April 17 2020
COVID-19, Trade/Transportation

CEG Webinar Series, Part 1: 3 Questions on COVID-19 for Tom Valentine

CEG is hosting a free, six-part webinar series offering insight on the COVID-19 pandemic’s impact on business and how we can move past it.  To familiarize you with the presenters and their unique perspectives on the crisis, CEG has asked them to respond to three questions. Webinar 1: COVID-19: A

February 21 2020
Trade/Transportation

The Capital Region’s North American Trade Partners

If Canada ratifies the United States-Mexico-Canada Agreement (USMCA) as expected, it could help the Capital Region1 boost trade with its northern neighbor. With the USMCA promising to provide U.S. producers of automotive parts and dairy and poultry products with new market access to Canada– and motorized vehicles and agricultural foodstuffs

January 13 2020
Trade/Transportation

Capital Region’s Prime Location Drives $4.1B in Domestic Truck Freight Shipments

More than $4 billion in goods are domestically transported from the Capital Region annually by truck. While the majority (88.6 percent) of that freight (by value) is shipped by truck throughout Northeast, 5.9 percent goes to states in the South, 3.8 percent to the Midwest and 1.7 percent to the

August 8 2018
R&D, Trade/Transportation

Innovation Drove Capital Region Export Growth

In 2017, exports from the Capital Region increased over the year by 2.6 percent, with its R&D to Commercialization Cluster driving most of that gain, according to a Center for Economic Growth (CEG) analysis of data from the Brookings Institution’s 2018 Export Monitor. Innovation-Related Exports In 2017, nominal (current dollar)

March 14 2018
News, Trade/Transportation

How buses can drive economic development

Times Union By: Eric Anderson Local officials embrace options for getting around When the Capital District Transportation Authority rolled out its Universal Access program, it gave employees and students at 20 major colleges and businesses the option to take any bus, any time, on the transit authority’s route network. The

March 8 2018
Trade/Transportation

Albany Area Port Imports Climb to 15-Year High

Imports last year continued to gain steam at Albany area ports, climbing to a 15-year high. In 2017, area ports registered imports with a vessel shipping weight totaling 1.3 million kilograms, up 6.2 percent from 2016 and up 94 percent from five years earlier. The ports’ total imported shipping weight

December 6 2017
Trade/Transportation

Where Capital Region Exports Are Growing

Last year, the Capital Region  made significant inroads in exporting merchandise to several world regions, particularly South America, Central America, the Middle East and Africa, according to a Center for Economic Growth analysis of International Trade Administration (ITA) data. Fastest-Growing Export Regions In 2016, Albany-Schenectady-Troy metropolitan statistical area (MSA) merchandise

September 8 2017
General, Manufacturing, Trade/Transportation

Global Trade Opportunities in the Capital Region

Despite a strong U.S. dollar (USD) and weaker global demand, Capital Region exports held steady in 2016, according to a Center for Economic Growth (CEG) analysis of new Brookings Institution estimates. Exports throughout the eight counties last year totaled $5.978 billion, up 7.3 percent from five years earlier. Impacting that

March 7 2017
Trade/Transportation

Capital Region’s Logistics & Distribution Industry Boosted by Vessel Imports

Last year, the Albany, New York metro area increased imports carried by vessels, giving the Capital Region’s burgeoning logistics and distribution industry a boost, according to a Center for Economic Growth (CEG) analysis of U.S. Census Bureau USA Trade Online data. Vessel Imports In 2016, 1.2 billion kilograms, or 1.3 million

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