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
The talent pipeline for the Capital Region’s tech sector is becoming more diversified, with local colleges and institutions awarding 35.8 percent more STEM degrees to minorities1 over the past five years, according to a Center for Economic Growth analysis of data from the Integrated Postsecondary Education Data System (IPEDS). STEM Degree Awards In 2017, 17
The Capital Region’s manufacturing sector employed more than 34,000 workers in 2017 and is projected to add nearly 2,800 over the next 10 years. That 7 percent increase in manufacturing employment far outpaces projections for the nation (0 percent) and state (-5 percent), according to estimates from Economic Modeling Specialists Int. (EMSI). Hot Local Manufacturing
