The Capital Region’s professional, scientific and technical services sector created a record number of jobs in 2023, according to a Center for Economic Growth (CEG) analysis of new data from the U.S. Census Bureau’s Business Dynamics Statistics series. In the eight-county Capital Region in 2023, the professional, scientific and
The Center for Economic Growth (CEG) this week will be representing the Capital Region’s Advanced Electronics R&D and Manufacturing Cluster at SEMICON West in Pheonix. There are several major projects for CEG to highlight, including the multi-billion dollar EUV Lithography Center at the Albany NanoTech Complex, with accessible standard EUV
The Capital Region’s small firms and academic institutions saw an uptick in patent awards in 2024 after dipping the previous year. And nearly a dozen local small firms – including one headed by Etsy’s founder – received their first patents, according to a Center for Economic Growth (CEG) analysis of
GE Aerospace’s Hypersonic Dual-Mode Ramjet Capital Region tech firms are developing advanced materials that can withstand high temperatures, ranging from those experienced by hypersonic vehicles, rockets and hydrogen-powered long-haul tucks. Starfire Systems Last year, Starfire Systems in Glenville was granted its first patent in a decade. The
Contract manufacturing operations in the Capital Region’s Life-Sciences Cluster have been expanding their abilities to produce kilogram-scale batches of small molecules and active pharmaceutical ingredients (APIs) in facilities that are compliant with good manufacturing practices (GMP). At the University of Albany’s Health Sciences Campus in East Greenbush, two biotech firms
An EUV workstation at the Albany NanoTech Complex. Even before the Albany NanoTech Complex was designated a National Semiconductor Technology Center flagship facility for standard and high numerical aperture (NA) extreme ultraviolet (EUV) research and development, the Capital Region already had an advantage over most states when it came to
UAlbany’s new supercomputer for its AI Plus initiative Capital Region business research and development spending increased at its fastest rate in years in fiscal year 2022, according to a Center for Economic Growth analysis of new data from the National Center for Science and Engineering statistics. In 2022, businesses spent
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
