The life sciences vitalized the Capital Region’s STEM talent pipeline during the pandemic. In 2020, the eight-county region’s traditional colleges and universities saw an 8.3 percent increase in science, technology, engineering and mathematics (STEM) degrees1 – boosted by sizeable gains in biological and biomedical sciences degree awards at the University
While venture capital tends to concentrate in large metros such as New York City and Boston, businesses in the Albany metro area are faring better at attracting VC investment better than those in their mid-sized counterparts in the Northeast, according to a Center for Economic Growth analysis of U.S. Census
The Situation Precision Valve & Automation (PVA) is a manufacturer of fluid dispensing solutions and custom automation products. Its automated dispensing, coating, curing, board handling and printing systems are used by an array of industries, including from solar, semiconductor packaging, printed circuit board assembly, medical device manufacturing, and consumer electronics.
The National Telecommunications and Information Administration (NTIA) has identified 27 Census tracts in the Capital Region indicating a need for broadband due to their low Internet access and/or slow upload and download speeds, according to a Center for Economic Growth (CEG) analysis of the NTIA’s new Indicators of Broadband Need
The Capital Region emerged as the only one of New York’s 10 economic development regions to see growth in total annual wages in 2020. The Capital Region also sustained the smallest percentage of job losses in the state last year. Even more, Rensselaer County’s wage growth was the strongest in
Business formation continued in the Capital Region throughout 2020 and despite the pandemic. Last year, 9,456 applications to form a business were filed in the eight-county Capital Region, up by 295 (3.2 percent) from the previous year, according to a Center for Economic Growth (CEG) analysis of new U.S. Census
As the Capital Region emerges as a leading East Coast offshore wind (OSW) component manufacturing hub, the area is already at the forefront of wind energy R&D. In 2020, one in 12 wind energy patents awarded by the U.S. Patent and Trademark Office (PTO) listed an inventor from the Capital
The Capital Region’s ability to attract higher-earning taxpayers helped offset a small contraction in its base of individual income tax filers in 2019, resulting in an annual net gain of wealth, as measured by adjusted gross income (AGI), according to a Center for Economic Growth analysis of new Internal Revenue
Amid the pandemic and as a transformative redevelopment project neared completion on Starbuck Island, Green Island emerged as New York’s fastest-growing town and village in 2020. Three more towns and three more villages from the Capital Region also ranked among state state’s fastest-growing communities, according to a Center for Economic
Capital Region businesses have until July 30 to submit a consolidated funding application (CFA) for several state agency programs participating in Round XI of the Regional Economic Development Council (REDC) process. This year, the Capital Region Economic Development Council (CREDC) will be assessing CFA based on their project readiness, potential
