February 13 2023

Capital Region University R&D Breaks $700M-Mark

As the Capital Region positioned itself to be the home of the National Semiconductor Technology Center (NSTC) in fiscal year 2021, university research and development spending at local colleges and universities climbed to an eight-year high, according to a Center for Economic Growth analysis of new data from the National

December 13 2022
Nanotechnology, R&D, Regional/County Profiles

Albany Has 10th Largest “High Tech” Industry among Mid-Sized Metros

New U.S. Census Bureau experimental data shows that, among mid-sized metros, the Albany-Schenectady Troy metropolitan statistical area’s high tech industry has the 10th most jobs in the U.S. and the second most among those in the Northeast. Reinforcing the Albany metro area’s claim to being a “Tech Valley, the Census

October 17 2022
Entrepreneurship, R&D

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

July 29 2022
Nanotechnology, News, R&D

Statement from Mark Eagan on the House Passing the Chips and Science Act

FOR IMMEDIATE RELEASEJames Schlett, Director of Communications and Research518-431-1488| jamess@ceg.org  (July 28, 2022) – Below is a statement on the House’s passage of the Chips and Science bill, from Mark Eagan, president & CEO of the Center for Economic Growth and Capital Region Chamber Now that the CHIPS and Science

February 11 2022

Capital Region University R&D Spending Rose During the Pandemic in FY2020

Business Funding at Local Colleges and Universities Eclipses State Funding Boosted by increased business funding, Capital Region university research and development spending continued to climb during the pandemic in fiscal 2020, reaching a seven-year high, according to a Center for Economic Growth (CEG) analysis of data from the National Center

February 10 2022

NIH Awards $73.6M for R&D in the Capital Region

Stemcultures gets 1st NIH grant, Regenerative Research Foundation sets institutional record COVID-19-related research and development helped push the total amount of National Institutes of Health grants awarded to Capital Region institutions and firms to its third greatest amount in the past decade, according to a Center for Economic Growth (CEG)

December 14 2021

As Congress Eyes New ARPA, Capital Region Has $170M+ in Advanced Research Projects

As Congress debates whether to pursue a new federal agency dedicated to cutting-edge R&D “to transform health and medicine,” the Capital Region’s economy is already being boosted by other federal Advanced Research Projects Agency (ARPA) initiatives for defense and energy applications. In fact, in 2021 Capital Region firms were working

October 18 2021
Advanced Materials, Biotechnology/Life Sciences/Pharmaceuticals, Clean Technology, Employment/Workforce, General, Manufacturing, Nanotechnology, R&D, Software/Gaming/IT

Capital Region Industry Fliers – 2021

See CEG’s latest industry profiles below. These new promotional materials provide business leaders and talent with insights into the strength of the regional economy and why they should relocate or expand here. Select the link on each image to download the flyer. The following industry fliers are available for download:

October 15 2021
Clean Technology, R&D

NY and US Renewable Energy R&D Funding Nearly Doubles for Capital Region Businesses

Offshore wind (OSW) and hydrogen fuel cells sent state- and federally funded renewable energy research and development by Capital Region businesses into overdrive in 2020. Last year, the U.S. Department of Energy (DOE) and New York State Energy Research and Development Authority (NYSERDA) awarded $18.6 million in renewable energy R&D

October 15 2021
Entrepreneurship, R&D

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

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