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Center for Economic Growth gets new HQ

The Center for Economic Growth is preparing to move into its new headquarters later this fall, but it doesn't have too far to go.

The Albany-based economic development organization will relocate its offices from 63 State St. to 39 N. Pearl St., a six-story brick building that's little more than 500 feet away and just around the corner.

CEG's Board of Directors chose the space following a three-month proposal review, according to a news release issued last week.

“We were fortunate to have several competitive proposals from our member companies for the board to consider, and we weighed them very 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.

The new location is owned by Conley Realty Services and allows CEG to remain in downtown Albany within close proximity to most of its 300 members, which comprise leading companies, academic institutions, community organizations and government officials.

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

CEG has occupied its current headquarters for a decade now with a staff of 16.

"We have enjoyed our time here in this historic building,” said CEG President and CEO F. Michael Tucker.

Beginning Oct. 1, CEG staff will occupy Suite 101 in the North Pearl Street building. Its new phone number will be 465-8975.

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