News releases from Albany Business Review
IBM makes major tech breakthrough at SUNY Poly lab in Albany
Today 8:09 EDT
IBM says the chip technology it's developed in Albany will drive semiconductor innovation for the next decade.
Outdoor stadiums, concert venues and race tracks will be allowed 100% capacity for vaccinated guests
May 05, 2021
It's good news for outdoor venues like the Saratoga Performing Arts Center and the Saratoga Race Course after a tough 2020.
This year we asked the 40 Under 40 honorees what they believe their industries could do better tomorrow to contribute to gender and racial equity. Here's what some of them said.
Legislature expected to extend the eviction moratorium again
April 29, 2021
New York state legislators are planning to extend the residential and commercial eviction moratoriums currently set to expire May 1.
The governor announced upcoming changes to restrictions that have been in place for restaurant hours, catering operations and weddings.
This Albany city councilman is also a landlord. Why he supports a 'good cause' eviction law
April 26, 2021
Common Council member Alfredo Balarin said landlords who take care of their properties, have clearly worded leases, and work with their tenants to be good neighbors have nothing to be concerned about.
The bill has been applauded by labor leaders, who say that it protects all workers on the job, but business leaders say the legislation goes too far and is too stringent, especially when many small...
The new market will offer fresh fruits and vegetables, meats, dairy, gluten-free and vegetarian products, kitchen supplies and hygiene essentials.
Three people have donated a total of $3.25 million to The Albany College of Pharmacy and Health Sciences, which nearly puts an end to the institution’s $11 million capital campaign.
The week in bankruptcies: D&K Quality Auto
April 16, 2021
This week in Albany business bankruptcies include D & K Quality Auto. For the year, Albany has recorded 4 business bankruptcy filings.
$16 million renovation, new name for The Desmond in Colonie
April 15, 2021
The Desmond in Colonie finished a nearly $16 million renovation that includes a new name, upgrades and modern features to replace a design meant to evoke the Colonial era.
The new rules have major implications for the Saratoga Race Course, which wasn't allowed to have fans last year.
The three-month contracts are with Syracuse-based Pyramid Management Group LLC, which owns both Crossgates and Aviation Mall.
Tim Noonan, a partner at Hodgson Russ who specializes in tax residency issues: "I've been doing this for 20 years and the exodus of high-earning, high-income tax payers from New York state and New York...
More than 1,000 employees across an estimated 200 companies who participate in the Start-Up NY tax-incentive program were at risk of a surprise tax bill.
The CICU, headquartered in Albany near the Capitol, represents more than 100 New York independent colleges and universities in matters of public policy.
What you need to know about New York's new tax increases
April 07, 2021
Annual taxes on corporations and the wealthiest New Yorkers will increase next year after Gov. Andrew Cuomo and legislators agreed on a $212 billion budget for 2021-2022.
The new branding campaign to sell the Capital Region is here
April 06, 2021
The Center for Economic Growth and the Upstate Alliance for the Creative Economy have revealed a new strategy and branding campaign to sell the region to both those who live here now and others who...
The state budget had originally excluded the $750 million that's been set aside for years to build a centralized New York state public health lab in Albany.
Attorney: "If there are individuals looking to get involved in [NY's marijuana] industry, they need to do it now"
April 05, 2021
Harris Beach's Karl Sleight specializes in helping clients navigate highly regulated industries in New York — a category that will soon include a multibillion-dollar market for recreational marijuana....
State regulations stopped a lot of usual summer activity last year. But not golf. Some country clubs were able to capitalize on having the only game in town.
The New York State Legislature voted Tuesday to legalize recreational marijuana for people over the age of 21, creating what is likely to become a multibillion-dollar industry. Here's what business...
Arvind Krishna, chairman and CEO of IBM: "The semiconductor technology ecosystem we have assembled in Albany is uniquely positioned to deliver rapid new breakthroughs that will catalyze the economic...
Ahead of legal marijuana vote, a question for employers: What is the meaning of impairment?
March 30, 2021
The New York State Legislature is expected to pass recreational marijuana legislation that would allow adult use and create a new multibillion-dollar industry. It also raises some questions for...
The announcement comes as the head of the CDC on Monday warned of "impending doom" as cases, hospitalizations and deaths rise across the country. Here are the details on the eligibility expansion.
The app — called The Excelsior Pass — will be needed for New Yorkers to gain entry to major stadiums and arenas, wedding receptions, or other catered events above the social gathering limit.
The company says the thermal imaging system can screen about five to eight passersby per second and flag individuals with elevated skin temperatures for additional tests.
New York close to legalizing recreational marijuana
March 24, 2021
Several news outlets reported Wednesday afternoon that New York state legislators have reached a deal to legalize recreational marijuana. Here's what we know so far about the proposal.
Heather Briccetti says proposals to raise taxes in the state budget could drive more New Yorkers to leave the state and hurt businesses at a critical time for New York's post-Covid recovery.