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
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
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
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
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
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 –
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
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
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
The Capital Region’s labor force last spring for the first time saw its total number of workers rise above pre-pandemic benchmark levels, according to a Center for Economic Growth analysis of preliminary data from the New York State Department of Labor.Last April – the same month the U.S. declared the
