November 13 2020
COVID-19, General, News

Capital Region Leads NYS in Growth of Applications for Biz Formation, Albany Co. Leads Northeast

Amid COVID-19, NYS Business Applications Surge to Record High in Q3 ALBANY, NEW YORK – New U.S. Census Bureau data reveals that just before the onset of the coronavirus pandemic, the Capital Region had seen the fastest growth in applications to form businesses over the last five years out of

November 13 2020
COVID-19, General

8,000+ Capital Region Businesses Received $442M in COVID-19 Disaster Assistance Loans

Amid the economic crisis sparked by the coronavirus pandemic, more than 8,000 of Capital Region businesses received more than $442 million1 in Economic Injury Disaster Assistance Loans (EDIL) from the U.S. Small Business Administration (SBA), according to a Center for Economic Growth (CEG) analysis of new data from USAspending.gov. The

November 10 2020
Biotechnology/Life Sciences/Pharmaceuticals, COVID-19, Manufacturing, R&D

The Research Connection – November, 2020: COVID-19 Edition

Featured university R&D projects: 30-Minute COVID-19 Antibody Test Unique System for Using UVC Light to Sterilize Masks in Bulk Diagnostic Saliva COVID-19 Test Rapid Corona Virus Testing Engineers Developing New Ways to Optimize N95 Masks COVID-19 Pooled Surveillance Testing Program Streamlined Temperature Screening System UB facilities used to develop COVID-19

October 23 2020
COVID-19, News

Week in Review: October 19 – October 23, 2020

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: Capital Region scientists on a roll with patents, inventions News

September 16 2020
COVID-19, Economic Analysis, Employment/Workforce, General

The Capital Region Sectors and Occupations that Are Bouncing Back from COVID-19

Since COVID-19-related job losses peaked in April, the education services, retail trade and other sectors in the Albany-Schenectady-Troy metropolitan statistical area (MSA) have slowly bounced back. However, as of July, hard-hit sectors such as leisure and hospitality and healthcare and social assistance have been slow to reduce their year-over-year losses

August 29 2020
COVID-19, Manufacturing, News

New York Manufacturing Extension Partnership Announces New Program to Help Small and Mid-Sized Manufacturers Adapt to Changing Market Conditions

Initiative will support manufacturers in recovering from the COVID-19 pandemic and positioning themselves for future competitiveness and resilience. The New York Manufacturing Extension Partnership (NY MEP) today announced new programs to provide critical services to small and mid-sized manufacturers as they adapt to changing market conditions amidst the coronavirus pandemic.

August 6 2020
COVID-19, News

CEG Awards $200,000 from COVID-19 Emergency Fund to 41 Capital Region MWBEs and VBEs

FOR IMMEDIATE RELEASE ALBANY, NEW YORK – To help small businesses weather the economic disruption caused by the coronavirus pandemic, the Center for Economic Growth has awarded 41 of them a total $200,000 under a stabilization fund provided by the KeyBank Business Boost & Build Program (KBBB) powered by JumpStart,

July 20 2020
COVID-19, Employment/Workforce

13,000 PPP Loans Were Approved throughout the Capital Region

As the coronavirus pandemic disrupted the economy, banks approved more than 13,000 loans under the Paycheck Protection Program (PPP) to support Capital Region businesses, according to a Center for Economic Growth (CEG) analysis of new U.S. Small Business Administration data. Regional PPP Impacts  Between April 3 and June 30, banks

June 24 2020
Biotechnology/Life Sciences/Pharmaceuticals, COVID-19

Warren County, New York, Has Nation’s Highest Concentration of Medical Equipment & Supplies Jobs – An Opportunity to Support More Domestic Production

(June 16, 2020; Glens Falls, New York) – As the coronavirus pandemic underscores the importance of the domestic manufacturing of medical equipment and supplies, new U.S. Bureau of Labor Statistics (BLS) data is revealing for the first time that Warren County, New York, has the nation’s highest concentration of jobs

June 17 2020
COVID-19, General

President’s Message: June, 2020

As we enter the summer and Phase 3 of the reopening of the Capital Region’s economy, we are starting to see glimmers of the “normal” way of life we knew before the coronavirus pandemic. People are at restaurants and beaches. We are getting haircuts and shopping at stores. At the

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