Daily business news in the Great State of New York!
Governor Kathy Hochul announced $100 million for phase one of the decarbonization of the Empire State Plaza in the state capital of Albany. The Empire State Energy Infrastructure Master Plan outlines a phased approach to reduce the state and local environmental impacts of the Plaza’s operations. This critical funding will facilitate the electrification of the […]
LATHAM – Community Care Physicians PLLC (CCP) and CDPHP have officially opened the doors to their 263,000 square foot, state-of-the-art medical arts complex, aptly named Wellness Way. The new facility is also the new headquarters for CCP and CDPHP and is located in Latham, a suburb of Albany. Wellness Way is a symbol of the […]
WHITE PLAINS — The New York Power Authority (NYPA) has expanded upstate fast-charging options in advance of the busy summer travel season, making it easier and more convenient to drive an electric vehicle (EV) on the Northway (I-87) in the Adirondack Park and in the Capital Region. The additional locations extend New York State’s largest […]
Governor Kathy Hochul and Netherlands Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher announced a new partnership last week to strengthen innovation and collaboration in the semiconductor industry between the Netherlands and New York State during the royal visit by Their Majesties King Willem-Alexander and Queen Máxima of the Netherlands. The partnership, formalized in […]
Governor Kathy Hochul announced the official opening of a first-of-its-kind, world-class electric grid and power systems laboratory based at NY CREATES’ Albany NanoTech Complex, the nation’s most advanced non-profit semiconductor research and development facility. The Advanced Grid Innovation Laboratory for Energy (AGILe), located in the Zero Energy Nanotechnology (ZEN) building, enables testing, modeling and validation […]
The New York State Thruway Authority announced the new Guilderland Service Area (I-90 eastbound mile marker 153) in Schenectady, NY is now open to the public. The location has 5,742 square feet of space. It is the 16th new service area to open to Thruway customers as part of the $450 million private investment to […]
Jason Mouzakes, MD, who has served as chair of the Department of Otolaryngology at Albany Medical Center and professor of Otolaryngology and Pediatrics at Albany Medical College, has been named Executive Vice President and Hospital General Director at Albany Medical Center. In this role, Dr. Mouzakes oversees the employees of the Medical Center’s 766-bed hospital and manages Medical and […]
NY State Police Superintendent Steven James congratulated 228 new State Troopers as they graduated Tuesday from the 214th Session of the Basic School of the New York State Police Academy. The ceremony was held at the Empire State Plaza Convention Center in Albany. The graduation increases the State Police ranks to 4,977 sworn members. Superintendent […]
LATHAM, NY — Plug Power has received a conditional loan guarantee for up to $1.66 billion from the Department of Energy’s (“DOE”) Loan Programs Office (“LPO”) to finance the development, construction, and ownership of up to six green hydrogen production facilities. The production facilities, which will be selected for financing in accordance with procedures to […]
New York Attorney General Letitia James and Acting Commissioner of Taxation and Finance Amanda Hiller announced the arrest of Guy Kennedy Nicolas of Colonie, NY on six felony charges for allegedly failing to report over $2 million in taxable sales and pay over $160,000 in sales tax. An investigation led by the Office of the […]
ALBANY – Once again, housing inventory across New York State fell to another record low in March, according to the housing report released by the New York State Association of REALTORS. Inventory of homes across the Empire State fell 14.7 percent in March – from 28,060 units in 2023 to a record-setting low of only […]
ESPN announced The 2024 NCAA Women’s Elite Eight was the most-watched on record with 6.2 million average viewers – up 184% year-over year. And Monday night’s rematch in Albany between Iowa and LSU was the most-watched women’s college basketball game on record with 12.3 million viewers and peaked at 16.1 million viewers. Iowa prevailed over […]
CLIFTON PARK, NY — PowerGEM, a provider of simulation modeling software and technical services for the electric power industry, has received an undisclosed strategic growth investment from private equity firm TA Associates (TA). Founded in 2000 and headquartered in Clifton Park, NY, PowerGEM’s power systems transmission reliability & market simulation software products serve over 200 […]
U.S. Senate Majority Leader Charles E. Schumer and U.S. Congressman (NY) Joe Morelle today announced over $90 million in federal funding from the U.S. Department of Energy’s (DOE) Clean Hydrogen Manufacturing, Recycling, and Electrolysis programs created in the bipartisan Infrastructure Investment & Jobs Act. The lawmakers said this will help bolster Upstate New York as […]
Berkshire Hills Bancorp — a Boston-based financial company — announced that its subsidiary Berkshire Bank has entered into agreements with three buyers to sell 10 of its upstate and eastern New York branches, consisting of eight offices in Albany, Saratoga, Schenectady and Columbia counties, one office in Whitehall and one office in East Syracuse. The […]