Velan Studios Scores 1st Patent, 10% of Activision’s Patents List Capital Region Inventors The Capital Region’s Digital Gaming Cluster is emerging not only as the developer of some of the industry’s biggest titles but also a leading innovator of patented video game technologies. In the last three years, the region
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 Daily Gazette: Down to Business: Disaster is difficult for businesses to
In 2021, the Capital Region prominently appeared in more than 50 national rankings, with its real estate market, appeal to Millennials and Gen Z-ers, and small business environment being recognized on multiple occasions. The below rankings reflect the quality of life and economic opportunity that the eight-county region offers and
Capital Region personal income last year grew at its fastest rate in 31 years, driven by a $1.8 billion year-over-year increase in unemployment insurance (UI) benefits and additional federal stimulus payments, according to a Center for Economic Growth analysis of new data from the U.S. Bureau of Economic Analysis (BEA).
As Congress debates whether to pursue a new federal agency dedicated to cutting-edge R&D “to transform health and medicine,” the Capital Region’s economy is already being boosted by other federal Advanced Research Projects Agency (ARPA) initiatives for defense and energy applications. In fact, in 2021 Capital Region firms were working
For Immediate Release: December 8, 2021 Media ContactJames SchlettDirector of Research and Communications518-465-8975 x221jamess@ceg.org CEG Awards Nearly $50,000 in Reshoring and Supply Chain grants to 5 Capital Region MFGs ALBANY, NEW YORK – Many New York manufacturers, especially those in Downstate regions, are bullish on reshoring their production
An Urban Institute “Reenvisioning of Rural America” is honing in on the strengths and potential of the Capital Region’s rural communities while also concentrating the size of its rural footprint. Whereas the federal government has traditionally negatively defined rural areas as any non-urban areas, a new Urban Institute study instead
The Capital Region’s hottest ZIP code for net employer growth is the one covering Ballston Spa and Malta (12020), which includes GlobalFoundries’ Fab 8 chip fab. Other top employer-growing ZIP codes included Latham (12110), Rensselaer-East Greenbush (12144), Albany’s downtown and warehouse district (12207) and Queensbury-West Glens Falls (12804), according to
Among mid-sized metros, the manufacturing sector of Albany-Schenectady-Troy metropolitan statistical area (MSA) was the 10th strongest in the country for net job creation between 2015 and 2019 – and it was No. 1 in the Northeast, according to a Center for Economic Growth (CEG) analysis of new data from the
Forbes recently surveyed 16 experts on the tech trends they believe will dominate the tech industry in 2022. Several local companies and researchers are helping the Capital Region stay ahead of these trends. Below are examples. Automation Precision Valve & Automation recently moved its headquarters from Cohoes to Halfmoon,
