News

January 19, 2017
CEG’s Kennedy says Capital Region ready for biotech push

  Times Union   By: Larry Rulison   The Capital Region’s top economic development executive says the area is uniquely positioned to take advantage of Gov. Andrew Cuomo’s massive life sciences and biotechnology push this year that includes $450 million in spending on the fast-growing sector. “Our region’s concentration of biotech companies, such as (General […]


January 18, 2017
Cuomo wants to spend big on life sciences, a growing industry in Albany

  Albany Business Review   By: Michael DeMasi   Gov. Andrew Cuomo wants to spend $150 million on a “life sciences laboratory public health initiative,” part of a broader push at supporting an industry that attracts $2 billion in federal research grants to New York — third-highest of any state — but translates into relatively […]


January 11, 2017
Area ranks at top for research

  Times Union   By: Eric Anderson   Albany – The Capital Region fares well in a new analysis by the Albany-based Center for Economic Growth looking at the role university research and development plays in the local economy. The analysis, covering 2011 to 2015, measures total university R&D spending, R&D spending per worker and […]


The Business Review reports on CEG study on the top Northeast metros for university R&D spending — Albany ranks 4th

  Albany Business Review   By: Shannon Sweeney   From SUNY Polytechnic Institute to Rensselaer Polytechnic Institute, the Albany, New York area is a hub for university research and development. The area ranked fourth out of 20 Northeastern metropolitan areas for university research and development spending, according to analysis released this week by the Albany-based […]


January 5, 2017
Region gets $54M boost

  Times Union   By: Robert Downen   Albany – Federal health research funding for Capital Region institutions increased significantly last year, a welcome sign for the area’s growing medical and technology sectors. All told, area companies, academic institutions and nonprofits received $54 million in funding from the National Institutes of Health, with Albany Medical […]


January 4, 2017
New attitude in manufacturing industry is bringing jobs back home

  Spotlight News   By: Michael Hallisey   Local businesses network with one another in a continuous trend promoting community over competition, and that attitude is what’s defining a new “paradigm” in a changing manufacturing industry. New York state is home to a rich network of innovation assets and other resources that can help manufacturers and […]


December 24, 2016
Report: Revolving loans can brew rural economy

  Times Union   By: Alicia Biggs   It all started with “borrowing the proverbial cup of sugar from each other,” Albany Distilling co-owner John Curtin said. Several years ago, owners of Albany Distilling, C. H. Evans Brewing, and Nine Pin Cider Works formed a trade association for farm-based beverage producers in the Albany area. […]


December 19, 2016
Capital Region economy needs a collaborative approach

  Times Union   By: Andrew Kennedy, Commentary   For 25 years, there had been two mountains when it came to economic development in the Capital Region. One was Sen. Joe Bruno and the other was Dr. Alain Kaloyeros. In what some now recall as the region’s glory days, business executives would look to scale […]


December 2, 2016
Troy, Watervliet manufacturers get grants

  Times Union   By: Robert Downen   Two Capital Region manufacturing hubs — nonprofit organizations that work in research collaborations with industry — will receive an additional $75,000 each in funding in memory of a deceased Capital Region economic executive. The Tech Valley Center of Gravity, located in Troy, and the Watervliet-based Arsenal Business […]


November 28, 2016
Under Trump, science research faces hazy future

  Times Union   By: Robert Downen   To cure infertility, Prashanth Rangan is looking in peculiar places: fruit flies. At UAlbany’s RNA Institute, the assistant professor of biology spends his days splicing the tiny insects open to look at their molecular “alarm clocks,” which much like those of humans trigger eggs to “wake up” […]


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