Program areas at Ceg of the Capital Region
Business growth/industry - Ceg develops strategies and markets the competitive assets of the Capital Region to targeted domestic and international business in high growth sectors that correspond to the Region's industry clusters. the organization's attraction strategy includes attendance at industry specific events and trade shows, direct outreach and meetings with decision makers, and digital marketing. Ceg works with prospective expansion and relocation clients by identifying appropriate sites, developing proposals and responses to information, providing economic data, coordinating resources such as incentives and workforce development needs. Work is done in partnership with empire state development, local municipalities, and other local economic development agencies.
Ceg activity secures support from investors in business, government, education, and non-profit sectors who are committed to sustainable economic growth and prosperity.
Talent development/talent attraction - Ceg has a dedicated talent attraction strategy to help grow its workforce by marketing the Region digitally to target areas, certain demographic populations, and/or within target industries. Furthermore, Ceg works to retain the Region's graduating college students and interns.
Personnel at Ceg of the Capital Region
Name | Title | Compensation | Date of data |
---|
Mark Eagan | President and Chief Executive Officer | $0 | 2024-10-04 |
Katharine Jn Belmont | Chief Economic Development Officer | $0 | 2022-12-31 |
Christine Holle | Vice President , Finance | $0 | 2022-12-31 |
Carlos Flores | Vice President , Business Development - Manufacturing Solutions | | 2024-10-04 |
Don Wiesenforth, M.B.A. | Senior Vice President , Manufacturing Solutions | | 2024-10-04 |
...and 15 more key personnel |
Financials for Ceg of the Capital Region
Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
---|
Total grants, contributions, etc. | $1,327,162 | $1,349,642 | -1.7% |
Program services | $351,378 | $314,636 | 11.7% |
Investment income and dividends | $24,405 | $5,734 | 325.6% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $-8,788 | $-387 | -2170.8% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $218,596 | $13,700 | 1495.6% |
Total revenues | $1,912,753 | $1,683,325 | 13.6% |
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Cincinnati Regional Business Committee | 501(c)(6) | Cincinnati, OH | $1,428,804 |
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Netnhub | 501(c)(6) | Kingsport, TN | $775,000 |
AdvanceCT (CERC) | 501(c)(6) | New Haven, CT | $5,035,626 |
Aspire Johnson County | 501(c)(6) | Greenwood, IN | $833,931 |
One Okaloosa | 501(c)(6) | Fort Walton Beach, FL | $697,242 |
Coliseum Central Business Improvement District | 501(c)(6) | Hampton, VA | $1,445,943 |
The Economic Development Alliance for Brazoria County | 501(c)(6) | Angleton, TX | $1,085,145 |
Bloomington Economic Development Corporation | 501(c)(6) | Bloomington, IN | $563,283 |
Data update history
January 15, 2025
Used new vendors
Identified 1 new vendor, including
October 4, 2024
Updated personnel
Identified 9 new personnel
January 3, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizations
Issues
Economic developmentBusiness and industry
Characteristics
MembershipsState / local levelNo full-time employees
General information
- Address
- 5 Computer Dr S
- Albany, NY 12205
- Metro area
- Albany-Schenectady-Troy, NY
- County
- Albany County, NY
- Website URL
- ceg.org/Â
- Phone
- (518) 431-1416
IRS details
- EIN
- 82-2369976
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2017
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- S40: Business and Industry
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Subordinate organization
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