As Manufacturing Day is celebrated this Oct. 5, it is important to remember that while large manufacturers, such as General Electric, GLOBALFOUNDRIES and Regeneron Pharmaceuticals, have helped turn the Capital Region into a thriving manufacturing metro, they are not alone in making the area stand out on the national level. In fact, these manufacturers operate
A fermenting tank at Albany Distilling downtown Albany manufacturing facility. Founded in 2011, Albany Distilling Company was its namesake city’s first licensed distillery since the start of Prohibition. The distiller’s first product was a bourbon-mash whisky, which was followed by a variety of spirits, including rums and vodkas. Focused primarily on the upstate New York
Business activity in Albany’s greater downtown area continues to rebound, with the number of people working there climbing to an eight-year high, according to a Center for Economic Growth (CEG) analysis of data from the U.S. Census Bureau’s ZIP Code Business Statistics. As of 2016, the 12207 ZIP code, which loosely covers the city’s downtown
With the Capital Region’s unemployment rate dipping below 4 percent this spring and summer, the region’s five-year economic development plan, Capital 20.20, is looking more prescient in its emphasis on reaching out to hard-to-reach populations. Hard-to-Reach Populations For the region’s economy to continue to grow, it is imperative for the region’s educational, industry and
Capital Region technology firms received more than 18 percent more in federal R&D seed funding, totaling $12.8 million in fiscal 2017, according to a Center for Economic Growth (CEG) analysis of data on SBIR.gov. SBIR and STTP Programs Eight Capital Region firms received $10.6 million in Small Business Innovation Research (SBIR) funds and four
