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 16 2020
Employment/Workforce, General

Capital Region Minority-Owned Businesses up 19%

The Capital Region’s ranks of minority- and women-owned businesses (MWBEs) have increased significantly over the last five years, according to a Center for Economic Growth (CEG) analysis of new U.S. Census Bureau data. The Census Bureau’s new American Business Survey found the region1 had 1,997 minority-owned businesses in 2017, up

April 15 2020
COVID-19, Employment/Workforce, News

CEG’s Face Covering FAQ for Essential Businesses

CEG’s Face Covering FAQ for Essential Businesses Starting tonight (April 15), some employers in New York State will be required to provide certain employees with face coverings under a new executive order (202.16). Employers must provide this protective personal equipment (PPE) at their own cost. The New York State Department

April 3 2020
COVID-19, Employment/Workforce, General

CEG’s Job Search Tools for Capital Region Workers Displaced by COVID-19

In this unprecedented time of economic disruption, the Center for Economic Growth recognizes there are many people in the Capital Region in urgent need of employment. We have the tools to help connect Capital Region employers with our local talent now seeking jobs. Let CEG leverage our resources to help

April 1 2020
COVID-19, Employment/Workforce, General

SBA Releases Details on Paycheck Protection Program

The Small Business Administration (SBA) has released details on the $349 billion Paycheck Protection Program (PPP) that was included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was enacted last week. SBA 7(a) lenders may begin processing loans as soon as April 3. However, small businesses impacted

March 27 2020
COVID-19, Employment/Workforce, General, Manufacturing

The 10 Things in the COVID-19 Stimulus Package that Capital Region Businesses Must Know

Congress passed a $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act. Many Capital Region businesses will need the funding and financial tools it provides to recover from the economic disruptions caused by COVID-19. The Center for Economic Growth is helping local businesses identify stimulus-related funding programs as well as

March 26 2020
COVID-19, Employment/Workforce, General

President’s Message: March 26, 2020

In response to the coronavirus outbreak, the Center for Economic Growth is leveraging our extensive economic development expertise and status as a federally designated Manufacturing Extension Partnership center to provide the Capital Region’s business community with technical and disaster assistance support. In the past two weeks alone, we’ve consulted with

March 24 2020
COVID-19, Employment/Workforce, General, Manufacturing

The 25 COVID-19-Related Resources that Capital Region Employers & Workers Must View

There is a tremendous amount of information for businesses on how to respond to the coronavirus pandemic and its impacts on operations. It can be overwhelming. That is why the Center for Economic Growth has compiled this list of 25 links we believe are important to both Capital Region employers

March 23 2020
COVID-19, Employment/Workforce, Manufacturing, News

Essential Manufacturers Continue Operating to Help Sustain New Yorkers and the Regional Economy

FOR IMMEDIATE RELEASE Media Contact James Schlett Director of Research and Communications ALBANY, NEW YORK – With New York State’s nonessential business shutdown taking effect last night, the Capital Region’s essential manufacturers are continuing to operate today to produce needed supplies related to the coronavirus pandemic. These essential manufacturers, which

February 21 2020
Creative/Agriculture/Food, Employment/Workforce

Area’s Labor Force Is Getting Younger

The labor force of the Capital Region’s largest metropolitan statistical area (MSA) is “young” again, with the median age of its labor force (16 to 64 years old) slipping below 40 years. Even more, the median age of the Albany-Schenectady-Troy MSA’s labor force is declining faster than all but one

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