February 21 2020

Week in Review: February 17 – February 21, 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:


Times Union: How to position Capital Region for a prosperous future


Now open: Bound by Fate, Schuylerville’s first brewery

“What is believed to be the first brewery in Schuylerville’s history formally opened its taproom in the village last weekend at 31 Ferry St., former home to Revolution Cafe.

Called Bound by Fate, the brewery proper is located in the carriage house of a historic Broad Street home called 9 Gables. Bound by Fate is a multigenerational project of Randy and Maureen Demler and their adult children, Brett, Evan, Ryan and Pam, all of whom have experience in the hospitality and brewing industries.”

Fresh batch of proposed projects revealed for $10M Schenectady DRI

“The cattle call is over for the scrum of private developers, non-profits, quasi-governmental agencies and city residents chomping at the bit for a chunk of $10 million in state economic development grant funding.

Proposals now being weighed by consultants and a panel of local decision-makers as part of the Schenectady Downtown Revitalization Initiative (DRI) include requests for smaller, community-oriented public art projects like murals and statues.”

Experts join RPI-IBM AI research collaboration

“Four experts in diverse aspects of artificial intelligence have joined Rensselaer Polytechnic Institute as part of the Artificial Intelligence Research Collaboration (AIRC), a recently formed joint initiative of Rensselaer and IBM Research.

“The addition of these faculty is expanding our interdisciplinary cohort of AI researchers across the entire campus. We expect these four outstanding faculty members are the first wave of hires who will increase our capabilities for AI and machine learning research across all five of Rensselaer’s schools,” James Hendler, director of the AIRC, and a Rensselaer Tetherless World Professor of Computer, Web, and Cognitive Science said in a news release.”

UAlbany is asking the state to invest $20 million. The return: A lot of new engineers

“The University at Albany is asking legislators for $20 million in this year’s state budget to help finance renovations for the future home of the College of Engineering and Applied Sciences.

This is the fifth time UAlbany has requested money from the state to help pay for work on the vacant Schuyler Building — the former Albany High School at the corner of Western and North Lake avenues.”

DRI Committee moves forward on waterfront projects

“The Downtown Revitalization Initiative Committee is moving forward on three of its projects.

In 2017, Hudson was selected as the winner of the $10 million Downtown Revitalization Initiative from the Capital Region Economic Development Council to use on the western side of downtown Hudson.”

Plug Power teams up with Colorado firm to make zero-emission delivery trucks

“Plug Power and Lightning Systems of Colorado are teaming up to make the world’s first electric, fuel-cell powered delivery truck.

The Latham, New York, manufacturer will tie its hydrogen fuel cell engines to Lightning Systems’ electric drivetrains and batteries, producing trucks with a delivery range in excess of 200 miles.”


Funding Partners