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
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
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
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
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
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
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
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
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
Congress passed a $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act. Many Capital Region businesses will need the funding and financial tools it provides to recover from the economic disruptions caused by COVID-19. The Center for Economic Growth is helping local businesses identify stimulus-related funding programs as well as
