Visitors to the Capital Region spent 6.1 percent, or $175.7 million, more in 2018 than the previous year, bringing their total spending to $3.05 billion. Taking into account state and local taxes, their economic impact in the eight-county region was even greater, totaling $3.42 billion, according to a Center for Economic Growth (CEG) analysis of
Tech and Navy hubs are major contributors to region’s population A county containing a large U.S. Navy base in South Carolina and two more counties with major tech hubs in Arizona and Massachusetts are sending more population “flows,” or movers, to the Capital Region than any other outside of New York, according to a Center
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-Troy 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
