August 28 2020

Week in Review: August 24 – August 28, 2020

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:


Saratogian: CEG to serve as group sponsor for GLOBALFOUNDRIES apprenticeship


Troy startup Aptihealth signs biggest deal yet

“The Troy startup Aptihealth has made its biggest deal yet.

The behavioral health telemedicine platform said today that it has signed a contract with Glens Falls Hospital, giving patients at the hospital’s seven primary care practices access to the service.”

Entertainment, sporting complex at Schenectady’s Mohawk Harbor on pause, but not down for the count

“Developers were set to accelerate an ambitious entertainment and sporting complex at Mohawk Harbor this year.

But the COVID pandemic instantly upended the landscape in mid-March, closing Rivers Casino & Resort, battering the economy and creating a lingering fog of uncertainty.”

Lake George Survey Indicates There Is ‘A Strong Pent Up Demand For Travel’

“Businesses in the Lake George area may be heading into their busiest months of 2020 yet, with almost 62 percent of nearly 6,000 customers surveyed planning to visit in August or the fall, according to an online survey conducted by Warren County Tourism, Mannix Marketing and the Lake George Regional Chamber of Commerce.

The survey results came in as the region continues to experience an unexpectedly strong July.

“The survey confirms that there is a strong pent up demand for travel and Lake George offers just what travelers want,” said Sara Mannix, owner of and Mannix Marketing.”

HVCC Plans New Building, Programs To Help Fill Shortages In Skilled Trade Workers

“Hudson Valley Community College is responding to the skilled labor shortage in the area and across the state by pursuing plans to build a new $65 million facility for skilled trades education.

The proposed 130,000-square-foot Applied Technology Education Center (ATEC) will allow the college to expand its training of the skilled technical workforce.”

Schenectady DRI enters voting phase for how to spend $10M

“It’s go-time. Members of the local panel guiding how to spend $10 million in state economic development funds are now voting on which projects will make the cut. Ballots will be sent to panelists on Friday and must be returned by Sept. 3.”

DRI details waterfront plans

“Downtown Revitalization Initiative representatives hosted an open house at Promenade Hill Park on Tuesday night to get community feedback on its planned projects.

Hudson was chosen to receive $10 million for the Initiative from the Capital Region Economic Development Council to use for western downtown Hudson in 2017. The grant money will be used for seven projects in the BRIDGE district, which stands for Build-Renew-Invest-Develop-Grow-Empower. The district covers 2nd Street to the waterfront from east to west, and Dock Street to the South Bay wetlands from north to south. There are 1,272 people representing 19% of Hudson’s population and “all socioeconomic categories, and a multitude of ethnicities,” in the district, according to the state Downtown Revitalization Initiative plan.”

Funding Partners