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
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
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
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
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
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)
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
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:
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
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
