The Capital Region has more than 20 U.S. Food and Drug Administration (FDA)-registered establishments involved in the manufacturing and preparation of more than 1,300 medical devices, according to a Center for Economic Growth (CEG) analysis of the FDA data. Establishment Types As of March 2021, the eight-county region had 25
Even before the recent surge in demand that is spurring GLOBALFOUNDRIES to increase its chip production capacities, the Albany-Schenectady-Troy metropolitan statistical area (MSA) was one of the nation’s fastest growing exporters of computer and electronic product manufacturing, according to a Center for Economic Growth (CEG) analysis of data from the
Partnership between Center for Economic Growth & Alliance for the CreativeEconomy, others, worked to develop key elements (Albany, N.Y.) – The Center for Economic Growth (CEG) and Alliance for the CreativeEconomy (ACE) partnered to develop a brand and tagline to help create an identity forthe region, celebrate pride of place,
FOR IMMEDIATE RELEASE CEG Launches GameOnNY.Org to Attract Game Development Investment, Studios and Talent ALBANY, NEW YORK – The Capital Region’s large digital gaming studios grew their employment by 16 percent over the past year as the pandemic stoked demand for video games. The local community of indie studios also
Before COVID-19 triggered mass movements away from major urban tech hubs, the Albany-Schenectady-Troy metropolitan statistical area (MSA) was already attracting many more people from major tech metros such as New York City, Phoenix, San Francisco and San Jose than they were attracting from it, according to a Center for Economic
The Capital Region is New York’s second leading economic development region in reducing its ranks of people in poverty, according to a Center for Economic Growth (CEG) analysis of U.S. Census Bureau five-year estimates. Regions Between 2015 and 2019, the eight-county Capital Region averaged 108,471 people below the poverty level.
By the end of summer, Capital Region clothing stores and personal service providers such as hair and beauty salons experienced the biggest employment rebounds while food services and beverage places, such as restaurants, sustained the heaviest job losses, according to a Center for Economic Growth analysis of new data from
With Gov. Andrew Cuomo announcing last month the Port of Albany would host the nation’s first offshore wind (OSW) tower manufacturing facility, it was another sign of how the Capital Region is poised to become a major supply chain hub for the OSW industry. But one local company is already
Traveler spending in the Capital Region’s tourism industry grew at a slower pace in 2019, but it still outpaced seven of the state’s 10 economic development regions, according to a Center for Economic Growth (CEG) analysis of New York State Economic Development Corp. statistics. In 2019, travelers to the eight-county
R&D funded by businesses up 51% at RPI, 39% at SUNY Poly Increased business funding helped fuel a 6.9 percent increase in research and development spending at Capital Region colleges and universities in 2019, according to a Center for Economic Growth (CEG) analysis of new data from that National Center
