Technology Sectors

Manufacturing and technology have been driving the Capital Region’s economy for more than a century, and they continue to run smart and strong here. Backed by R&D centers at the Colleges of Nanoscale Science & Engineering at SUNY Polytechnic Institute, Rensselaer Polytechnic Institute, GE Global Research, Albany Medical Center and the Pharmaceutical Research Institute, local companies in Albany, Troy, Schenectady, Hudson, Catskill, Saratoga Springs and Glens Falls are able to retain their competitive advantages in the global marketplace.

Our key technology and manufacturing sectors of focus include the following:

Artificial Intelligence

In 2021, the Brookings Institute identified the Capital Region as one of 87 potential artificial intelligence adoption centers. The region stood out nationally for its AI-related federal contracts and R&D conducted by GE Research in Niskayuna, Kitware in Halfmoon, and Rensselaer Polytechnic Institute in Troy.

Highlights: Home to IBM Artificial Intelligence Hardware Center and one of the most powerful supercomputers on a private university- campus

Sample Companies: IBM Research, GE Research


R&D to Commercialization

Driving cutting-edge research in several fields, including semiconductor devices, wind energy, pharmaceuticals, artificial intelligence, quantum computing, and chemicals. With one of the nation’s highest concentrations of jobs in the physical, engineering, and life sciences R&D services industry, the cluster attracts more than $1 billion in private research spending annually. Leveraging assets and talent at the Albany Nanotech Complex, Rensselaer Polytechnic Institute, and the University at Albany’s ETEC Building and Health Sciences Campus, companies are continuing the Capital Region’s tradition of innovation that began with the General Electric Research Laboratory in Schenectady – the nation’s first industrial research facility in 1900. 

Sample Companies: IBM, GlobalFoundries, Applied Materials, Tokyo Electron, GE Research, SI Group, Curia, and Regeneron Pharmaceuticals




New York’s Capital Region has been shaping the nation’s power landscape for more than a century, from the first steam generator at General Electric’s Schenectady plant in 1901 to hydrogen fuel cells now made by Plug Power in Latham and offshore wind tower components that will soon be assembled at Albany County ports.

Sample Companies: Plug Power, GE Global Research, Knolls Atomic Power Laboratory


Advanced Electronics R&D and Manufacturing

As home to a dynamic convergence of innovation, R&D and manufacturing, NY’s Capital Region has emerged as a major global hub for development, commercialization and production of advanced electronics and semiconductors. Scores of industry leading companies and emerging firms are conducting R&D and commercialization at SUNY Polytechnic’s Albany Nanotech Complex and at Rensselaer Polytechnic Institute. Home to GLOBALFOUNDRIES’ Fab 8, thousands of skilled professionals are developing and producing next generation technology here that power and connect our lives in the global marketplace.

Sample companies: GlobalFoundries, Tokyo Electron, Free Form Fibers


Off-Shore Wind & Clean Energy

Home to New York’s northern-most, year round seaport with critical rail connections, and located at the nexus of interstates 87 and 90 providing accessibility to multi-state supply chains, the Capital Region stands as a strategic offshore wind component manufacturing and staging location.  In addition to off-shore wind development, the Capital Region supports advancements in additional clean energy sub-sectors including solar, battery/storage, geothermal and smart grid. More details on offshore wind in the Capital Region here >>

Highlights: New York ranks second for cleantech patents, first for wind patents and fifth for U.S. Department of Energy R&D funding.

Sample companies: GE, Plug Power, Espey Mfg. & Electronics



Digital Gaming

The Capital Region has been making waves in the digital game industry for more than two decades. It is the home of the industry’s first billion-dollar title: Guitar Hero III: Legends of Rock. In addition to prominent studios, the gaming cluster has a broad and vibrant ecosystem of independent studios and training institutions, including Rensselaer Polytechnic Institute’s acclaimed Games and Simulation Arts and Sciences (GSAS). Great Games Start Here >>

Sample companies: Blizzard Albany, Velan Studios, WB Games


Biotechnology / Life Sciences

The Capital Region is home to the legacy of medical equipment manufacturing in “Catheter Valley” during and after World War II. Cutting-edge biotech/life science and pharmaceutical firms benefit from a vast talent pipeline and R&D infrastructure and our unique mix of R&D and manufacturing capabilities make the region a bench-to-bedside model.

