September 10 2018
General, R&D

$12.8M Awarded to Support R&D at Capital Region Tech Firms

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

August 24 2018
General

Economic Development Week in Review: August 20- August 24, 2018

Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on: CEG IN THE NEWS Times Union: Plug Power will create 97 jobs at new Clifton Park facility Site Selection magazine

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 few trips below this threshold

August 8 2018
R&D, Trade/Transportation

Innovation Drove Capital Region Export Growth

In 2017, exports from the Capital Region increased over the year by 2.6 percent, with its R&D to Commercialization Cluster driving most of that gain, according to a Center for Economic Growth (CEG) analysis of data from the Brookings Institution’s 2018 Export Monitor. Innovation-Related Exports In 2017, nominal (current dollar) exports from the eight-county Capital

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 (CEG) analysis of data from

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