September 21 2020
Education/Training, Employment/Workforce, Manufacturing

MFG Day 2020: Local Manufacturing Outpaces All but 1 Sector for Growing Ranks of Young Workers

As the Capital Region celebrates Manufacturing Day Oct. 2, its manufacturing sector is growing its ranks of young workers faster than almost all other sectors, according to a Center for Economic Growth analysis U.S. Census Bureau QWI Explorer data. Young Worker Growth As a testament of manufacturing’s growing popularity in

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 12 2020
Employment/Workforce, Manufacturing, Nanotechnology, News

CEG to Serve as Group Sponsor for Apprenticeship Program for 50+ GLOBALFOUNDRIES Workers

FOR IMMEDIATE RELEASE ALBANY, NEW YORK – The Center for Economic Growth will be vastly expanding its role in skilling up the Capital Region’s workforce through a first-of-its-kind apprenticeship program for the semiconductor manufacturing industry. CEG has partnered with SEMI, the industry association representing the end-to-end electronics design and manufacturing

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

July 16 2020
Advanced Materials, Biotechnology/Life Sciences/Pharmaceuticals, Clean Technology, Creative/Agriculture/Food, Economic Analysis, Employment/Workforce, General, Manufacturing, Nanotechnology, Regional/County Profiles, Software/Gaming/IT, Tourism, Trade/Transportation

Industry Assets & Economic Profiles

See CEG’s latest industry attraction promotional reports on key industry clusters and regional/county profiles. Between 2015 and 2019, CEG promoted the Capital Region at 78 industry attraction events in 41 cities worldwide. While the coronavirus pandemic has temporarily halted CEG’s travel to conferences, we continue to represent the region at

June 17 2020
COVID-19, Employment/Workforce, General

Capital Region Emerged from 1st Full Month of COVID-19 with NY’s Lowest Unemployment Rate

Demonstrating its resiliency, the Capital Region emerged from the first full month of the Coronavirus pandemic with not only the lowest unemployment rate among New York’s 10 economic development regions but also the 19th lowest among major commutersheds nationwide1, according to a Center for Economic Growth analysis of data from

June 16 2020
Employment/Workforce, General

Capital Region Minority-Owned Businesses up 19%

The Capital Region’s ranks of minority- and women-owned businesses (MWBEs) have increased significantly over the last five years, according to a Center for Economic Growth (CEG) analysis of new U.S. Census Bureau data. The Census Bureau’s new American Business Survey found the region1 had 1,997 minority-owned businesses in 2017, up

April 15 2020
COVID-19, Employment/Workforce, News

CEG’s Face Covering FAQ for Essential Businesses

CEG’s Face Covering FAQ for Essential Businesses Starting tonight (April 15), some employers in New York State will be required to provide certain employees with face coverings under a new executive order (202.16). Employers must provide this protective personal equipment (PPE) at their own cost. The New York State Department

April 3 2020
COVID-19, Employment/Workforce, General

CEG’s Job Search Tools for Capital Region Workers Displaced by COVID-19

In this unprecedented time of economic disruption, the Center for Economic Growth recognizes there are many people in the Capital Region in urgent need of employment. We have the tools to help connect Capital Region employers with our local talent now seeking jobs. Let CEG leverage our resources to help

April 1 2020
COVID-19, Employment/Workforce, General

SBA Releases Details on Paycheck Protection Program

The Small Business Administration (SBA) has released details on the $349 billion Paycheck Protection Program (PPP) that was included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was enacted last week. SBA 7(a) lenders may begin processing loans as soon as April 3. However, small businesses impacted

Funding Partners