CEG Economic Development Week in Review March 17 – March 21, 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:

CEG IN THE NEWS

News 10 ABC: Report: Capital Region is the 3rd fastest growing region in NY

News Radio 103.1: Capital Region Sees Population Surge in 2024

Daily Gazette: Schenectady Central Park 8th graders top video contest

RTO Insider: Fate of Wind Tower Manufacturing Site in Albany Uncertain

REGIONAL ECONOMIC DEVELOPMENT NEWS

As global chip sales soar, will spending under CHIPS begin?

“Global computer chip sales hit $56.5 billion in January, a record for the month, the Semiconductor Industry Association revealed.

That follows a record year of sales in 2024 when worldwide chip sales hit $627.6 billion.

So are chip companies ready to start building under the $52 billion CHIPS and Science Act?

GlobalFoundries has.”

Albany soccer stadium plan adds new partners and potential USL teams

“The small group of local businesspeople who want to build a large mixed-use development anchored by a stadium in downtown Albany have made several major changes since announcing their plans nearly a year ago.

They dropped MLS Next Pro, a men’s development league for Major League Soccer, in favor of bringing women’s and men’s teams that would play in a fast-growing, competing professional soccer league, USL.”

New Saratoga condos near Congress Park would look like historic hotel – Albany Business Review

“A Saratoga Springs couple is looking to build a new condo development on the city’s east side that ties back to a historic hotel that used to be on the property.

Vincent and Katherine LaTerra have filed plans with the city to build an 18,500-square-foot condo building with six units on a undeveloped corner lot at Park Place and Cottage Street in the neighborhood between Congress Park and the Saratoga Race Course.”