CEG Economic Development Week in Review July 29 – August 2, 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

Latham Group buys Coverstar Central for $64.5M

“Fiberglass swimming pool maker Latham Group Inc. has purchased Coverstar Central, a multistate dealer of the Latham-headquartered manufacturer’s automatic safety covers, for $64.5 million, the company said Tuesday.

The all-cash deal closed on Aug. 2, according to Latham Group (Nasdaq: SWIM).”

NBT Bank leases space at 677 Broadway in downtown Albany

“NBT Bank has leased a floor of the prominent 677 Broadway office building in downtown Albany to accommodate its growing non-retail workforce.

The Norwich-based bank expects to move more than 40 employees, including commercial banking and wealth management teams, into the 15,000-square-foot space by the end of the year, regional president Ruth Mahoney and commercial banking executive Alfred Testa told the Business Review.”

Amber Rangel is National Grid’s new director of New York workforce development

“Amber Rangel has a career pattern of firsts.

She has pioneered workforce development roles at the Center for Economic Growth, FuzeHub, the Business Council of New York State, Empire State Development and, now, National Grid.”