CEG Economic Development Week in Review December 4-Decembr 8, 2023
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CEG IN THE NEWS
Chamber Executive: Forty under 40
REGIONAL ECONOMIC DEVELOPMENT NEWS
Syracuse developer to revitalize Glenville Navy Commissary Building
“A Syracuse developer has purchased and plans to develop the long-vacant Navy Commissary building here.
The 120,000-square-foot structure dates to World War II when the Navy, post-Pearl Harbor, was moving material away from the coast due to fears of bombing raids.”
Community Loan Fund’s Albany Coliseum renovation gets funding for first phase
“The $800,000 grant will offset the costs to install an elevator, put bathrooms on all four floors, and replace the decades-old roof.
Other work will be done in later phases. The Community Loan Fund anticipates the total investment will be about $3 million.”
Albany College of Pharmacy awarded $625,000 for incubator
“The Albany College of Pharmacy and Health Sciences has been awarded $625,000 in state funding to launch its new business incubator program.
The grant, which will help pay for start-up and operating expenses, will be disbursed over five years through Empire State Development and its Division of Science, Technology and Innovation, also known as NYSTAR.”
Vanguard-Fine’s Lear Jet Lane warehouse project will be all electric
“There’s something different about the office/warehouse being built at 2 Lear Jet Lane in Latham.
The 12,000-square-foot building — the first of three warehouses totaling 54,000 square feet that Vanguard-Fine LLC of Guilderland will construct there — will be heated with electric-powered heat pumps.”
Weather Risk Center to enhance emergency management in New York
“The University at Albany on Thursday unveiled a new Weather Risk Communication Center, which is described as a first-of-its kind collaboration between university researchers and state emergency managers who deal with severe weather events.
With an annual $1.5 million investment, the center will serve as a clearinghouse for critical weather information and develop new tools to help emergency managers make more-informed decisions to protect communities from weather-related hazards.”
