August 12 2022

Week in Review: August 8 – August 12, 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:


Times Union: Hudson River-area dwellers get tough with $350M Beacon Island project

Albany Business Review: Capital Region video game startup accelerator set aside for different idea

Foothills Business Daily: Warren County 2nd fastest business growth in region

Times Union: Wind firm to train local workers in clean energy field

CBS 6: Delgado in Albany to support construction jobs, doesn’t stop for bail reform questions

WAMC: Funding announced for Albany’s Multi-Craft Apprenticeship Preparation Program

Energy Northern Perspective: Sunrise Wind invests in New York’s capital region workers training for union construction careers in clean energy



GlobalFoundries talks chips supply chain in wake of CHIPS Act passage

“GlobalFoundries hosted a summit in Washington, D.C. on Monday along with other industry suppliers and policymakers following the passage of the $52 billion CHIPS Act.The bill – renamed the CHIPS and Science Act before final passage – was approved by Congress to help the United States re-establish the domestic computer chip manufacturing industry, along with its supply chain, much of which is now located abroad in Asia and Europe.”

New Corporate Circle warehouse planned in Albany

“The owner of the former FYE headquarters, warehouse and distribution facility in Albany wants to build a 75,000-square-foot warehouse on a parking lot next door.

IndusPAD-The Awakening LLC submitted an application to the city planning board to subdivide the 13.8-acre property at 38 Corporate Circle into two lots, one of which would be the existing 168,000-square-foot former FYE warehouse.”

CHIPS Act could be big for GlobalFoundries, Albany Nanotech

“The CHIPS Act has been passed and the federal government is about to make billions of dollars available for semiconductor manufacturing and research. Here’s how the Capital Region could end up taking advantage of that money.

What is the CHIPS Act?

The $52 billion CHIPS Act – meant to spur computer chip research and manufacturing in the U.S. – was signed into law Tuesday morning by President Joe Biden after being passed by Congress in late July.”

SUNY Cobleskill, Transitions partnership could be part of paradigm shift

“Coty Rulison, a 27-year-old Gloversville native who lives with Asperger’s, ADHD and mild schizophrenia, has dreamed of going to SUNY Cobleskill since he was in middle school. A gardener and lover of the outdoors, he’s interested in finding work with the Department of Environmental Conservation or as a park ranger specializing in forestry, and he’s always been drawn to the hands-on coursework of Cobleskill’s Wildlife Management program.

‘I’m a very physical and visual learner,” Rulison said. “Rather than going to a school that they’d rather sit you down for a lecture or sit you in a lab that’s all inside, I’d rather actually be going out and doing things.’”

Albany Inno – This South Glens Falls teacher left her job to start a service for other teachers

“Alissa McDonald doubled her teaching salary in one year through a side business she started during maternity leave in 2019. After more than 14 years as a teacher at the South Glens Falls School District, she left her job earlier this year to help other teachers do the same.

McDonald is the co-founder of PopPD, a startup with a software platform where educators can post video lessons to help other teachers with professional development in the classroom.”

Active Solar picks Route 9 in Malta for corporate headquarters and operations center

“Active Solar Development of Galway wants to construct a $4.95 million headquarters and operations center near Albany-Saratoga Speedway on Route 9 in Malta.

The investment is expected to triple Active Solar’s head count to 86 employees within three years.”


Funding Partners