CEG Economic Development Week in Review October 9 – October 13, 2023

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

Albany County seeks redevelopment interest for South Pearl Street complex

“Albany County wants to redevelop a site in Albany’s South End neighborhood where local government offices including the Department of Health and Board of Elections are located.

The county late last month issued a request for expression of interest (RFEI) for the 4.6-acre site at 260 South Pearl St. that includes two office buildings and 300 parking spaces.”

Former Sabre Technical property in New Scotland sold to sheet metal fabricator

“A sheet metal fabricator in Troy bought a building in the town of New Scotland where it plans to expand the business.

V.M. Choppy & Sons bought the property at 1891 New Scotland Road, just west of the Slingerlands hamlet, from Sabre Technical Services LLC.”

Tourism soars in Greene County, sets records

“Travelers to Greene County spent an estimated $283 million in 2022, up $52 million from a year earlier and $90 million more than in 2019 before the pandemic, according to a report released by Tourism Economics, an Oxford economic company that monitors tourist activity around the globe.”

River Street building in Troy could become apartments, commercial space

“The owners of 155-157 River St. in downtown Troy — a mostly-vacant, multi-story building with views of the Hudson River — are seeking tax exemptions to offset a conversion into apartments and commercial space.

155 River Front LLC wants to have 18 to 22 market-rate apartments on the upper floors and 5,000 square feet of commercial space, according to an application submitted to the Troy Industrial Development Authority.”

Albany airport gets two bids for terminal expansion

“Two construction bids were submitted by contractors competing for largest phase of the $100 million terminal expansion at Albany International Airport.

MLB Construction Services LLC of Malta bid $44.63 million.”
Plug Power continues push to become hydrogen economy’s king

“An “inflection point” is near.

That was the recurring theme Wednesday during the Plug Power symposium. The annual event — held this year at the company’s shiny new factory and office space at the Vista Technology Park in Slingerlands — gathered hundreds of investors, analysts and industry folks to talk about the future of the hydrogen economy.”