Regional Profile

View CEG’s newest marketing campaign Be in the Middle of Everywhere:

If you had to sum it up in one sentence it would go something like this: the Capital Region offers proximity to major geographic markets, a highly qualified workforce, outstanding educational opportunities, a stable business environment and an excellent quality of life.

Historically, the area known as New York’s “Capital Region” encompasses eleven counties in upstate New York and is home to more than one million people. These counties include: Albany; Columbia; Fulton; Greene; Montgomery; Rensselaer; Saratoga; Schenectady; Schoharie; Warren; and Washington. The Capital Region also lays claim to Albany, the capital of New York State, as well as the major cities of Schenectady and Troy and the popular resort destinations of Saratoga Springs and Lake George.

Today, the Capital Region has evolved far beyond it’s traditional boundaries. Driven by it’s rich tradition of innovation, the “Tech Valley” region is rapidly becoming recognized on the global scene as a premier site for the development of innovative, high technology companies. Tech Valley stretches from the Canadian border south to Westchester County and contains more than 1,000 technology companies providing more than 50,000 jobs. The companies of Tech Valley have an economic impact of $5 billion and an annual payroll of $2 billion.

As we hear so often, location remains a critical factor in today’s rapidly changing business environment. Since it was originally settled, the strategic location of the area gave the region its place in history as an early transportation, trade and industrial center. Today, three interstate highways, fast rail service (2 hours and 15 minutes to New York City), a year round deep water port and an airport with direct air service to major cities continues to provide convenient and efficient access to the markets of the Northeastern United States and Canada. To put this unprecedented level of access into perspective, the largest population concentration in North America is within one day’s shipping time (850 miles). If you combine the United States and Canada, this represents 132 million people with a total personal income of over $1.7 trillion; 56% of all skilled workers; over 50% of all retail sales and wholesale receipts; 54% of all manufacturing facilities; and 60% of all the manufacturing products shipped within the two countries.

In times gone by it was said that “all roads lead to Rome.” In the twenty-first century the new destination might very well be Tech Valley.