Economic Development Month in Review: August 2017
For the Top Economic Development News of the Month, CEG selects news articles about projects or developments that promise to improve and/or transform the Capital Region’s economy, particularly those that related to manufacturing and initiatives outlined in Capital 20.20, a five-year, multi-pronged plan for bringing economic prosperity to the entire region.
To learn about more the Capital Region’s economic development news from the past month, see CEG’s Economic Development Week in Review posts:
Dimension Fabricators installs $1.9 million solar array
“A Glenville company that makes rebar for the construction industry on Thursday unveiled a $1.9 million rooftop solar array that is expected to reduce energy costs significantly.
….At Thursday’s event, the Center for Economic Growth in Albany, a regional economic development agency, announced it will work with NYSERDA on a program to make it easier for businesses and manufacturers to explore the costs and benefits of going solar.”
“George Badcock is negotiating a contract that would expand Hacker Boat Co. Inc.’s sales pipeline throughout Europe and require the mahogany boat maker to double production in the next year.
Badcock, 68, is the president and chief executive of a 109-year-old Silver Bay, New York, company that has hand-made boats for 2017 Daytona 500 winner Kurt Busch, clothing designer Tommy Hilfiger and the royal family of Thailand.”
Saratoga Juice Bar’s reach grows as retailers stock up
“Colin and Christel MacLean are moving out of their one remaining non-juice venture to devote full attention to their Saratoga Juice Bar and the line of cold-pressed juices that bears the same name.
The couple, who’ve operated four restaurants in the city, listed their last remaining eatery, the Circus Cafe, for sale last week. This comes as the MacLeans have in rapid succession expanded their product line, added a West Coast production facility and reached deals to put their juice in more locations of more stores, locally and around the Northeast.”
Hudson gets $10 million for downtown revitalization
“The city will receive $10 million from the state to revitalize its downtown district, Gov. Andrew Cuomo said Tuesday.
Cuomo made his announcement just after noon at Hudson Hall, the historic location of Hudson’s Opera House, before a theater of about 100 local officials, business owners and residents.”
Saratoga gets most investment of any county in the state
“Saratoga County has been known as the fastest-growing county by population in upstate New York for years and it’s been a summer tourism stop for decades.
Now, according to a recent report, it can claim another honor in the state: The county receiving the most incoming investment.”
Galesi to build warehouse as telecom firm considers expansion
“Communications Test Design Inc. is considering its second expansion since moving into the Glenville Business & Technology Park in Glenville, New York, three years ago.
The Galesi Group is seeking town approval to build a 98,000-square-foot manufacturing and warehouse building on a 7.5-acre portion of the technology park where CTDI has employed more than 125 people since 2014.”
Press manufacturer expanding to Schenectady County
“Bruno Associates is preparing to build a new headquarters and manufacturing site at the Schenectady County Airport Business Park in Glenville, New York.
Co-founder Bob Bruno Sr. plans to purchase 2.11 acres off Tower Road, just north of the Schenectady County Ice Rink, for $180,000.”
More construction coming to Glenville industrial park
“Progress continues at the Glenville Business and Technology Park, where a building will be constructed, an old building may be reused, and the county is seeking to buy 40 acres from the federal government for further development.
The town of Glenville Planning and Zoning Commission on Monday approved construction of a 98,000-square-foot building by the Galesi Group, which owns a significant chunk of the former Scotia Naval Depot. The Galesi Group is undertaking the $5 million project on spec — it has no tenant lined up for the space and expects no trouble finding one when construction is complete.”
Taconic moving headquarters to East Greenbush
“Taconic Biosciences, the longtime Columbia County firm that breeds mice and rats for lab experiments, is moving its headquarters to the University at Albany’s health sciences campus in East Greenbush by the end of the year.
Taconic, which already has operations at the UAlbany health sciences campus, currently has its headquarters in the city of Hudson.”
Former GE factory drawing interest from manufacturers, wholesalers
“The former General Electric locomotive turbocharger refurbishing plant in Latham, New York, is drawing interest from manufacturers and wholesalers.
Craig Darby of CBRE-Albany said close to 20 potential buyers have inquired about the 4.4-acre site since the list price on the property was reduced by $600,000 to $2.9 million six weeks ago.”
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