Week in Review: October 18 – October 22, 2021
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“In early May 2007, nearly 900 people packed into a ballroom at the Saratoga City Center for one of the most anticipated business gatherings in years.
The Saratoga Economic Development Corp., the nonprofit that owns the Luther Forest Technology Campus in Malta, was holding its annual dinner.
But this night wasn’t going to be your usual chamber of commerce chicken dinner. It was special.”
“Solar developers, start your batteries: Ballston is ready for the future.
The Town Board passed new solar legislation this week that allows solar development, though with significant restrictions. The main one: acres of solar panels must be screened so that they can’t be seen by anyone off-site.”
“As climate change and aging infrastructure cause more severe electrical outages across the United States, researchers at General Electric Co. believe they have come up with a new solution that could reduce outage times and offer new solutions for adding more renewable energy sources to the electrical grid at the same time.
The solution is what is known as a “flexible” transformer. Transformers look like large boxes that are installed at utility substations. They help take high-voltage electricity generated at power plants as well as wind and solar farms and regulate it for use on the utility’s delivery system that brings power to homes and businesses.”
“The Pocketbook Factory project cannot go forward without Hudson Industrial Development Agency assistance, the project’s economic consultant said Wednesday. Victoria Storrs, economic consultant for the developers Sean Roland and Gabriel Katz, broke down numbers specific to the city of Hudson”
“It’s the end of an era for the Tobin’s First Prize property. The long-time blight is being knocked into concrete rubble after sitting in a decrepit state for decades.
Residents passing by the Exchange Street property can see bulldozers and wrecking balls tearing away at the remnants, leaving it in piles of debris, but its main structure still stands.”