Congress passed a $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act. Many Capital Region businesses will need the funding and financial tools it provides to recover from the economic disruptions caused by COVID-19. The Center for Economic Growth is helping local businesses identify stimulus-related funding programs as well as
There is a tremendous amount of information for businesses on how to respond to the coronavirus pandemic and its impacts on operations. It can be overwhelming. That is why the Center for Economic Growth has compiled this list of 25 links we believe are important to both Capital Region employers
New York State is looking for manufacturers that can help produce critical medical supplies during the COVID-19 crisis. The state is encouraging companies that have the proper equipment and personnel to begin manufacturing Personal Protective Equipment (PPE) products, such as masks. We would like to hear from you. If you
FOR IMMEDIATE RELEASE Media Contact James Schlett Director of Research and Communications ALBANY, NEW YORK – With New York State’s nonessential business shutdown taking effect last night, the Capital Region’s essential manufacturers are continuing to operate today to produce needed supplies related to the coronavirus pandemic. These essential manufacturers, which
Company Profile: Vara Safety is the Latham, New York-based manufacturer of a biometric-controlled gun holster called Reach. Reach uses strategically placed biometrics to properly secure the handgun, and still allow immediate release. Reach units are designed to be mounted in your home, office or vehicle and are made of high-strength
When the Capital Region celebrates Manufacturing Day this Oct 4, it will do so with an expanding manufacturing sector. Over the past five years the sector has grown by 8.1 percent, according to a Center for Economic Growth (CEG) analysis of data from the New York State Department of Labor.
Area’s Drug Manufacturing Industry Becomes One of the Nation’s Largest The Capital Region’s pharmaceutical and medicine manufacturing industry is rapidly becoming the one of the nation’s largest. In the past five years, the five-county Albany-Schenectady-Troy metropolitan statistical area’s national ranking for jobs in this industry has climbed to 13th from
Department of Defense (DoD) spending for work primarily performed in the Capital Region rose over the year by 12.2 percent in fiscal 2017. In fiscal 2017, the amount the federal government owed1 for unclassified contract and grant award transactions was $151.1 million for work primarily performed in the eight-county region2,
With New York State pursuing one of the nation’s most ambitious plans for generating offshore wind (OSW), the Center for Economic Growth (CEG) is working to position the Capital Region’s two water ports as facilities for the manufacturing and fabrication of OSW components. In January 2018, New York State released
The Capital Region’s manufacturing sector employed more than 34,000 workers in 2017 and is projected to add nearly 2,800 over the next 10 years. That 7 percent increase in manufacturing employment far outpaces projections for the nation (0 percent) and state (-5 percent), according to estimates from Economic Modeling Specialists
