March 14 2019
Economic Analysis, General, Regional/County Profiles

Capital Region Opportunity Zone Highlights

Even before New York State designated 20 Capital Census Tracts as Opportunity Zones in 2018, half of them had growing populations and four in five had increasing ranks of employed residents. The federal Opportunity Zones community development program is now promising to build on that momentum and is already attracting

January 16 2019
Economic Analysis, General

Capital Region Market Value Exceeds $61 Billion

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

November 12 2018
Economic Analysis

Economic Impacts of Capital Region Nonprofits

Nonprofit organizations are playing an important role in supporting the Capital Region’s economic growth. In forming the backbone of the region’s creative economy, training the workforce and providing an abundance of outdoor recreational opportunities, they are helping the Center for Economic Growth (a nonprofit) and the Capital Region Economic Development

October 11 2018
Economic Analysis, Manufacturing, Regional/County Profiles

Growth in the Capital Region’s Mining Industry

The Capital Region’s mining industry has become the area’s fastest-growing sector and the largest of its kind in the state in terms of jobs. Mining Jobs Averaging 959 employees in 2017, the eight-county region’s mining sector has grown by 40.6 percent over the past five years. During that time, employment

August 8 2018
Economic Analysis, Employment/Workforce

Capital Region Economic Stability

Last May, the Capital Region’s unemployment rate dropped below 4 percent, ending its third longest steak above that level since 1990 (23 months). Often referred to as a threshold, either psychological or arbitrary, the sub-4 percent rate signals economic strength. However, issues remain about sustainability. Although the region has taken

August 8 2018
Economic Analysis, Employment/Workforce, Manufacturing, Regional/County Profiles

The Capital Region’s 2017 Economic Performance

The Capital Region’s annual job growth was on par with its 10 peer economic regions in 2017. Although the peer regions had lower unemployment rates than the Capital Region, they are also dealing with more austere labor force shortages and greater wage inflation, according to a Center for Economic Growth

June 13 2018
Economic Analysis, General

Many Capital Region Communities Were among NY’s Fastest-Growing in 2017

Three of New York’s top 10 fastest-growing cities were in the Capital Region in 2017. Even more, on a year-over-year basis, the eight-county region also housed the state’s second and third fastest-growing towns and fastest-growing village, according to a Center for Economic Growth (CEG) analysis of new U.S. Census Bureau

June 13 2018
Economic Analysis, Employment/Workforce, General

Local Homeownership Rate Rises for First Time in 8 Years. What Does that Mean for the Labor Force?

The area’s homeownership rate last year rose for the first time since 2010. The uptick in this rate may provide clues to the area’s coinciding increase in its unemployment rate for the first time in six years, though economists remain divided over whether there is not only correlative but also

June 13 2018
Economic Analysis, General

Commuting Trends Highlight Growing Regionalization of the Capital Region

Residents of the Capital Region and its outlying counties are increasingly crossing county and state lines – and traveling longer – to get to work. At the same time, greater shares of workers in the region’s neighboring counties in Massachusetts and Vermont are likewise commuting across state lines. Taken together,

April 17 2018
Economic Analysis, Regional/County Profiles

Capital Region Population Growth Regains Momentum

The Capital Region was New York’s second fastest-growing region in 2017, with its population increasing over the year by 2,795, or 0.3 percent. This represented a return to more robust growth following three years of marginal gains. Over the past five years, the region’s population has grown by 0.4 percent,

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