Highlights In 2025, the USPTO awarded nearly 600 semiconductor-related patents that list Capital Region inventors. 1 in 6 semiconductor patents listing local inventors pertained to photonics, optics, and/or quantum computing. GlobalFoundries is positioned to accelerate photonics R&D under $300 million agreement with U.S. Department of Commerce. PsiQuantum and Quantinuum
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Washington County MFGs continue work that Benedict Arnold spearheaded Photo credit: The gunboat Philadelphia was constructed at the Skenesborough shipyard and was launched on September 3, 1776. Courtesy Smithsonian. Highlights This spring marks the 250th anniversary of the Continental Army’s development of a shipyard in Whitehall and construction of
Highlights Albany-area port exports of high-tech machinery totaled $134.3 million in 2025. Annual high-tech machinery exports were up 135% — highest level in six years. Major export destinations included Saudi Arabia, Brazil, South Korea, and Australia. Export growth followed GE Vernova’s $170M+ in Schenectady County investments. Schenectady County
Highlights Capital Region manufacturing real GDP increases by 2.3 percent in 2024 – fastest in upstate. Rensselaer and Greene counties had the state’s second and sixth fastest-growing manufacturing real GDP. Greene County ranks No. 1 in New York for total real GDP growth. The Capital Region’s manufacturing sector led upstate
Boeing AH-64E Apache. Courtesy Boeing. Capital Region manufacturers are playing a greater role in supplying raw materials, parts, and advanced technologies for military aircraft, vehicles, vessels and weaponry. In fiscal 2024, top-tier defense contractor obligations to local subcontractors climbed to a six-year high. Now, several of those defense subcontractors
The Capital Region’s craft beverage manufacturing industry is nearing 1,000 jobs. At the same time, Saratoga County has tied Columbia County for the most active craft producer licenses in the region, according to a biennial survey of the industry by the Center for Economic Growth. Survey Results CEG’s biennial survey
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
A security clearance is becoming an increasingly in-demand qualification in the Capital Region as local tech workers play a greater role in manufacturing semiconductor devices for the U.S. Department of Defense and information security for the U.S. Department of Energy, according to a Center for Economic Growth (CEG) analysis of
As Capital Region students prepare to graduate this spring, those receiving degrees from local community colleges are increasingly getting jobs at manufacturers. In fact, among the state’s 10 economic development regions, community colleges in the Capital Region over the past decade saw the largest increase in graduates working in
