CEG Economic Development Week in Review – December 25 – December 29, 2017

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CEG IN THE NEWS

Times Union: Innovate 518 plans to use $1.25 million grant to expand offerings

REGIONAL ECONOMIC DEVELOPMENT NEWS

Capital Region economy reflects gains, struggles

“Economic growth slowed in the Capital Region in 2017 as uncertainty about the outlook for its technology, manufacturing and higher education sectors grew.

Would a new administration in Washington continue to support funding for such agencies as the National Institutes of Health? Would tax reform hurt sectors such as higher education that are critical to the region’s economy?”

Downtown Troy developer won a $4 million state grant. Now what?

“David Bryce won New York’s largest grant in the Capital Region during the state’s annual money competition earlier this month, but he’s not ready to describe exactly what he’ll do with it.

“We’re having a crazy demand with tenants … The quality of the tenants we’re fielding questions from is really shocking,” said Bryce, one of the largest property owners in downtown Troy.”

Paradox Brewery expanding northward

“Paradox Brewery unveiled its design plans for its second location in the Adirondack Park late last week.

The Schroon Lake brewery is planning to invest $2.8 million and create 22 new jobs in North Hudson as part of the “Gateway to the Adirondacks” Exit 29 proposal.”

Why this biotech firm moved its headquarters to the Albany region

“Recruiting biologists and customer service representatives just got a lot easier for David Lester.

That was the main reason why Taconic Biosciences moved its headquarters 30 miles last month from Hudson, New York, to the University at Albany’s Health Sciences Campus in East Greenbush.”