Mahan said new businesses in Colonie like AngioDynamics, Fresh Market and Precision Valve and Automation could yield 105, 90 and 120 jobs respectively.
Initiatives to revitalize the Latham Circle Mall and to use federal stimulus money to boost Central Avenue are also underway, she said.
For the spring, green initiatives and projects to improve the town's infrastructure are in the pipeline, including a new rooftop heating and cooling system for the William K. Sanford Library, which has seen drastic jumps in circulation. Circulation is up 4.8 percent, and up 210 percent since 2000, Mahan said.
Improvements to I-87 exit 6 and Maxwell Road extension to improve traffic flow and safety are also important, she said.
Mahan said the town, though, is behind on the normal 15-year paving cycle by about 6 years, and is planning to bond $2 million annually for the next 5 years to make repairs.
She said feedback from the community, and a partnership with the public and the business community is vital to success.
"We want to continue the dialogue we have begun," Mahan said.