October 9 2020

Week in Review: October 5 – October 9, 2020

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:


Albany Business Review: Capital Region Chamber, CEG approve affiliation

WAMC: Morning Headlines With Melissa Mangini


Residents gather to plan recreation economy for Cambridge area

“Area residents recently completed a weeklong planning workshop by sharing goals and actions for developing a local recreation economy.

Priorities included developing the Cambridge Community Forest, improving travel connections around the Cambridge area, creating an identity that could attract visitors and connecting local outdoor recreation resources to opportunities in the larger region.”

Bette & Cring wins $23.1 million co-generation plant contract

“Bette & Cring LLC of Latham beat out three companies to win a $23.1 million contract to build a co-generation power plant at the Naval Research Laboratory in Washington, D.C.

It will be the 10th combined heat and power system built by the Latham bridge, hotel and apartment builder since it started a co-generation business in 2007.”

Female entrepreneurs welcome new professional hub in Schenectady

“After graduating from college, Gabby Fisher labored away at an unfulfilling job before quitting and spending several months traveling throughout Europe in search of inspiration.

Conversations with fellow travelers led to the Colonie native eventually starting a tourism marketing company.”

EDC head: Target downstate for new residents, business growth

“Interim EDC Warren County President Jim Siplon wants to focus on attracting new residents and businesses to the area, upgrading broadband infrastructure and improving communication as priorities for the organization.

Siplon, the former chief operating officer of Just Water, was named leader of the agency after the death of Edward Bartholomew in July.”

Does the Capital Region need a tech incubator? Rensselaer’s entrepreneurship director says no

“Jason Kuruzovich thinks the market has evolved out of the need of a tech incubator space.

Rensselaer Polytechnic Institute founded an incubator space in 1980 and closed it in 2010, during which time a number of prominent companies got their start.”

Hochul: Red Barn brings new life to downtown Hudson

“Lt. Gov. Kathy Hochul, accompanied by state Sen. Daphne Jordan, R-46, visited Hudson on Tuesday and toured the city’s Red Barn Project.

The project at 60 South Front St. includes the existing Kitty’s Market and Cafe and outside dining area. It will soon include a restaurant, wine shop and event space next door.”

Hochul visits South River Street project

“A multi-million-dollar project in downtown Coxsackie is “transformative,” Lt. Gov. Kathy Hochul said during an upstate tour Tuesday.

Hochul visited development sites in Coxsackie, Hudson, Fort Edward and Lake Placid.”

Galesi Group wants to build another big warehouse in Rotterdam

“The Galesi Group wants to construct a 200,000-square-foot building at the Rotterdam Corporate Park, the latest investment in response to the strong demand for distribution and warehouse space.

The Schenectady-based company, which owns more than 12 million square feet of warehouse and distribution space in the region, is seeking approval from the Rotterdam Planning Commission for the building on 12 acres on the eastern side of the industrial park at 55 Duanesburg Road.”

Funding Partners