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
The federal agency chiefly responsible for driving innovation and commercialization in the private marketplace awarded a record sum of seed funding to Capital Region startups in fiscal 2020, with advanced-stage semiconductor R&D boosting the award total, according to a Center for Economic Growth (CEG) analysis of preliminary data from the
Just before the pandemic, the Capital Region experienced its strongest gross regional product (GRP) growth in 14 years, with a jump in productivity in the Glens Falls metropolitan statistical area (MSA) pushing the annual output total over the top, according to a Center for Economic Growth (CEG) analysis of new
As 2021 opens with the likelihood of several more months of work from home and virtual classes, the Capital Region will benefit having one of the nation’s highest concentrations among metropolitan commutersheds1 of households with high-speed broadband subscriptions.2 The region also has as one of the smallest gaps between households
Skidmore set to double R&D space with CIS, Ualbany preps ETEC for June opening The Capital Region’s academic research and development footprint spanned 1.5 million square feet in 2019 and promises to stretch farther with several building projects in the pipeline. Most notably among those developments are the University at
Capital Region businesses continue to spend more than $1 billion on research and development, making it one of only 51 metros nationwide to surpass that threshold, according to a Center for Economic Growth (CEG) analysis of new data from the National Center for Science and Engineering Statistics (NCSES). R&D spending
