Area’s Drug Manufacturing Industry Becomes One of the Nation’s Largest The Capital Region’s pharmaceutical and medicine manufacturing industry is rapidly becoming the one of the nation’s largest. In the past five years, the five-county Albany-Schenectady metropolitan statistical area’s national ranking for jobs in this industry has climbed to 13th from 20th. Even more, the MSA’s
Both Albany and Saratoga counties are regularly outperforming the majority of large U.S. counties when it comes to the growth of average weekly wages, according to a Center for Economic Growth Analysis of new data from the Bureau of Labor Statistics. Wage Growth Performance In Q1 2019, Albany County’s average annual weekly wage was $1,142,
Featured R&D projects: Startup aims to advance the 3D printing of high-performance ceramics Binghamton to acquire advanced materials research tool Using nanotechnology to optimize ceramics, alloys, and composites Exploring the properties of photonic nanostructures Bio-industrial Materials Institute (BMI): Sustainable Materials Development Mycelium based biocomposites and foams High efficiency fiber reinforced isogrid structures New Materials Support
Boosted by the introduction of ridesharing to upstate, as well as a stronger real estate market and creative economy, the Capital Region’s ranks of independent contractors increased by 5.4 percent between 2013 and 2017. The economic impact of these mostly self-employed or freelance workers, also referred to as “nonemployer establishments,” grew even more, increasing by
The Capital Region is one of only three state economic development regions that has maintained its ranks of young adults grow over the last five years – and New York City is not one of them. In fact, out of New York’s 62 counties, only 17 grew their young adult populations between 2014 and 2018
