December 10 2021

Week in Review: December 6 – December 10, 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:



Work on 5G tech at GE Research may benefit community as well

“There is a lot of talk these days about 5G, the next-generation, super-fast wireless network that the cellphone industry has been promoting for years now as a game-changer for its customers.

Mobile carriers have been rolling out the new technology – which uses wider bandwidth than previous networks, allowing for faster speeds and the movement of larger amounts of data – as fast as they can, targeting larger cities across the country first for the most part.”

Albany marked a crypto-hiring standout, primed for becoming a hub

“It’s possible Albany is on the verge of becoming a cryptocurrency hub seeing Bloomberg just listed it as the number ten standout city in the United States for crypto-related job hires.

Bloomberg’s report looked at a LinkedIn analysis of the site’s members who began new positions with job titles, including certain keywords such as blockchain, crypto, bitcoin, Solidity or Ethereum. The dataset specifically recognized crypto specialists over the first nine months of the year Bloomberg noted. “Cryptocurrency” is the broad term for a digital medium of exchange that is different than traditional currency.”

Edwards Vacuum, DPS Group, SEMI investing in semiconductor training at SUNY Poly

“SUNY Polytechnic Institute and a group of companies said Wednesday that they’re collaborating to develop more talent for the semiconductor manufacturing industry in the Capital Region and New York state.

The Career Alignment Platform initiative is in collaboration with companies Edwards Vacuum; TEL Technology Center, America; DPS Group and SEMI.”

Schumer pushes for $30M to go to port for wind turbine plant

“U.S. Senate Majority Leader Chuck Schumer is pushing U.S. Transportation Secretary Pete Buttigieg to approve a $29.5 million grant for the Port of Albany’s offshore wind turbine tower manufacturing project planned for Glenmont.

The Port of Albany is in the process of getting government approvals for the $350 million project, which will be located on land on the Hudson River known as Beacon Island, just south of Albany.”

Funding Partners