January 14 2021
Economic Analysis, General, Regional/County Profiles

Capital Region’s Productivity Hit 14-Year High in 2019

Just before the pandemic, the Capital Region experienced its strongest gross regional product (GRP) growth in 14 years, with a jump in productivity in the Glens Falls metropolitan statistical area (MSA) pushing the annual output total over the top, according to a Center for Economic Growth (CEG) analysis of new

January 12 2021
Biotechnology/Life Sciences/Pharmaceuticals, General, News, R&D

Capital Region Nets $81.5M in NIH Awards – Most in 12 Years

FOR IMMEDIATE RELEASE GE Research receives record amount of NIH awards, Union prof’s neuro-exergame in clinical trials   ALBANY, NEW YORK – In fiscal 2020, the Capital Region’s Life Sciences Cluster received its greatest amount of National Institutes of Health (NIH) awards in 12 years, when adjusting for inflation. The

December 14 2020
General, Regional/County Profiles

Capital Region Businesses Awarded $1.6 B in PPP Loans

Nearly 250 lenders approved $1.6 billion in Paycheck Protection Program (PPP) loans for Capital Region businesses, with the construction, healthcare and social assistance, and professional and technical services sectors receiving the most in relief funds. KeyBank emerged as the eight-county region’s leading PPP lender, with its total loan amount and

December 14 2020
General

CEG Names Pitch Your Pivot Winners: Head Heart Hands Consulting Takes $5,000 Grand Prize

The grand prize winner of the Center for Economic Growth’s Pitch Your Pivot Competition is an education and equity consulting firm that expanded its prospective client base during the pandemic by evolving into a Wellness, Inclusion, Diversity and Equity (WIDE) strategy service provider for nonprofits and corporations. The startup has

November 13 2020
COVID-19, General, News

Capital Region Leads NYS in Growth of Applications for Biz Formation, Albany Co. Leads Northeast

Amid COVID-19, NYS Business Applications Surge to Record High in Q3 ALBANY, NEW YORK – New U.S. Census Bureau data reveals that just before the onset of the coronavirus pandemic, the Capital Region had seen the fastest growth in applications to form businesses over the last five years out of

November 13 2020
COVID-19, General

8,000+ Capital Region Businesses Received $442M in COVID-19 Disaster Assistance Loans

Amid the economic crisis sparked by the coronavirus pandemic, more than 8,000 of Capital Region businesses received more than $442 million1 in Economic Injury Disaster Assistance Loans (EDIL) from the U.S. Small Business Administration (SBA), according to a Center for Economic Growth (CEG) analysis of new data from USAspending.gov. The

November 13 2020
Education/Training, Employment/Workforce, General

4 in 5 Employed Capital Region SUNY Undergrads Are Still NYers 5 Years Post-Grad

HVCC has highest 5-year, post-grad employment rate among NYS community colleges, SUNY ADK has 3rd About four in five Capital Region SUNY school graduates who were employed five years after receiving an associate’s or bachelor’s degree were still living in New York, according to a Center for Economic Growth (CEG)

November 13 2020
General, Manufacturing, Software/Gaming/IT

Success Story: QTH 54 Software Brings Efficiencies to Simmons Machine Tool Corporation

Last year Timothy M. Williamson began working with two partners to resolve a problem that had been running up costs and hurting efficiency at a high tech production facility. The problems consisted of hold ups, labor costs and down production due to the unavailability of parts and operations manuals for

October 22 2020
General, News

Katie Newcombe Selected as CEG’s Chief Economic Development Officer

FOR IMMEDIATE RELEASE ALBANY, NEW YORK – The Center for Economic Growth (CEG) is pleased to announce that Katie Newcombe has been named its new Chief Economic Development Officer. She comes to CEG with more than a decade of experience in economic development, spanning multiple states and public, private and

October 13 2020
Economic Analysis, Employment/Workforce, General

The Capital Region is the Nation’s 4th Leading Destination for Relocating NYC Workers

ALBANY, NEW YORK – New U.S. Census Bureau data reveals the Albany-Schenectady-Troy metropolitan statistical area (MSA) is the nation’s fourth biggest attractor of greater New York City metro area workers who relocate for jobs, according to a Center for Economic Growth (CEG) analysis of U.S. Census Bureau Job-to-Job Flows Explorer

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