circus in the United States, which he says doesn’t have the same circus culture as places like Canada or Europe.”

Plug Power, hydrogen industry: New York’s climate solution?

“Does New York’s climate law – perhaps the most aggressive in the United States – have room for hydrogen?

Plug Power, which is a hydrogen fuel cell company based in Latham, believes so.”

3.2% Albany Metro jobless rate lowest for July since 1999

“The Albany metro area had an estimated 3.2% jobless rate last month, the lowest recorded by the region in any July since 1999.

That compares to 4.5% in July 2021 and 8.5% in July 2020, which was the highest unemployment rate recorded for the month since the current record-keeping system began in 1990.”

Funding Partners