Amid the pandemic in 2020, Capital Region single-family building permits grew at their fastest rate in 12 years. Even more, the eight-county region saw New York’s biggest year-over-year increase in the number of authorized single-family building permits, according to a Center for Economic Growth (CEG) analysis of U.S. Census Bureau
Recent years have seen several Fortune 500 companies enter or expand their presence in the Capital Region market, either through acquisitions (BD, Fluor, Activision, Arthur J. Gallagher & Co.) or new developments (Applied Materials, Amazon). Here is a list of 29 Fortune 500 companies with significant ties1 to the Capital
The Center for Economic Growth’s Capital Region Offshore Wind Summit on April 13 blew away expectations, with more than 225 attendees from industry, manufacturers, the community and workforce. The event, sponsored by Couch White, further elevated the Capital Region’s status as an emerging major East Coast manufacturing hub for the
The Capital Region has more than 20 U.S. Food and Drug Administration (FDA)-registered establishments involved in the manufacturing and preparation of more than 1,300 medical devices, according to a Center for Economic Growth (CEG) analysis of the FDA data. Establishment Types As of March 2021, the eight-county region had 25
Even before the recent surge in demand that is spurring GLOBALFOUNDRIES to increase its chip production capacities, the Albany-Schenectady-Troy metropolitan statistical area (MSA) was one of the nation’s fastest growing exporters of computer and electronic product manufacturing, according to a Center for Economic Growth (CEG) analysis of data from the
Partnership between Center for Economic Growth & Alliance for the CreativeEconomy, others, worked to develop key elements (Albany, N.Y.) – The Center for Economic Growth (CEG) and Alliance for the CreativeEconomy (ACE) partnered to develop a brand and tagline to help create an identity forthe region, celebrate pride of place,
FOR IMMEDIATE RELEASE CEG Launches GameOnNY.Org to Attract Game Development Investment, Studios and Talent ALBANY, NEW YORK – The Capital Region’s large digital gaming studios grew their employment by 16 percent over the past year as the pandemic stoked demand for video games. The local community of indie studios also
Before COVID-19 triggered mass movements away from major urban tech hubs, the Albany-Schenectady-Troy metropolitan statistical area (MSA) was already attracting many more people from major tech metros such as New York City, Phoenix, San Francisco and San Jose than they were attracting from it, according to a Center for Economic
The Capital Region is New York’s second leading economic development region in reducing its ranks of people in poverty, according to a Center for Economic Growth (CEG) analysis of U.S. Census Bureau five-year estimates. Regions Between 2015 and 2019, the eight-county Capital Region averaged 108,471 people below the poverty level.
By the end of summer, Capital Region clothing stores and personal service providers such as hair and beauty salons experienced the biggest employment rebounds while food services and beverage places, such as restaurants, sustained the heaviest job losses, according to a Center for Economic Growth analysis of new data from
