The amount of federal seed funding that Capital Region small businesses received in fiscal 2022 increased over the year to more than $19 million, according to a Center for Economic Growth (CEG) analysis of data from the U.S. Small Business Administration. In fiscal 2023, 15 firms in the eight-county Capital
Employment in the Capital Region’s high-tech R&D industry last summer surpassed an 18-year high, with Albany County driving that growth. This employment growth follows increases in R&D spending by local universities and businesses in the eight-county region, according to a Center for Economic Growth (CEG) analysis of data from the
As the University at Albany and Rensselaer Polytechnic Institute ramp up their artificial intelligence and quantum computing capabilities, the Capital Region is already emerging as a top AI innovation market that continues to attract millions in federally funded, AI-related R&D. Between 2010 and 2022, the U.S. Patent and Trademark Office
Two Capital Region startups received their first research grants from the National Institutes of Health (NIH) in fiscal 2023, and the area’s two largest universities also received their largest amounts of NIH funding in several years, according to a Center for Economic Growth (CEG) analysis of data from the NIH
Capital Region tech firms received nearly $16 million in federal seed funds for R&D projects. The research projects ranged from composites for unmanned aircraft and hydrogen turbines, aerodynamic sensor tape for offshore wind turbines, and an open-source artificial intelligence software infrastructure for science that is designed for researchers, according to
Living up to its claim as being the “birthplace of innovation,” Schenectady County ranks second in the nation for utility patenting intensity over the past two decades. And throughout the Capital Region, inventors are especially productive when it comes to generating patents for semiconductor and environmental technologies , according to
80+ Companies from 18 States and 13 Countries Assigned Patents Listing Local Inventors The Capital Region continues to rank among the nation’s billion-dollar class of metropolitan statistical areas (MSAs) for business research and development spending, according to new study from the National Center for Science and Engineering Statistics (NCSES). And
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 Troy Record: Capital Region digital gaming cluster stays 500 strong, with
New U.S. Census Bureau estimates show Saratoga County was New York’s second fastest-growing county in 2022. Additionally, Saratoga, Warren and Washington counties were three of only 10 New York counties to see domestic migration growth over the year, according to a Center for Economic Growth (CEG) analysis of new U.S.
As employers struggle to fill jobs, Capital Region manufacturers, retailers and warehousing operators are having better success at attracting workers from other sectors than they did before the pandemic, when compared to employers in healthcare and construction, according to a Center for Economic Growth (CEG). Fewer Job Flows In
