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

October 18 2021
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:

October 15 2021
Clean Technology, Research & Development

NY and US Renewable Energy R&D Funding Nearly Doubles for Capital Region Businesses

Offshore wind (OSW) and hydrogen fuel cells sent state- and federally funded renewable energy research and development by Capital Region businesses into overdrive in 2020. Last year, the U.S. Department of Energy (DOE) and New York State Energy Research and Development Authority (NYSERDA) awarded $18.6 million in renewable energy R&D

October 15 2021
Entrepreneurship, Research & Development

Capital Region Firms Netted $15.5M in SBIR & STTR Funds in 2020

Fifteen Capital Region small businesses received $15.5 million in federal seed funding grants for research and development in fiscal 2020. That included a record annual sum from the National Science Foundation (NSF), according to a Center for Economic Growth analysis of SBIR.gov data. SBIR/STTR The SBIR program helps stimulate small

October 15 2021
Employment/Workforce, Manufacturing

Success Story: Blasch Precision Ceramics Skills up Staff with BGS Support

Background Blasch Precision Ceramics is a manufacturer of net shape ceramic products and refractory components for chemical processing, mining, heavy industrial processing, power generation and other applications. Its high-performing materials are used for the containment, control and refinement of molten metal. The 42-year-old company employs about 125 in Menands, New

August 30 2021
Manufacturing, News

STEM Careers: Manufacturing Awareness Campaign RFP

1. Purpose The Center for Economic Growth (CEG), Business Growth Solutions Group and Regional Manufacturing Extension Partnership Center is seeking proposals from qualified and experienced marketing and media firms to support up to 10 regional manufacturers in development and deployment of STEM Career videos and related content targeted towards middle

August 23 2021
Clean Technology, News

CEG Launches Capital Region’s Largest Offshore Wind Industry Attraction Initiative at IPF

ALBANY, NEW YORK – The Center for Economic Growth (CEG) on Tuesday will join several regional partners to launch its biggest in-person industry attraction initiative to attract offshore wind (OSW) development to the Capital Region and beyond in New York State. From Tuesday through Thursday (August 24-26), CEG will promote

August 13 2021
Biotechnology/Life Sciences/Pharmaceuticals, Education/Training

Capital Region STEM Degree Awards Rise amid Pandemic, Boosted by Life Sciences

The life sciences vitalized the Capital Region’s STEM talent pipeline during the pandemic. In 2020, the eight-county region’s traditional colleges and universities saw an 8.3 percent increase in science, technology, engineering and mathematics (STEM) degrees1 – boosted by sizeable gains in biological and biomedical sciences degree awards at the University

Funding Partners