CEG Economic Development Week in Review – January 8 – January 12, 2018

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CEG IN THE NEWS

Times Union: CEG Research Shows Region Riding Wave of Federal Life Sciences Funds

REGIONAL ECONOMIC DEVELOPMENT NEWS

More building projects seen in Queensbury in 2017; Pace expected to continue this year

“Developers spent 25 percent less last year on their projects, but the building boom continued in Queensbury with even more projects than in 2016.

“More projects. Less expensive projects,” summed up Building Director Dave Hatin.”

Former Tobin First Prize plant could (finally) be demolished this year

“The former Tobin First Prize meatpacking plant in Albany County, New York, will finally be demolished this year to make way for up to 2 million square feet of retail space, offices and apartments if the developers secure state grants and other financial assistance.

Richbell Capital, which has the 32-acre property under contract, has made significant progress laying the groundwork to tear down the abandoned buildings and smokestack that have been an eyesore for many years off Exit 5 of Interstate 90.”

Fire suppression business seeks to build in Queensbury

“A Waterford-based company wants to build in Queensbury to create room for a small manufacturing operation.

Alltek Energy needs space to fabricate pipes for fire suppression sprinkler systems. The company acquired a Fort Edward fire suppression company three years ago and has been renting space in Queensbury ever since, but now it’s time to expand.”

Economic Development Initiative Brings $7.9M To Warren, Washington Projects

“Some $7.9 million in economic and community development funding was awarded to projects in Warren and Washington counties through Round VII of the New York state’s Regional Economic Development Council initiative.

The funds include money going to the village of Lake George and Warren County for projects that will ultimately help protect the lake’s water quality.”

Renovation Of The Park Theater Nears Completion, Expected To Open In February

“Over a century after it was first built, the Park Theater in Glens Falls will soon re-open its doors to a new generation of audiences.

Elizabeth Miller, CEO of Miller Mechanical Services Inc. in Glens Falls, purchased the building in 2014 with the hope of restoring the space as a multi-functional community venue and theater.”

West Mountain owner makes upgrades

“Spencer Montgomery can’t make West Mountain taller or bigger, but he’s invested a small fortune to make the most of what’s there.

Expanded snowmaking and a 500-foot-long, stand-up “magic carpet” that carries people uphill for tubing and ski lessons are the latest improvements he’s made since purchasing the Queensbury ski center four years ago.”