March 15 2024
Software/Gaming/IT

Capital Region Digital Gaming Cluster Stays 500 Strong

20 studios 510 workers Large studio employment at 476 with 25% working remotely outside NYS New studios: Yurisoft, MiniTuna Studios New office: Rushdown Studios at 19 Railroad Pl. in Saratoga Springs ALBANY, NEW YORK – Capital Region video game studios have managed to hold the line and keep their regional

March 15 2024
Regional/County Profiles

Adjusted Gross Income Grows by $6.6B in Capital Region, $1.8B in Downtown Saratoga

Between 2020 and 2021, the adjusted gross income (AGI) income of Capital Region taxpayers increased by $6.6 billion – with nearly a third of that gain being concentrated in the Saratoga Springs 12866 ZIP code. While higher wages and salaries and capital gains drove up the region’s AGI, the number

March 15 2024
News

CEG Economic Development Week in Review March 11 – March 15, 2024

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 WNYT News 13: Capital Region farming space drop   REGIONAL

February 23 2024
News

CEG Economic Development Week in Review February 19 – February 23, 2024

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 Wind Systems Management: Assessment: Offshore wind at NY ports will

February 14 2024
Creative/Agriculture/Food

Capital Region Generates More Agricultural Sales with Fewer Farms

The Capital Region’s agricultural footprint shrunk over the last six years, though the amount of labor hired by farms remained stable and total sales increased significantly, especially in the equine, fruit and dairy markets, according to a Center for Economic Growth (CEG) analysis of the U.S. Department of Agriculture’s 2022

February 13 2024
Creative/Agriculture/Food, Manufacturing

Food & Beverage Drives MFG Establishment Growth in Capital Region

Food and beverage manufacturers have become the primary drivers of new employer establishments in the Capital Region’s manufacturing sector, according to a Center for Economic Growth (CEG) analysis of data from the New York State Department of Labor.   By the second quarter of 2023, the Capital Region had 205

February 13 2024
Research & Development, Software/Gaming/IT

Capital Region Emerges as a Top AI Innovation Market

As the University at Albany and Rensselaer Polytechnic Institute ramp up their artificial intelligence and quantum computing capabilities, the Capital Region is already emerging as a top AI innovation market that continues to attract millions in federally funded, AI-related R&D. Between 2010 and 2022, the U.S. Patent and Trademark Office

February 13 2024
News

CEG In The News: January 2024

 See the below articles from the past month for news about CEG: CEG Announcements/Op-eds/Media Mentions Times Union: Offshore wind projects on Hudson expected to create 3,200 new jobs ABC News 10: Offshore wind facility economic impact report released for Ports of Albany, Coeymans Quality Digest: Expanding on the Success of

February 9 2024
News

CEG Economic Development Week in Review February 5 – February 9, 2024

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:   REGIONAL ECONOMIC DEVELOPMENT NEWS Kiernan Plaza sold to Redburn, changes ahead at former Albany

February 2 2024
News

CEG Economic Development Week in Review January 29 – February 2, 2024

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 ABC News 10: How much are Capital Region roads costing

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