CEG Economic Development Week in Review May 27 – May 31, 2024

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:

REGIONAL ECONOMIC DEVELOPMENT NEWS

Colonie supervisor to split town economic development and planning functions

“Colonie Supervisor Peter Crummey is creating a new position in town government to oversee economic development that’s separate from the planning director — a change he said is needed to better manage the workflow.

“’My observation here is that was too much for one person to do,” Crummey said. “You either have a planning department or economic development. For one person to be both, it’s not fair, because ultimately it’s hard to do both jobs well. I believe in transforming our process here.’”

Cohoes will spend nearly $10 million in state funds on 11 projects

“Converting a historic bank into the new Cohoes Public Library, adding new apartments to the downtown Remsen Street corridor and investing in the city’s arts are major projects expected to be financed with the nearly $10 million in state Downtown Revitalization Initiative projects approved by the state.

‘It will be terrific for downtown Cohoes,’ Mayor Bill Keeler said.

The state-backed 11 projects that will share the nearly $10 million investment.  The amount of money spent will be 50 percent to 100 percent higher due to the matching funds required from private investors, Keeler said.”

Kinderhook, Cambridge and Coxsackie see 19 projects approved by state

“The NY Forward program for the state’s small and rural communities approved funds for 19 projects in the villages of Kinderhook, Cambridge and Coxsackie.

The seven projects in Kinderhook include:”

Boutique, general store on Main Street in Greenwich

“Over the years, Main Street in this quaint Washington County community has had its troubles with vacant storefronts — businesses that didn’t catch on or were crushed by the pandemic. A massive downtown fire in 2022 also dampened its vibrancy, leaving a glaring hole in the historic streetscape.

Yet two Greenwich families — the Graves and the Grillos — are seeking to revitalize downtown with two new businesses that officially open Saturday along the commercial corridor. Both owners say their shops — a clothing boutique and general store — are filling a need in the community with well-curated affordable, styles and locally sourced food and gifts. Moreover, Gina Grillo, the owner of Whistles, Bells and Bottoms, said both will help Greenwich to become a destination.”