January 2 2019

CEG Economic Development Week in Review – December 24 – December 28, 2018

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:


Saratogian: Hudson Valley Gamer Con receives $152K grant

Leader-Herald: FMCC looks at apprenticeship programs


This startup’s fiber materials, smaller than a piece of human hair, could advance a billion dollar industry

“Tucked away off Route 50 in Saratoga Springs, New York, a small startup is creating materials that billion dollar companies have spent decades trying to perfect.

Free Form Fibers is a six person company creating ceramic fibers that can be woven into durable parts for the nuclear and aviation industries. The team is made up of all Ph.D.s figuring out problems that could advance billion dollar businesses.”

Albany area adds 1,300 jobs

“The Albany-Schenectady-Troy metro area added 1,300 private-sector jobs in November. That was a 0.3 percent increase over the year prior.

The educational and health services sector added 2,000 jobs in November, compared with November 2017. Businesses in the construction and natural resources sector added 600 jobs.”

Capital Region jobless rate hovers near two-decade low

“The Capital Region jobless rate remained at a nearly 20-year low in November, substantially below year-earlier levels, despite a significant increase in the size of the workforce.

The state Department of Labor on Thursday reported the unemployment rate was just 3.1 percent in November 2018, the same as in the preceding month. The Albany-Schenectady-Troy Metropolitan Statistical Area hasn’t seen a November jobless rate that low since 1999 — or an October jobless rate that low since 2000. The only lower November jobless rate since county-level records began being kept — in 1990 — was 3 percent, in 1998.”



Funding Partners