March 15 2024
Employment/Workforce, Research & Development

Capital Region Tech R&D Industry Sets New Employment Record

Employment in the Capital Region’s high-tech R&D industry last summer surpassed an 18-year high, with Albany County driving that growth. This employment growth follows increases in R&D spending by local universities and businesses in the eight-county region, according to a Center for Economic Growth (CEG) analysis of data from the

March 15 2024
Software/Gaming/IT

Capital Region Digital Gaming Cluster Stays 500 Strong

20 studios 510 workers Large studio employment at 476 with 25% working remotely outside NYS New studios: Yurisoft, MiniTuna Studios New office: Rushdown Studios at 19 Railroad Pl. in Saratoga Springs ALBANY, NEW YORK – Capital Region video game studios have managed to hold the line and keep their regional

March 15 2024
Regional/County Profiles

Adjusted Gross Income Grows by $6.6B in Capital Region, $1.8B in Downtown Saratoga

Between 2020 and 2021, the adjusted gross income (AGI) income of Capital Region taxpayers increased by $6.6 billion – with nearly a third of that gain being concentrated in the Saratoga Springs 12866 ZIP code. While higher wages and salaries and capital gains drove up the region’s AGI, the number

March 15 2024
News

CEG Economic Development Week in Review March 11 – March 15, 2024

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 WNYT News 13: Capital Region farming space drop   REGIONAL

March 15 2024
Economic Analysis, General, Regional/County Profiles

Albany Metro Has NY’s Largest Population Gain in 2023

  1st largest annual population gain among NYS metros: Albany-Schenectady-Troy MSA 3rd largest annual population gain among NYS counties: Albany County 3rd largest annual increase in domestic migration among NYS counties: Warren County 5th largest annual population gain among NYS counties: Saratoga County The Albany-Schenectady-Troy metropolitan statistical area (MSA) in

March 8 2024
News

CEG Economic Development Week in Review March 4 – March 8, 2024

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 WNYT News 13: Food, beverage manufacturers boosting Capital Region employment

March 1 2024
News

CEG Economic Development Week in Review February 26 – March 1, 2024

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 Saratoga Today: 10,000+ New Jobs: Federal Government Invests $1.5 Billion

February 23 2024
News

CEG Economic Development Week in Review February 19 – February 23, 2024

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 Wind Systems Management: Assessment: Offshore wind at NY ports will

February 14 2024
Creative/Agriculture/Food

Capital Region Generates More Agricultural Sales with Fewer Farms

The Capital Region’s agricultural footprint shrunk over the last six years, though the amount of labor hired by farms remained stable and total sales increased significantly, especially in the equine, fruit and dairy markets, according to a Center for Economic Growth (CEG) analysis of the U.S. Department of Agriculture’s 2022

February 13 2024
Creative/Agriculture/Food, Manufacturing

Food & Beverage Drives MFG Establishment Growth in Capital Region

Food and beverage manufacturers have become the primary drivers of new employer establishments in the Capital Region’s manufacturing sector, according to a Center for Economic Growth (CEG) analysis of data from the New York State Department of Labor.   By the second quarter of 2023, the Capital Region had 205

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