December 28 2020

Week in Review: December 21 – December 25, 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:


Troy Record: Capital Region has 40 FDA-registered drug establishments

Saratogian: Capital Region has 40 FDA-registered drug establishments

Times Union: Capital Region received $2 billion in federal business relief


Mixed Breed Brewing set to open in Guilderland this April

“A new brewing company is coming to the Guilderland in April.

Led by majority owner Guy Bucey, five co-owners are investing about $1 million to establish Mixed Breed Brewing at 457 State Route 146.”

Saratoga County gets $121M in new investment from manufacturers and developers

“A magazine printer, real estate developers and manufacturers of robotic equipment wagered heavily on Saratoga County this year, deciding to expand at a time when many industries are cutting costs amid the pandemic.

Saratoga Economic Development Corp. worked with 11 companies and developers this year who collectively are investing $121.4 million to build or expand their presence in Ballston, Clifton Park, Halfmoon, Saratoga Springs and Stillwater.”

SpaceX has potential to get Hilltowns up to speed

“illtowns residents are being told that Elon Musk, the outspoken inventor and technology investor who started Tesla and SpaceX wants to help them speed up their participation in the digital age.

SpaceX recently won $886 million in subsidies from the Federal Communications Commission to build out its satellite internet broadcast system called Starlink to 642,925 new potential customers in 35 states, including New York.”

Capital Region businesses hoping for stimulus package

“With 12 million people set to lose their unemployment benefits on the day after Christmas, local business leaders say they are crossing their fingers that Congress will pass a new COVID-19 stimulus bill that would restore those benefits as the pandemic continues to rage across the country.

A new Capital Region Chamber of Commerce survey of more than 200 members found that more businesses are having doubts about whether they will be forced to lay off workers in the coming year.”

Dagget Lake And Campgrounds Sells For $2.8 Million, New Owners To Keep Existing Use

“Dagget Lake Campsites and Cottages in the town of Thurman has been sold.

Mitch Muroff of Muroff Hospitality Group said owners Tom Near and Pamela Finnegan sold the property at 660 Glen Athol Road in Thurman for $2.8 million.”

BOCES get OK for new buildings in Colonie

“The Planning Board, by unanimous vote, gave final site plan approval to Capital Region BOCES to construct two new buildings on Watervliet Shaker Road.

One 167,000-square-foot building will be home to a new Career and Technical Education Center, currently located about a mile away on Watervliet Shaker, and the second will be a 43,000-square-foot home to the Maywood Special Education School, currently located at 1979 Central Ave.”

Funding Partners