Among the principal counties of the nation’s top 50 metropolitan statistical areas (MSAs) for science, technology, engineering and mathematics (STEM) professionals, Albany County has the fifth lowest overall risk from expected annual loss due to natural hazards. Albany is also the second most capable STEM Hub to prepare and respond
The Albany-Schenectady-Troy metropolitan statistical area (MSA) has one of New York’s lowest percentages of households severely cost-burdened by rents and home ownership, but their ranks are increasing faster than most other metros in the state, according to a Center for Economic Growth (CEG) analysis of U.S. Census Bureau American Community
Commuter flows from Washington County to Saratoga County have surged over the past five years, according to a Center for Economic Growth (CEG) analysis of new U.S. Census Bureau American Community Survey estimates. Between 2016 and 2020, an average 4,687 Washington County residents commuted to Saratoga County for work –
The first year of the pandemic took its toll on the ranks of freelancer, independent contractors and other nonemployer establishments in regions across New York, but the Capital Region was the only one where their total sales, value of shipments, or revenues increased. While Capital Region nonemployer establishment losses were
In 2022, the Capital Region had New York’s fastest-growing Hispanic population – and the state’s second fastest-growing black and African American population, according to a Center for Economic Growth (CEG) analysis of new U.S. Census Bureau estimates. And recently released statistics from the 2020 decennial census also reveal that the
The City of Albany was one of only seven cities in New York State that saw an annual population gain in 2022, while the City of Saratoga Springs experienced its first loss of residents in 12 years. During the same period, a quarter of the Capital Region’s towns and nearly
Householders Living Alone Emerge as Driving Force in Regional Housing Market, Especially in Saratoga County ALBANY, NEW YORK – As New York struggles with a shortage of homes for sale and for rent, new statistics from the 2020 Decennial Census show the Capital Region led upstate in growing its
In 2021 Columbia Ranks 3rd for Adjusted Gross Income Net Gain, Saratoga 1st for Individual Net Gain The Capital Region’s rural counties in 2021 continued to be among the state’s top net attractors of movers and income, especially those relocating to Columbia and Greene Counties, according to a Center for
The Capital Region leads New York for growing its ranks of microbusinesses with websites since the start of the pandemic, according to data from the largest domain registrar GoDaddy. Between 2020 and 2022, the number of active GoDaddy-registered microbusinesses in the eight-county Capital Region increased by 6.2 percent to
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
