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Local Albany Business Headlines

Capital Region awarded $83.1 million in state economic development funds
The Capital Region today was awarded $83.1 million in grants and tax credits for economic development projects, a "top performer" during the latest round of Gov. Andrew Cuomo's statewide funding competition. The amount was the second highest of the 10 regions across the state that received funding. The Mid-Hudson Valley won the highest amount, $83.3 million. The Capital Region and Mid-Hudson Valley were also two of the five "top performers" in the competition. New York City, which has received…
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Masonry maker expanding to Albany area with distribution center
Nicolock, which makes and distributes paving stones and retaining walls, is opening a new distribution center in Cohoes, New York, to allow it to more easily do business in the Capital Region. The Long Island company has signed a lease for 2.5 acres at 1 Mustang Drive. "We’re branching out a little bit. We wanted to bring the products a little farther north,” said Barbara Kohn, director of real estate for Nicolock. "We haven't done the northern area of New York … we're getting a call for…
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Year in Review: The 16 most-read stories of 2016
The 16 most-read stories of 2016 on the Albany Business Review website have been about topics from General Electric to Price Chopper to President-elect Donald Trump. Our analytics tell us how many people have read each story we post. It gives us direct access to what our readers find important and entertaining. See the most-read stories of 2016 in the slideshow above and read them again by clicking the links. Make sure to check our website all month as we continue our look back on the year, including…
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CDPHP, St. Peter's reach contract agreement
The area's largest hospital system, St. Peter's Health Partners, and insurer CDPHP have reached a new contract agreement, according to a press release. The agreement allows CDPHP members to continue receiving services from St. Peter's locations. St. Peter's of Albany, New York, was No. 1 on the Albany Business Review's recent Hospitals List, ranked by number of patient days. It was also ranked No. 1 on the List of private-sector employers, with 8,279 full-time and 3,854 part-time local employees. CDPHP,…
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Fort Edward manufacturing jobs hinge on New York City subway contract
China Railway Rolling Stock Corp. (SHA: 601766) plans to build a manufacturing plant on the banks of the Champlain Canal in Fort Edward, New York, if it wins a contract to make 1,025 subway cars for the New York City transit system. CRRC, one of the world's largest rail car equipment makers, has a tentative agreement to buy 32 acres in the Fort Edward Industrial Park where it plans to assemble and test subway cars on a two-mile test track. The land is part of the dewatering site where contaminated…
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Daily Gazette debuts new website
The Daily Gazette has a new website after months of developing the redesign with Overit, a digital marketing agency based in Albany, New York. The new site is one of several strides Betsie Hume Lind, the 65-year-old great-granddaughter of the paper’s founder, is taking to make the family-owned Schenectady newspaper a more viable business. Under Lind, her husband, Henry, and her brother, William Hume’s ownership, the Gazette is making significant investments to compete in an industry beset by…
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Gershon's Deli closes second location
Gershon's Deli & Caterers has closed its second location at Galleria 7 Market on Route 7 in Latham just a few months after it opened. The popular New York City-style delicatessen has been a fixture in Schenectady, New York since the 1950s. The decision to close the second spot comes after Tony Lauria, owner of Gershon's Deli, died in September at the age of 62. Lauria's daughter, Toni Nelson, has been running the business since then. Lauria opened the second location in August with the same sandwiches,…
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Open space group will try stopping Shenendehowa land sale to BBL
The Shenendehowa board of education's decision to sell 34 acres of wooded land in Clifton Park, New York, to BBL Construction Services could be stopped by a community referendum that an open space group will try to organize. The group will try to collect enough signatures to force a public vote on the sale of the undeveloped property off Moe Road near Shatekon Elementary School. Additionally, the group is seeking legal advice on whether there are grounds to sue the school board for the way it handled…
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New airline and another nonstop flight coming to Albany
Albany International Airport will soon offer nonstop flights to and from Pittsburgh. OneJet of Pittsburgh will start nonstop flights between Albany and Pittsburgh International Airport in March. Albany International doesn't currently offer direct flights to the Pennsylvania city. OneJet was founded in 2015 and currently offers Pittsburgh service to Cincinnati; Hartford, Connecticut; Indianapolis; Louisville; Milwaukee. The small airline company — its fleet consists of six planes— operates…
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Year in Review: Albany Business Review's front pages in 2016
Each week, the Albany Business Review's front page is the culmination of countless hours of work by our editorial team. By the time it ends up in the hands (or on the phones, monitors and tablets) of our readers, it has been discussed and edited at length. The final product is something we are proud to stamp with the name Albany Business Review and send to you. Check out the last 49 weeks of covers, from Wolf Road 2.0 to Best Places to Work, in the slideshow above. To see last year's covers,…
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