Week in Review: March 28 – April 1, 2022
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“Companies in the Capital Region are continuing to give up their office spaces, but for those that still own their own servers, where do those go?
There’s a company in Albany that wants to house them.”
“Capital Roots is nearing the final stretch of construction for its expanded market and urban grow center but needs to raise more money for it despite recently being awarded $750,000 in federal dollars for the project.
The nonprofit set out to complete the project at 594 River St. over a decade ago and expects it will be completed by the end of November.”
“Cailean Mackay and the Luther Forest Corp. are proposing to develop a $60 million park in Stillwater that could bring hundreds of manufacturing, warehousing, research and office jobs to town.
The proposed Luther Forest Business Park would be located on a 62-acre section of the roughly 3,300-acre real estate portfolio the Mackay family has managed in Saratoga County since William McKinley was president of the United States. The family has operated a wide range of businesses since 1898 including a logging operation, a private water company, a golf course and housing development.”
“A Catskill studio has been greatly bolstered by an influx of film and television productions thanks in part to a state tax incentive program.
Lumberyard Studios on Water Street in the village was founded in 2018 as a nonprofit theater space and its status as the only Qualified Production Facility in Greene County has turned the site into a local bastion of film and TV shoots.”
“The Planning Board, by unanimous vote, gave Amazon the final OK to build a last mile delivery station at a former manufacturing plant off Route 9.
The plan would renovate the now vacant Precision Valve Automation building on Mustang Drive to accommodate the 24-7 operation that is designed to be busiest outside the peak a.m. and p.m. travel times.”
“The majority of business at Jahnel Group may soon be in the video game industry.
At least that’s where the trend of projects seems to be headed, said Jason Jahnel, chief operating officer of the Schenectady software development firm.”
“The Advance Albany County Alliance wants to be ready when businesses are scouting locations for large economic development projects.
That means knowing which sites are shovel-ready — in other words, most of the engineering and municipal approvals are completed so construction can start relatively quickly.”
“During the early days of the pandemic when people had a lot of free time, some started side projects to generate extra income. Tom Nardacci wants to help owners learn how to maintain those small businesses long term.
One of his coworking spaces, the Troy Innovation Garage, is starting a new six-week accelerator program for small businesses in the Capital Region.”