Highlights Capital Region SBA 7(a) and 504 loans totaled $111.1 million in 2025. Loans were projected to support 1,932 jobs – most in nine years. Albany County received the most in SBA loan financing. Saratoga County led in jobs supported by SBA loans. Brookline Bank (now Beacon Bank)
The past year has been full of activity for both Capital Region biotech startups and the entrepreneurship support network that helps them accelerate their growth. Several local biotech startups either published the results of clinical trials (Consynance Therapeutics) or are on track to complete or start new clinical trials
The Center for Economic Growth (CEG) this week will be representing the Capital Region’s Advanced Electronics R&D and Manufacturing Cluster at SEMICON West in Pheonix. There are several major projects for CEG to highlight, including the multi-billion dollar EUV Lithography Center at the Albany NanoTech Complex, with accessible standard EUV
In the first six months of 2025, Capital Region manufacturers have received more financial support through the 7(a) loan program of the U.S. Small Business Administration (SBA) than they have in each of the prior three full calendar years. GROSS APRROVALS During the first half of 2025, 7(a) loan gross
The Capital Region’s ranks of gig workers increased by nearly 2,000 in 2023 as more people delivered packages for online companies and rented real estate, according to a Center for Economic Growth (CEG) analysis of new data from the U.S. Census Bureau Nonemployment Series. In 2023, the eight-county region had
The Capital Region’s small firms and academic institutions saw an uptick in patent awards in 2024 after dipping the previous year. And nearly a dozen local small firms – including one headed by Etsy’s founder – received their first patents, according to a Center for Economic Growth (CEG) analysis of
(May 22, 2025) – The Center for Economic Growth (CEG) has launched the Venture Readiness Program, an initiative aimed at helping entrepreneurs build investor-ready ventures that fuel economic growth in the Capital Region. The program is designed to strengthen the region’s pipeline of scalable startups in high-growth industries. It matches
The Capital Region in 2022 saw its largest annual increase in solo manufacturing operations in more than a decade, according to a Center for Economic Growth (CEG) analysis of new Nonemployer Statistics from the U.S. Census Bureau. In 2022, the eight-county Capital Region had 1,103 nonemployer manufacturing establishments, which include
After two years of hitting historic lows, the number of Capital Region manufacturing establishment births doubled in 2022, according to a Center for Economic Growth (CEG) analysis of new U.S. Census Bureau data from its Business Dynamics Statistics series. MFG BIRTHS In 2022 in the eight-county Capital Region, there were
A new startup guided by two seasoned Albany entrepreneurs is leveraging artificial intelligence to drastically reduce the amount of time healthcare managed services organizations spend on pre-authorizations for referrals, procedures, testing and prescriptions. At the next Startup Tech Valley (SUTV) event at Brown’s Revolution Hall in Troy on Sept. 18,
