{"id":29486,"date":"2017-04-07T13:56:45","date_gmt":"2017-04-07T17:56:45","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=29486"},"modified":"2017-04-07T13:56:45","modified_gmt":"2017-04-07T17:56:45","slug":"center-economic-growth-reaches-6m-goal-programs-promote-development","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2017\/04\/center-economic-growth-reaches-6m-goal-programs-promote-development\/","title":{"rendered":"Center For Economic Growth Reaches $6M Goal For Programs To Promote Development"},"content":{"rendered":"

The Center for Economic Growth (CEG) has reached a $6 million target for its Accelerate capital campaign.<\/span><\/p>\n

Launched Sept. 1, 2016, Accelerate is a five-year campaign and collaborative investment to accelerate and secure the region\u2019s economic stability. Officials said the success of the campaign means CEG\u2014the Capital Region\u2019s 30-year-old professional and economic development organization\u2014will be better positioned to promote the eight-county region to businesses and entrepreneurs across the country and beyond while also helping companies already rooted in the region thrive.<\/span><\/p>\n

The region includes Saratoga County.<\/span><\/p>\n

\u201cCEG\u2019s successful $6 million capital campaign under the leadership of Andrew Kennedy marks the beginning of a new stage of advancement for not only this vital economic development organization but also for each of our region\u2019s eight counties. The region-wide team effort\u2014from developing our economic blueprint to the Capital 20.20 Plan\u2014laid the groundwork. And now regional leaders have shown their confidence by rallying behind CEG so it can help implement the plan. Together we will pursue a bold new future for the Capital Region\u2019s economy,\u201d said Laura Schweitzer, chair of the CEG board and the University of Albany\u2019s vice president for health sciences.<\/span><\/p>\n

\u201cCEG\u2019s new investor model is already having a meaningful impact on our business development efforts in the Capital Region as companies are no longer viewing their contributions as a donation, but an opportunity to be part of building a stronger and growing community. Many companies are also actively engaged in committee work that is driving strategy for CEG,\u201d said Tom Amell, CEG\u2019s executive vice chair and president and CEO of Pioneer Bank.<\/span><\/p>\n

About 200 organizations have invested in CEG, and more are expected to join them, according to officials. The nonprofit organization\u2019s executive-level investors include Albany Medical Center, National Grid, the Port of Albany, Rensselaer County and SEFCU.<\/span><\/p>\n

The investment made by the region will be used to focus CEG on these five strategic initiatives:<\/span><\/p>\n

\u2022 <\/b>Be the primary and most comprehensive resource for business development.<\/span><\/p>\n

\u2022 <\/b>Aggressively market our entire community to attract new businesses and investment;<\/span><\/p>\n

\u2022 <\/b>Strengthen existing businesses to be more competitive in the global market place through Business Growth Solutions and Talent Connect programs.<\/span><\/p>\n

\u2022 <\/b>Enhance partnerships and communication by providing high-level networking among the regions\u2019 most influential stakeholders.<\/span><\/p>\n

\u2022 <\/b>Advance Capital 20.20, a five-year plan for our region\u2019s future.<\/span><\/p>\n

\u201cWe are very thankful to all of our investors for supporting not only CEG but also the entire Capital Region. This region has tremendous potential\u2014from world class R&D centers to a highly educated workforce\u2014and the success of our campaign will allow us to more effectively attract investment and jobs that will accelerate the Capital Region\u2019s economy,\u201d said CEG President and CEO Andrew S. Kennedy.<\/span><\/p>\n

To date, Accelerate has allowed CEG to create three new positions to help carry out these strategic initiatives and rebrand the organization with a new logo and website. CEG has sent staff to represent the region at trade conferences such as the SEMI Industry Strategy Symposium (ISS), Bio CEO & Investors Conference, the SelectUSA Manufacturing Forum at the Canadian International Auto Show, the NY BEST Capture the Energy Conference, the Site Selectors Guild Annual Conference, the International Battery Seminar & Exhibit and the Intersolar Summit USA East. Over the last year, CEG has also stepped up its economic development efforts in attracting manufacturers and technology companies to the region.<\/span><\/p>\n

\u201cAchieving its capital campaign goal allows the Center for Economic Growth to continue to be a vital and integral driver of economic development in our region. Their strategic and focused efforts have helped strengthen the Capital Region\u2019s position as a destination for business investment,\u201d said James J. Barba, president and CEO, Albany Medical Center, co-chair of the Capital Region Economic Development Council.<\/span><\/p>\n

\u201cA $6 million capital campaign is a tremendous accomplishment, but doing it to support the Center for Economic Growth as an economic development campaign speaks volumes about the future of the Capital Region,\u201d said SEFCU President and CEO Michael J. Castellana. \u201cSEFCU proudly supports CEG\u2019s efforts to drive critical economic growth in the area. Their work to advance the Capital 20.20 plan will bring key programs to life, transforming many aspects of our piece of the world.\u201d<\/span><\/p>\n

For more information, contact CEG Director of Research and Communications James Schlett at jamess@ceg.org or 465-8975 X221.<\/span><\/p>\n

CEG is the regional economic development organization for the greater Capital Region and New York\u2019s Tech Valley with 200 members in business, government, education, and the not-for-profit sectors. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Center for Economic Growth (CEG) has reached a $6 million target for its Accelerate capital campaign. Launched Sept. 1, 2016, Accelerate is a five-year campaign and collaborative investment to accelerate and secure the region\u2019s economic stability. Officials said the success of the campaign means CEG\u2014the Capital Region\u2019s 30-year-old professional and economic development organization\u2014will be […]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-29486","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\r\nCenter For Economic Growth Reaches $6M Goal For Programs To Promote Development - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2017\/04\/center-economic-growth-reaches-6m-goal-programs-promote-development\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Center For Economic Growth Reaches $6M Goal For Programs To Promote Development - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"The Center for Economic Growth (CEG) has reached a $6 million target for its Accelerate capital campaign. 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