Week in Review: January 9, 2023-January 13, 2023
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“The Port of Albany is creating a business entity that will own the land and assets at Beacon Island, the site of the state’s $350 million wind turbine tower manufacturing project.
The Albany Port District Commission voted last month to create a limited liability company, or LLC, that would own Beacon Island.”
“After a taxing year of inflationary pressures and pandemic-related supply chain issues, small businesses in Albany might be able to find relief through a new grant program designed to support post-COVID recovery efforts in the city.
Businesses can now apply for funding through the Small Business Improvement Grant (BIG) program, which will make up to $750,000 in flexible, recoverable and reimbursable capital grants available to eligible applicants. Mayor Kathy Sheehan and members of Capitalize Albany, the city’s economic development organization, announced the creation of the program at an event Wednesday morning at the Albany City Hall.”
“Researchers at General Electric Co. are working to develop next-generation batteries that can last virtually forever and resist corrosion through metallic regeneration.
The new batteries are being developed at GE Research in Niskayuna, which is GE’s main research lab, as part of a Department of Defense project to create more long-lasting and durable batteries.”
“Small businesses in Albany that need help paying for capital improvements such as interior or exterior renovations, machinery, furniture and equipment can apply for grants under a new city program.
The Small Business Building Improvement Grant (BIG) program will provide up to $25,000 in assistance to business owners, Mayor Kathy Sheehan announced Wednesday.”