CEG Economic Development Week in Review December 30, 2024 – January 3, 2025

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

Regeneron, Plug Power and GlobalFoundries have major projects in the pipeline

“Three of the region’s biggest manufacturers – Regeneron, Plug Power and GlobalFoundries – made big news in 2024 and next year could be similarly eventful. Below is a closer look at what 2025 might bring for each company.”

National Semiconductor Technology Center will take shape in 2025

“The Capital Region landed a major prize in 2024 when the Albany Nanotech Complex was named one of the locations for the federal government’s National Semiconductor Technology Center.

Now, in 2025, what that win actually means for the region will start to take shape.”

AngioDynamics sells Queensbury, Glens Falls facilities

“Latham-headquartered medical technology company AngioDynamics Inc. recently sold facilities in Queensbury and Glens Falls for a total of $6.65 million, according to property records.

But it no longer plans to leave Warren County entirely.”

A look at noteworthy regional development projects of 2024

“From groundbreakings to ribbon cuttings, 2024 saw its fair share of development news in the region.

It was also the year that long-simmering projects made major advances and millions in public funding was announced, including $1.5 billion for a second GlobalFoundries fabrication facility in Malta that is expected to create 1,000 manufacturing jobs.”

New CEOs for Finch Paper, Twin Rivers Paper Co.

“Glens Falls manufacturer Finch Paper has named Drew Gardner as its new CEO.

Gardner, who became the company’s president and CFO in April, will succeed Debabrata Mukherjee, who has served in the top executive role since 2013.”