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Monthly Newsletter | August 2021
  
 
The Columbia-Greene #Back2Work Virtual Job Fair is scheduled for August 16-17 from 9am to 5 pm. See this flier for more information and register here.

 
  


CEDC Congratulates and Thanks Jonathan Drapkin


Jonathan Drapkin will be stepping down as President & CEO down Hudson Valley Patterns for Progress at the end of 2021. CEDC would like to thank Joanthan for his great work and partnership over his 16 years at Patterns for Progress and wish him luck in his next chapter. Article from Mid-Hudson News.

 

New York State Offering $800 Million in Small Business Recovery Grants

Empire State Development has launched its $800 million Small Business Recovery Grant Program. Grants of $5,000 - $50,000 will be made to small businesses and small not-for-profit arts and cultural organizations economically affected by COVID-19.  Click here for eligibility information and the application.

Hudson Receives National Recognition


Hudson was named one of the 10 best small towns in the United States by Country Living. The article noted Hudson’s shopping and creative energy. Read the article here.
Columbia County Indicators


Unemployment and Jobs
The latest unemployment rate for Columbia County is 4%, while the statewide rate is 7.7%. Last year at this time, the County rate was 8.6% and the State rate was 14.8%. There are now 29,200 private jobs in the county, compared to 28,400 last year. Click here for data from the NYS Dept. of Labor.



Housing Market
Data from the NYS Association of Realtors for the Second Quarter of 2021 showed that Columbia County’s new listings were 5.7%, closed sales were up 2.7%, and inventory was down 34.2% compared to this time last year. The median sales price was $405,000 compared to $287,500 last year. Click here for access the NYSAR reports.



Sales Tax Collections
Columbia County sales tax revenue in the Second Quarter of 2021 was $14.6 million, which is a 49.7% increase from last year. Statewide sales tax collections are up 49.2% year over year for the Second Quarter, and collections exceed 2019 levels from before the COVID-19 pandemic for both the state and county. Click here for data from the NYS Dept. of Taxation and Finance.
 
Columbia County Comeback Logo

CEDC and our partners in Columbia County continue to monitor the impacts of the COVID-19 pandemic and is committed to continuing to provide updates and resources at www.columbiacomeback.com 


Federal agencies are hosting a webinar on August 17 on resources available to help business sell in overseas market. See more information and register here. Exports of U.S. goods and service have increased 11% to $995 billion since January 2021. U.S. Commercial Service.


The partnership between the Thomas Cole National Historic Site and Catskill and The Olana Partnership in Hudson was featured recently in the Times Union. Read more about their latest project, “Cross Pollination: Heade, Cole, Church, and Our Contemporary Moment.”

Help CEDC Support Business Recovery
Join CEDC Today!


At CEDC, our top priorities amidst COVID-19 are the health and economic well-being of the residents and businesses of Columbia County.

View CEDC's 2020 Annual Report

For more information about CEDC membership, please contact Michael Tucker at mtucker@columbiaedc.com. 
Columbia County Historical Society - Virtual View

The Columbia County Historical Society released “Hidden Hamlets,” the latest themed local road trip map in their Drive Through History series. See the new map here, along with the full series.
Manufacturing News

GlobalFoundries, GE and Regeneron fuel manufacturing job growth in the  Albany, NY region - Albany Business Review

The New York Manufacturing Extension Partnership (MEP) released an impact report showing that in 2020 they helped create and retain 6,637 jobs and achieved $994 million in company cost savings, increased/retained sales, capital expenditures, and funds acquired. The NY MEP operates through ten regional centers throughout the state, and is dedicated to fueling growth and innovation for manufacturers. Read more here.

Fuzehub is hosting two upcoming events: The 2021 Commercialization Competition application period opened on August 2nd, and the New York State Innovation Summit will be held Novermber 8-9. Learn more here.
 
Other Regional News

See the Center for Economic Growth’s monthly newsletter for recent news, business tips, and funding opportunities.



Hudson River Valley Greenway announced that the 21st annual Hudson River Ramble event is back on this year after being cancelled last year. Held every day throughout September, the event features nearly 150 events for enthusiasts of the Hudson Valley culture and geography. Read more from Hudson River Valley Greenway here, including information about an upcoming deadline for the Greenway Planning, Greenway Trail, and Heritage Development Grant application deadline of September 10.

HVADC among organizations requesting USDA support | Morning Ag Clips
The Hudson Valley Agribusiness Development Corporation monthly newsletter features spotlights on HVADC clients and Partners. Read the Newsletter here.





Stay up to date with all of the latest news from the Upstate Alliance For a Creative Economy by reading about local events and business stories on their website, and by signing up to their newsletter.



NYSEDC Video Library

The New York State Economic Development Council has archived a number of informative webinar recordings in its video library, on topics including small business recovery grants, loan programs, funding for water infrastructure projects, and energy-related grants.
CEDC August 2021 Meetings

All meetings below will be held in person at One City Centre in Hudson.

August 18 - 8:30AM | Governance and Nominating Committee
August 24 - 8:30AM | Loan Committee
August 31 - 8:30AM | CEDC Full Board Meeting


Click for all CEDC Meeting Schedules
Choose Columbia 

About CEDC
Columbia Economic Development Corporation is the lead economic development organization for Columbia County, New York. Our mission is to strengthen the area's tax base through economic development and job creation, to assist businesses to locate and expand within the County, and to promote Columbia County as a premier spot for both business investment and personal opportunity. Learn more at www.columbiaedc.com.

One Hudson City Center, Suite 301
Hudson, New York  12534
Phone: 518.828.4718






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Columbia Economic Development Corporation · 4303 US Route 9 · Hudson, NY 12534-4032 · USA