Highlights: The National Institute of Health (NIH) on average annually awards more than $50 million to Capital Region biopharma and life sciences companies and R&D centers.

Sample companies: Regeneron, Curia, AngioDynamics, Taconic Biosciences


Advanced Materials

The Capital Region’s Advanced Materials Cluster includes a vast array of advanced chemical and materials manufacturers that supply the aerospace, defense, automotive, electronics and medical, industries. Major employers include Momentive Performance Materials, SI Group, SABIC and Ames Goldsmith. The Albany metro area is one of fewer than 50 metros nationwide where the private sector spends more than $1 billion on R&D, including research at corporate materials and chemical labs run by GE Research, SI Group, SABIC, and Polyset.

Highlights: The Albany-Troy-Schenectady metro area in 2015 was the nation’s 35th leading exporter of chemical manufactured goods.

Sample Companies: Momentive Performance Materials, SI Group, SABIC


Software / Information Technology

Companies in this sector study, design, develop, implement, support or manage computer-based information systems, particularly software applications and computer hardware.

Highlights: Forbes in 2016 named Albany the nation’s third best place to find a job in technology, with employment in Albany County alone tripling over the past five years.

Sample companies: CommerceHub, Transfinder, Dealer Socket (Formerly known as AutoMate Dealership Systems)


Non-Technology Sectors

Logistics & Distribution

Our region employs over 14,000 individuals at hubs such as the Port of Albany, Port of Coeymans and fulfillment centers for companies such as Ace Hardware, Coca-Cola, FedEx, UPS and Target.


Creative Economy

In 2018, the region’s creative economy had 37,437 workers, including wage and salary employees plus freelancers, up 800 workers, or 2.2 percent, from the previous year. That meant the creative economy has more workers than the region’s manufacturing sector, but less than its health care, retail trade and food services sectors.

The region’s creative economy is divided into seven creative segments, the largest of which is Agriculture and Artisan Food (28 percent), Media (22 percent) Design (16 percent), Artisan Restaurants (12 percent), Performing Arts (10 percent), Museums and Preservation (6 percent), and Visual Arts and Handcrafted Products (6 percent). Within these segments are 121 creative industries. These creative segments add to the economic activity throughout the eight counties but also to their vibrancy, which is crucial for attracting new companies and talent to them and retaining those already here.



Our region includes more than 350 tourist destinations, accounting for $2.4 billion in visitor spending in 2014. Four seasons of outdoor pursuits. World-class arts, culture, dining and sports. The Adirondack Park – at 6 million acres, it is the largest protected area in the continental U.S.; larger than Yosemite, Everglades, Grand Canyon and Yellowstone National Parks combined. Lake Placid was 2-time host to the winter Olympic Games. The Saratoga Race Course is one of the oldest and most prestigious horse tracks in America. The Catskill Mountains include one of the largest and most complex natural areas in the east.

Location, location, location. We have something for everyone here in NY’s Capital Region!



The Healthcare Cluster lays the foundation for the Capital Region’s vibrant economy, accounting for one in eight jobs regionwide. Major employers within the cluster include three major hospital systems – Albany Med Health System, St. Peter’s Health Partners and Ellis Medicine – as well as several health insurance companies including Capital District Physicians Health Plan (CDPHP) and MVP Health Care. Albany Med has one of the busiest trauma centers in the state and the only children’s hospital in northeastern New York. Supporting this large healthcare workforce is an expansive talent pipeline that includes one of New York State’s largest teaching hospitals, Albany Medical College, the Albany College of Pharmacy and Health Sciences, three nursing schools and several other healthcare-related programs and local colleges and universities. The region’s largest medical group is Community Care Physicians (CCP).

Highlights: Region annually awards 1,941 degrees in health professions and related programs.

Sample companies: Albany Med Health System, St. Peter’s Health Partners, Ellis Medicine, Community Care Physicians (CCP)



Call CEG today and learn how we can help you grow in any of these sectors.

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