September 16 2020
COVID-19, Economic Analysis, Employment/Workforce, General

The Capital Region Sectors and Occupations that Are Bouncing Back from COVID-19

Since COVID-19-related job losses peaked in April, the education services, retail trade and other sectors in the Albany-Schenectady-Troy metropolitan statistical area (MSA) have slowly bounced back. However, as of July, hard-hit sectors such as leisure and hospitality and healthcare and social assistance have been slow to reduce their year-over-year losses

August 29 2020
COVID-19, Manufacturing, News

New York Manufacturing Extension Partnership Announces New Program to Help Small and Mid-Sized Manufacturers Adapt to Changing Market Conditions

Initiative will support manufacturers in recovering from the COVID-19 pandemic and positioning themselves for future competitiveness and resilience. The New York Manufacturing Extension Partnership (NY MEP) today announced new programs to provide critical services to small and mid-sized manufacturers as they adapt to changing market conditions amidst the coronavirus pandemic.

August 6 2020
COVID-19, News

CEG Awards $200,000 from COVID-19 Emergency Fund to 41 Capital Region MWBEs and VBEs

FOR IMMEDIATE RELEASE ALBANY, NEW YORK – To help small businesses weather the economic disruption caused by the coronavirus pandemic, the Center for Economic Growth has awarded 41 of them a total $200,000 under a stabilization fund provided by the KeyBank Business Boost & Build Program (KBBB) powered by JumpStart,

July 20 2020
COVID-19, Employment/Workforce

13,000 PPP Loans Were Approved throughout the Capital Region

As the coronavirus pandemic disrupted the economy, banks approved more than 13,000 loans under the Paycheck Protection Program (PPP) to support Capital Region businesses, according to a Center for Economic Growth (CEG) analysis of new U.S. Small Business Administration data. Regional PPP Impacts  Between April 3 and June 30, banks

June 24 2020
Biotechnology/Life Sciences/Pharmaceuticals, COVID-19

Warren County, New York, Has Nation’s Highest Concentration of Medical Equipment & Supplies Jobs – An Opportunity to Support More Domestic Production

(June 16, 2020; Glens Falls, New York) – As the coronavirus pandemic underscores the importance of the domestic manufacturing of medical equipment and supplies, new U.S. Bureau of Labor Statistics (BLS) data is revealing for the first time that Warren County, New York, has the nation’s highest concentration of jobs

June 17 2020
COVID-19, General

President’s Message: June, 2020

As we enter the summer and Phase 3 of the reopening of the Capital Region’s economy, we are starting to see glimmers of the “normal” way of life we knew before the coronavirus pandemic. People are at restaurants and beaches. We are getting haircuts and shopping at stores. At the

June 17 2020
COVID-19, Employment/Workforce, General

Capital Region Emerged from 1st Full Month of COVID-19 with NY’s Lowest Unemployment Rate

Demonstrating its resiliency, the Capital Region emerged from the first full month of the Coronavirus pandemic with not only the lowest unemployment rate among New York’s 10 economic development regions but also the 19th lowest among major commutersheds nationwide1, according to a Center for Economic Growth analysis of data from

June 8 2020
COVID-19, General

CEG Webinar Series, Part X: 3 Questions on COVID-19 Reopening with LeChase Construction & Bergmann Architects

CEG continues our free webinar series, offering insight on the COVID-19 pandemic’s impact on business and strategies for reopening.  To familiarize you with the presenters and their unique perspectives on the crisis, CEG has asked them to respond to three questions. Webinar 10: Preconstruction Planning: Understanding it’s Importance and How

May 26 2020
COVID-19, General

President’s Message – May, 2020

The Capital Region’s economy is now reopening after being largely shutdown for the last two months. The Center for Economic Growth responded to the shutdown by emerging as what the Rockefeller Institute of Government has called an Economic First Responder. And now as the regional economy reopens, we will pivot

May 20 2020
COVID-19, Manufacturing

Success Story: PVA Pivots to Manufacture Emergency Ventilators

Precision Valve & Automation (PVA) has been making conformal coating systems, fluid dispensing solutions and precision valve technology for nearly three decades. With a 135,000-square-foot facility in Cohoes, PVA’s products are used in the solar, semiconductor, defense, aerospace, automotive and medical device industries. The company was founded in 1992 by

Funding Partners