June 11 2024
Employment/Workforce, Manufacturing

Capital Region Manufacturing Employment Reaches 22-Year High

  The Capital Region’s manufacturing sector continued to grow in 2023 and climbed to a 22-year employment high. The region also experienced its largest annual increase in manufacturing employer establishments in more than two decades, according to a Center for Economic Growth (CEG) analysis of new data for the New

March 15 2024
Employment/Workforce, Research & Development

Capital Region Tech R&D Industry Sets New Employment Record

Employment in the Capital Region’s high-tech R&D industry last summer surpassed an 18-year high, with Albany County driving that growth. This employment growth follows increases in R&D spending by local universities and businesses in the eight-county region, according to a Center for Economic Growth (CEG) analysis of data from the

January 12 2024
Employment/Workforce, Regional/County Profiles

Columbia and Greene Counties have NY’s 1st and 3rd Fastest-Growing Median Household Incomes

Columbia and Greene Counties had New York’s first and third fastest-growing median household incomes in 2022, according to a Center for Economic Growth (CEG) analysis of new data from the U.S. Census Bureau’s Small Area Income and Poverty Estimates (SAIPE) program. Columbia-Greene In 2022, Columbia County’s median household income was

October 13 2023

These Counties Are the Top Drivers of Out-of-State Commuters into the Capital Region

The leading sources of out-of-state commuters who work in the Capital Region are Berkshire, Bennington and Rutland counties. But beyond these neighboring counties, Orange County Florida and San Diego County, California are the next leading sources of out-of-state commuters, according to a Center for Economic Growth analysis of U.S. Census

September 28 2023
Biotechnology/Life Sciences/Pharmaceuticals, Economic Analysis, Employment/Workforce, Nanotechnology, Software/Gaming/IT

Global Site Selector IDs Capital Region’s Most Competitive Industry Clusters for CEG

Newmark Study will Guide CEG’s Industry Attraction and Growth Efforts   ALBANY, NEW YORK – At its annual meeting on Sept. 27, the Center for Economic Growth (CEG) unveiled the findings of a Targeted Attraction & Growth Plan by Newmark’s global strategy and site selection practice that identified the Capital

September 15 2023

Work-from-Home Workforce Shrinks in Capital Region

More than 14,000 workers in the Albany-Schenectady-Troy metropolitan statistical area (MSA) stopped working from home in 2022, though the region’s WFH ranks remained more than double what they were before the pandemic, according to a Center for Economic Growth Analysis of new one-year estimates from the U.S. Census Bureau’s American

September 14 2023
Employment/Workforce, Regional/County Profiles

The Counties to Where Capital Region Workers Are Increasingly Commuting

Commuter flows from Washington County to Saratoga County have surged over the past five years, according to a Center for Economic Growth (CEG) analysis of new U.S. Census Bureau American Community Survey estimates. Between 2016 and 2020, an average 4,687 Washington County residents commuted to Saratoga County for work –

September 14 2023
Employment/Workforce, Entrepreneurship, Regional/County Profiles

Pandemic Hit NY’s Gig Economy, but Nonemployer $$ up only in the Capital Region

The first year of the pandemic took its toll on the ranks of freelancer, independent contractors and other nonemployer establishments in regions across New York, but the Capital Region was the only one where their total sales, value of shipments, or revenues increased. While Capital Region nonemployer establishment losses were

August 10 2023
Employment/Workforce, Manufacturing

Capital Region’s Craft Beverage Industry Pours Past 200 Licenses, 700 Jobs

The Capital Region’s number of active licenses issued for breweries, wineries, distilleries, cideries and meaderies has increased by more than 20 percent over the past two years, and their employment growth is even more robust according to the Center for Economic Growth’s biennial survey of the regional craft industry. As

August 10 2023

7 Capital Region Sectors Saw 20-Plus-Year Employment Highs in 2022

In 2022, employment in seven Capital Region sectors climbed to their highest levels in more than 20 years. While that was the most sectors in any of New York’s 10 economic development regions to break two-decade employment records, the Capital Region was 20,000 jobs short of its pre-pandemic total, according

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