February 11 2021
General, Research & Development

Businesses Spent This Much More on R&D at Capital Region Colleges and Universities

R&D funded by businesses up 51% at RPI, 39% at SUNY Poly Increased business funding helped fuel a 6.9 percent increase in research and development spending at Capital Region colleges and universities in 2019, according to a Center for Economic Growth (CEG) analysis of new data from that National Center

February 11 2021
General, Nanotechnology

These Semiconductor Startups Drove the Capital Region to an NSF Seed Funding Record

The federal agency chiefly responsible for driving innovation and commercialization in the private marketplace awarded a record sum of seed funding to Capital Region startups in fiscal 2020, with advanced-stage semiconductor R&D boosting the award total, according to a Center for Economic Growth (CEG) analysis of preliminary data from the

February 5 2021
General, News

Week in Review: February 1 – February 5, 2021

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 Times Union: Venture B session to hear presentation of semiconductor planarization

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, Research & Development

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

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)

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