January 12 2024
Entrepreneurship, Manufacturing, Success Story

Capital Region Manufacturing Startups Rebound and Rev Up

Employment among the Capital Region’s startup manufacturers rebounded in 2022 after entrepreneurial activity in the sector hit a decades-low during the pandemic, according to a Center for Economic Growth analysis of U.S. Census Bureau Business Dynamics Statistics (BDS) and Quarterly Workforce Indicators (QWI) surveys. In 2021, the eight-county Capital Region

December 12 2023
Entrepreneurship

Albany Metro’s Ranks of BIPOC- & Veteran-Owned Businesses Saw Strong Growth in 2021

The Capital Region’s ranks of Asian- and veteran- and equally male/female-owned businesses grew rapidly in the year after the pandemic started, according to a Center for Economic Growth (CEG) analysis of U.S. Census Bureau Annual Business Survey (ABS) data. In 2021, the five-county Albany-Schenectady-Troy metropolitan statistical area (MSA) had 15,029

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

July 12 2023
Entrepreneurship

SBA Loans for Capital Region Startups and New Businesses Doubles from Pre-Pandemic

The number of Capital Region startups and new businesses receiving funding from the Small Business Administration’s 7(a) and 504 programs has doubled since before the pandemic, according to a Center for Economic Growth (CEG) analysis of SBA data.     Loan Volumes In fiscal year 2022, 63 SBA 7(a) and

May 16 2023
Entrepreneurship, Regional/County Profiles

GoDaddy: Capital Region leads NYS for Microbusiness Growth Since Pandemic Started

The Capital Region leads New York for growing its ranks of microbusinesses with websites since the start of the pandemic, according to data from the largest domain registrar GoDaddy.   Between 2020 and 2022, the number of active GoDaddy-registered microbusinesses in the eight-county Capital Region increased by 6.2 percent to

January 17 2023
Entrepreneurship, News

Week in Review: January 9, 2023-January 13, 2023

Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on:   CEG IN THE NEWS Albany Business Review: New York’s video game development tax credit

October 17 2022
Entrepreneurship, Research & Development

Capital Region Tech Firms Received $16M in Federal Seed Funding in FY 2021

Capital Region small businesses received nearly $16 million in federal seed funding for R&D in fiscal 2021. Those recipients included three startups that got their first awards under the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, according to a Center for Economic Growth (CEG) analysis

March 14 2022
Economic Analysis, Entrepreneurship, News

Capital Region’s Startup Formation Rate is Upstate’s 2nd Highest

Startup formation throughout upstate New York has been second strongest in the Capital Region, according to a Center for Economic Growth analysis of data from U.S. Census Bureau Business Dynamics Statistics. Establishment Births Between 2015 and 2019, the eight-county Capital Region averaged 2,067 annual employer establishment births, or 8.4 percent

October 15 2021
Entrepreneurship, Research & Development

Capital Region Firms Netted $15.5M in SBIR & STTR Funds in 2020

Fifteen Capital Region small businesses received $15.5 million in federal seed funding grants for research and development in fiscal 2020. That included a record annual sum from the National Science Foundation (NSF), according to a Center for Economic Growth analysis of SBIR.gov data. SBIR/STTR The SBIR program helps stimulate small

September 22 2021
Entrepreneurship

Census Business Builder: A Free Tool for Entrepreneurs in Need of Market Research Data

An easy-to-use and free tool available for entrepreneurs interested in demographic or market intelligence is the U.S. Census Bureau’s Census Business Builder (CBB). The CBB provides demographic data tailored to specific users: small business owners and regional analysts. The CBB pulls from data from the Census Bureau’s American Community Survey.

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