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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).

Troy, N.Y. – The Board of Directors of the Rensselaer County Regional Chamber of Commerce has named Norris Pearson as the next president/CEO of the organization. Pearson, who leaves Rensselaer Polytechnic Institute following a long career as operations manager of the Houston Field House, will take on the chamber role on March 1. “The board is…
BOSTON – January 31, 2023 – Berkshire Bank, a leading socially responsible community bank with financial centers throughout New England and New York, today announced that it joins 483 other companies across the globe as a member of the 2023 Bloomberg Gender-Equality Index (GEI), a modified market capitalization-weighted index developed to gauge…
January 27, 2023 (Albany, NY): First New York Federal Credit Union and Burnt Hills-Ballston Lake High School announce the opening of a new in-school branch, the Spartan Branch. The new branch will be staffed by student volunteers, who will gain valuable experience by providing basic banking services to their fellow students and staff from the…
Feb
02
The Networking Lunch is a structured event, offered exclusively to Chamber members, providing a platform to expand your client base.  Registrations are…
Lunch and Networking
Feb
09
Join us for the official grand opening and ribbon cutting celebration of Nature Vibez CBD & Wellness Store in Troy. There will be free samples,…
Ribbon Cutting & Grand Opening
Feb
09
Explore how to maximize business opportunities and benefits, as a Chamber member.  If you'd like to attend this event, please email Alicia Osur at [email protected]
Breakfast & Discussion