December 14 2021
Regional/County Profiles

Personal Income in the Capital Region Grows at Fastest Rate in More than 3 Decades

Capital Region personal income last year grew at its fastest rate in 31 years, driven by a $1.8 billion year-over-year increase in unemployment insurance (UI) benefits and additional federal stimulus payments, according to a Center for Economic Growth analysis of new data from the U.S. Bureau of Economic Analysis (BEA).

December 14 2021
Research & Development

As Congress Eyes New ARPA, Capital Region Has $170M+ in Advanced Research Projects

As Congress debates whether to pursue a new federal agency dedicated to cutting-edge R&D “to transform health and medicine,” the Capital Region’s economy is already being boosted by other federal Advanced Research Projects Agency (ARPA) initiatives for defense and energy applications. In fact, in 2021 Capital Region firms were working

December 14 2021
News

CEG in the News: November, 2021

See the below articles from the past month for news about CEG: CEG Announcements/Op-eds/Media Mentions Albany Business Review: Albany Inno – Tech Valley Center of Gravity executive director exits, search on for successor Times Union: Capital Region employers work to entice and retain young hires CEG Research Mentions Daily Gazette:

December 3 2021
News

Week in Review: November 29 – December 3, 2021

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 Daily Gazette: New apprenticeship program offers pipeline for Capital Region breweries,

November 15 2021
Economic Analysis, Regional/County Profiles

A Reenvisioning of the Capital Region’s Rural Areas

An Urban Institute “Reenvisioning of Rural America” is honing in on the strengths and potential of the Capital Region’s rural communities while also concentrating the size of its rural footprint. Whereas the federal government has traditionally negatively defined rural areas as any non-urban areas, a new Urban Institute study instead

November 15 2021
Economic Analysis, Regional/County Profiles

These are the Capital Regions hottest ZIP Codes for Employer Growth

The Capital Region’s hottest ZIP code for net employer growth is the one covering Ballston Spa and Malta (12020), which includes GlobalFoundries’ Fab 8 chip fab. Other top employer-growing ZIP codes included Latham (12110), Rensselaer-East Greenbush (12144), Albany’s downtown and warehouse district (12207) and Queensbury-West Glens Falls (12804), according to

November 15 2021
Employment/Workforce, Manufacturing

Albany’s MFG Sector Has 10th Strongest Net Job Creation among Mid-Sized Metros

Among mid-sized metros, the manufacturing sector of Albany-Schenectady-Troy metropolitan statistical area (MSA) was the 10th strongest in the country for net job creation between 2015 and 2019 – and it was No. 1 in the Northeast, according to a Center for Economic Growth (CEG) analysis of new data from the

November 15 2021
News

CEG in the News: October, 2021

See the below articles from the past month for news about CEG:  CEG Announcements/Op-eds/Media Mentions Spotlight News: Bethlehem Community Celebrates National Manufacturing Day Saratogian: Capital Region P-TECH students participate in paid IBM internships Albany Business Review: New York offshore wind leads to new $86 million investment at Port of Coeymans

November 12 2021
News

Week in Review: November 8 – November 12, 2021

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 Daily Gazette: Frog Alley brewery becomes classroom for SUNY Schenectady brewing

October 18 2021
Advanced Materials, Biotechnology/Life Sciences/Pharmaceuticals, Clean Technology, Employment/Workforce, General, Manufacturing, Nanotechnology, Research & Development, Software/Gaming/IT

Capital Region Industry Fliers – 2021

See CEG’s latest industry profiles below. These new promotional materials provide business leaders and talent with insights into the strength of the regional economy and why they should relocate or expand here. Select the link on each image to download the flyer. The following industry fliers are available for download:

Funding Partners