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

July 23 2021
Economic Analysis, Entrepreneurship, Regional/County Profiles

27 Capital Region Census Tracts with Indications of Broadband Need: NTIA

The National Telecommunications and Information Administration (NTIA) has identified 27 Census tracts in the Capital Region indicating a need for broadband due to their low Internet access and/or slow upload and download speeds, according to a Center for Economic Growth (CEG) analysis of the NTIA’s new Indicators of Broadband Need

July 23 2021
Economic Analysis, Employment/Workforce

Capital Region’s 2020 Wage Growth Was Strongest in NY, RensCo’s Strongest in Northeast

The Capital Region emerged as the only one of New York’s 10 economic development regions to see growth in total annual wages in 2020. The Capital Region also sustained the smallest percentage of job losses in the state last year. Even more, Rensselaer County’s wage growth was the strongest in

July 23 2021
Economic Analysis, Entrepreneurship, Regional/County Profiles

Capital Region Business Formation Increased through Pandemic

Business formation continued in the Capital Region throughout 2020 and despite the pandemic. Last year, 9,456 applications to form a business were filed in the eight-county Capital Region, up by 295 (3.2 percent) from the previous year, according to a Center for Economic Growth (CEG) analysis of new U.S. Census

May 12 2021
Economic Analysis

Capital Region Sees NY’s Biggest Increase in Single-Family Building Permits

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

March 15 2021
Economic Analysis, Employment/Workforce

Capital Region Sees NY’s 2nd Largest Poverty Drop

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.

January 14 2021
Economic Analysis, General, Regional/County Profiles

Capital Region’s Productivity Hit 14-Year High in 2019

Just before the pandemic, the Capital Region experienced its strongest gross regional product (GRP) growth in 14 years, with a jump in productivity in the Glens Falls metropolitan statistical area (MSA) pushing the annual output total over the top, according to a Center for Economic Growth (CEG) analysis of new

October 13 2020
Economic Analysis, Employment/Workforce, General

The Capital Region is the Nation’s 4th Leading Destination for Relocating NYC Workers

ALBANY, NEW YORK – New U.S. Census Bureau data reveals the Albany-Schenectady-Troy metropolitan statistical area (MSA) is the nation’s fourth biggest attractor of greater New York City metro area workers who relocate for jobs, according to a Center for Economic Growth (CEG) analysis of U.S. Census Bureau Job-to-Job Flows Explorer

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

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