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Member News

Investment in Transit Means an Investment in the Economy



The Capital District Transportation Authority (CDTA), along with the New York State Public Transportation Association (NYPTA), are advocating for a stable and predictable funding stream over a multi-year period for upstate transit properties and downstate suburban systems to meet the growing demand of transit across New York State.

“Transit is the lifeblood of economic development in New York. It provides the access and connections that make New York move and the economy flourish,” said David M. Stackrow, CDTA Board Chairman and APTA Board of Directors Vice-Chair. “Across the state, the public is demanding better connections and more travel options to work, education, shopping, healthcare and recreation. Changes in ridership are placing new demands on transit, to access new job locations, address changing travel patterns, and meet travel needs in urban and rural areas.”

Like transit systems throughout New York, CDTA relies on State Transit Operating Assistance (STOA) to provide top-notch service to the community. The Governor’s Executive Budget calls for a 1% increase in STOA for the coming year. Being mindful of the State’s overall fiscal condition, and appreciative of the Governor’s additional funding, this will not meet the demands from our customers for more service options and increased frequencies. CDTA and NYPTA are advocating for a 10% increase in STOA funding in each of the next three years. This would meet the needs of upstate transit systems and is consistent with what is being proposed at the MTA in New York City.

Working to connect Capital Region residents to economic opportunity, CDTA was named the 2017 Best Mid-Sized Transportation System in North America by the American Public Transportation Association (APTA).

Whiteman Osterman & Hanna LLP, the Capital Region’s largest law firm, is pleased to announce that Robert T. Schofield has been appointed as co-managing partner of the Firm and William S. Nolan has been added as a member of the Firm’s Executive Committee, effective January 1, 2020.  Mr. Schofield replaces Norma Meacham, who stepped down as co-…
In honor of their CEO Peter Gannon's 40th birthday, the United Way Community Care Fund is now accepting $40 donations. For more information and to make your contribution today, visit https://app.mobilecause.com/form/-9kL9w?vid=480wd On behalf of the Rensselaer County Regional Chamber of Commerce, we wish Peter the very best on his birthday and…
On Wednesday, January 22, New York ISO President and CEO Rich Dewey presented stakeholders with his ‘State of the Grid’ address, focusing on pro-active steps the NYISO is taking to shape the grid of the future. The wide-ranging remarks focused on every aspect of the NYISO’s business and its role in managing New York’s bulk electricity grid and…
Feb
05
2020 Economic Outlook: How Macro Impacts the Micro for Your Business. The investment team at Bouchey Financial Group consisting of Steven Bouchey, CFP®;…
11:30 a.m. Check-in & Luncheon; 12 - 1:00 p.m. Presentation
Feb
28
A panel discussion featuring State representatives addressing issues facing our communities.  The Chamber's "Meet the Legislators" event provides members…
11:30 a.m. Registration & Luncheon; 12 - 1:00 p.m. Panel Discussion and Q&A
Mar
10
Harness YOUR power within, build professional and personal networks and find inspiring mentors. Learn how to amplify your voice and be heard. Join top…
11:30 a.m. Check-in & Luncheon; 12 - 1:30 a.m. Mentoring Conversations