The gross regional product (GRP) of the Capital Region’s private sector increased over the last five years by 6.1 percent, boosted by robust growth in the real estate, information, health care and manufacturing sectors, according to a Center for Economic Growth analysis.1 Regional Performance GRP is defined as “the market value of all goods and
Tech and Navy hubs are major contributors to region’s population A county containing a large U.S. Navy base in South Carolina and two more counties with major tech hubs in Arizona and Massachusetts are sending more population “flows,” or movers, to the Capital Region than any other outside of New York, according to a Center
The Capital Region is one of only three state economic development regions that has maintained its ranks of young adults grow over the last five years – and New York City is not one of them. In fact, out of New York’s 62 counties, only 17 grew their young adult populations between 2014 and 2018
Two Capital Region cities were among New York’s top 10 for fastest-growing cities in 2018. With a 223 year-over-year population gain (0.3 percent), Schenectady was the state’s sixth fastest-growing city, and Saratoga Springs’ 68-person annual gain (0.2 percent) made it the 10th, according to a Center for Economic Growth (CEG) analysis of new U.S. Census
The Capital Region again was state’s second-fastest growing region in 2018. The eight-county region last year had a population of 1,084,941, up 248 from the previous year. The only region with stronger year-over-year growth was the Mid-Hudson Region at 0.1 percent, according to a Center for Economic Growth analysis of new U.S. Census Bureau data.
