Following a three-month process of proposal review, the Center for Economic Growth (CEG) will relocate its offices this October. After more than a decade at 63 State St., the CEG board of directors chose a space on the first floor of 39 N. Pearl St. in downtown Albany.

“We were fortunate to have several competitive proposals from our member companies for the board to consider, and we weighed them carefully to arrive at our decision to relocate based on increased efficiencies, a desire to remain downtown, upgrades to our infrastructure and an attractive lease arrangement,” said CEG Board Chairman Robert Blackman, vice president of RealtyUSA.

The new space will provide improved operational efficiency to the professional staff of 16 employees who work with members and partners to advance the ability of the region and its assets to succeed in the global marketplace.

Mayor Gerald Jennings said, “The Center for Economic Growth is a valuable partner to the City of Albany and its revitalization projects. I am pleased to know that the center chose to remain in downtown Albany to continue its regional economic development efforts.”

The new location at 39 N. Pearl will let CEG remain in close proximity to a majority of its 300 members comprising Tech Valley’s leading companies, academic institutions, community organizations and government officials.

“We are proud to have the Center for Economic Growth occupy one of our prominent Albany locations,” said Brian Conley of Conley Realty Services.

The Center for Economic Growth is the premier economic development and marketing organization in New York’s Tech Valley and serves as the Capital Region’s designated Regional Technology Development Center (RTDC). A private, nonprofit, membership-based organization, CEG has strategic initiatives designed to grow local companies, attract new business and investment, and prepare communities for future growth. As the designated RTDC for New York state’s Capital Region and one of nearly 350 Manufacturing Extension Partnership locations across the country, CEG is charged with assisting local manufacturing and technology companies to generate new sales, create stronger operational infrastructure and overcome barriers to growth.

CEG receives significant financial support from Empire State Development’s Division of Science, Technology and Innovation, which works to facilitate the integration of innovation and technology throughout New York’s economic development efforts; the National Institute of Standards and Technology; and National Grid.

“CEG is grateful to our current landlords and Carrow Real Estate, their asset manager,” said F. Michael Tucker, CEG president and CEO. “We have enjoyed our time here in this historic building at 63 State St., and we also look forward to our move.”

CEG’s new address as of October 1 will be:

39 N. Pearl St.

Ste. 101

Albany, NY 12207

465-8975

Fax: 465-6681

--Jennie