In 2017, exports from the Capital Region increased over the year by 2.6 percent, with its R&D to Commercialization Cluster driving most of that gain, according to a Center for Economic Growth (CEG) analysis of data from the Brookings Institution’s 2018 Export Monitor. Innovation-Related Exports In 2017, nominal (current dollar)
The Capital Region’s annual job growth was on par with its 10 peer economic regions in 2017. Although the peer regions had lower unemployment rates than the Capital Region, they are also dealing with more austere labor force shortages and greater wage inflation, according to a Center for Economic Growth
Albany Business Review By: Liz Young More companies have expressed interest in the Albany area since the region competed for Amazon’s second headquarters, said Andrew Kennedy. That includes video game makers, technology companies and life sciences firms, among others, said Kennedy, who leads the region’s Center for Economic Growth that
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 Times Union: Event at Rivers Casino to highlight minority- and women-owned
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 Times Union: CEG study finds one in 20 chip inventions happen
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 Semiconductor Engineering: NY design effort CEG’s Kennedy talks to the Daily
One in 20 semiconductor-related device patents1 awarded by the U.S. Patent and Trademark Office (PTO) in 2017 can be traced back to a Capital Region inventor, according to a Center for Economic Growth review of patents listed in PTO’s Patent Full-Text and Image Database. Capital Region inventors’ tally of semiconductor-related
Accelerate Update Two years after announcing the Accelerate Capital Campaign, CEG continues to see new companies and regional organizations becoming investors and helping shape the Capital Region’s economy. Our newest investors are: • Bender Lane Advisory • BestPass Inc. • Black Chamber of Commerce • The Bonadio Group •
The talent pipeline for the Capital Region’s technology sector continued to expand in 2017, with traditional colleges and universities throughout the eight counties seeing a 10.3 percent year-over-year increase in STEM degrees awarded, according to a Center for Economic Growth Analysis of new data from the Integrated Postsecondary Education Database
Employment in the Capital Region’s manufacturing sector last year climbed to its highest level since 2001. In 2017, the eight-county region’s manufacturers drove a 1.6 percent annual net jobs gain to an annual average of 34,322. Employment was up 7.6 percent from five years earlier, according to a Center for
