February 25 2022

Week in Review: February 21 – February 25, 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:


International travel powers new business at Schenectady testing lab Innovative Test Solutions

“ITS is an accredited lab that gets contracted to test new mechanical products made by a wide variety of other companies. Industries the company works with include auto, medical, aerospace and renewables.

After a slower than normal start to 2022, McEvoy said business seems to be picking up once again, particularly from the aerospace industry.”

CanCode Communities opens new location in Albany

“The CanCode Communities, a nonprofit that trains people for software career opportunities, has opened a new training facility on Warren Street.

The new office is in the same location where CanCode hosts coding courses with Capital Region BOCES, which operates it. The space is owned by the Albany Housing Authority, and will help the nonprofit to continue to provide “underrepresented individuals with pathways to technology education and careers,” the group said in a press release.”

Wolfspeed backs semiconductor workforce training at Albany NanoTech Complex

“Another semiconductor company in the Capital Region is investing to expand workforce training programs at SUNY Polytechnic Institute.

SUNY Poly said Wednesday that Wolfspeed (NYSE: WOLF) is donating $250,000 toward new high-tech equipment and expanded programs meant to prepare students, especially those from underserved backgrounds, for the company’s future workforce needs.”

Employee-owned Schenectady Steel prospers during pandemic as companies ramp up projects

“Even during the pandemic, business has been good for Schenectady Steel Co. Inc. in Rotterdam, a structural steel fabrication company that will celebrate its centennial in 2024.

“We were really fortunate because we were working on schools and pharmaceutical projects in 2020. We were deemed an essential business,” said company president Claudio Zullo.

Dimension Fabricators churning out tons of rebar as infrastructure spending gets set to soar

“When talk turns to investing billions in public infrastructure, places like Dimension Fabricators are where the rubber first meets the road.

You can’t build anything without a good foundation, and every hour Dimension turns tons of steel reinforcing bars into the skeletons of foundations that will hold structures steady and solid for decades to come.”

Funding Partners