Week in Review: July 27 – 31, 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:

CEG IN THE NEWS

Daily Gazette: Duncan, key member of COVID-19 response, retiring from Saratoga County Public Health

REGIONAL ECONOMIC DEVELOPMENT NEWS

Hoffman Car Wash expands market, building new headquarters

“Tom Hoffman Jr. has secured $10 million in financing as he expands his Hoffman Car Wash chain and constructs a new headquarters and warehouse on Kairnes Street in Colonie.

Hoffman hired J. Luke Construction of Rotterdam to build a 25,500-square-foot, $3.5 million headquarters that is expected to be complete by October.”

Former water company head will lead EDC of Warren County

“Jim Siplon has been appointed interim president of the Economic Development Council of Warren County, following the death of Edward Bartholomew last week.

Siplon serves on the board of the council and was the chief operating officer of Just Water in Glens Falls before retiring earlier this year.”

Tax incentives in works for three major Schenectady projects

“The city’s Industrial Development Agency will begin negotiating property tax incentives for three major construction projects with a combined budget of nearly $100 million

The decision at Friday’s IDA meeting was expected, and the Payment In Lieu Of Taxes deals that will be struck are an important part of the financing for Phase II of Yates Village, the YWCA’s new building, and a new apartment/retail building in the heart of downtown Schenectady.”

SUNY Poly researcher awarded $450K grant to study heart failure therapies

“SUNY Polytechnic Institute Associate Professor of Nanobioscience Ben Boivin will receive a $450,000 grant from the National Heart, Lung and Blood Institute to develop therapies to prevent cardiac hypertrophy and, eventually, heart failure and death.

“I join the SUNY Poly community in congratulating Dr. Boivin on his award, which showcases SUNY Poly’s ability to engage in meaningful areas of research to preserve the health of individuals who are at risk for developing heart disease,” said SUNY Poly Interim President Dr. Grace Wang.