According to the latest federal statistics on the gross domestic product of U.S. counties, the Capital Region has the third highest per capita GDP in the New York and has the state’s third fastest-growing GDP. Regional GDP The U.S. Bureau of Economic Analysis (BEA), which measures and reports on the GDP of the nation and
The Capital Region’s biotech sector saw a 13.5 percent year-over-year increase in National Institutes of Health (NIH) awards in fiscal 2018. Between 20 firms and institutions, the region received 154 awards totaling $62 million. That was the eight-county region’s largest amount of NIH since fiscal 2013, according to a Center for Economic Growth (CEG) analysis
With New York State pursuing one of the nation’s most ambitious plans for generating offshore wind (OSW), the Center for Economic Growth (CEG) is working to position the Capital Region’s two water ports as facilities for the manufacturing and fabrication of OSW components. In January 2018, New York State released an Offshore Wind Master Plan
In 2018, Capital Region towns, cities and counties were listed in more than three dozen statewide and nationwide rankings, which recognized their outstanding economic performance and quality of life. Below is a full listing of the eight-county region’s listings (ordered by the ranking source). Ranking (Source): 10 Best Small Town Food Scenes (10 Best) City,
For the Top Economic Development News of the Month, CEG selects news articles about projects or developments that promise to improve and/or transform the Capital Region’s economy, particularly those that related to manufacturing and initiatives outlined in Capital 20.20, a five-year, multi-pronged plan for bringing economic prosperity to the entire region. To learn about more
