The National Institutes of Health in fiscal year 2022 awarded $71.2 million in research grants to 19 Capital Region institutions and businesses. Curia helped boost that total with the Albany pharmaceutical company receiving its greatest amount of NIH R&D funding, according to a Center for Economic Growth (CEG) analysis of
Capital Region small businesses received nearly $16 million in federal seed funding for R&D in fiscal 2021. Those recipients included three startups that got their first awards under the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, according to a Center for Economic Growth (CEG) analysis
Prior to the pandemic, the Capital Region’s gig economy was expanding. In fact, Greene, Schenectady and Columbia counties were among New York’s fastest-growing counties for nonemployer establishments, according to a Center for Economic Growth (CEG) analysis of new U.S. Census Bureau data. In 2019, the eight-county Capital Region had 75,148
Business formation activity last year grew at the fastest rate in the Capital Region among New York’s 10 economic development regions, according to a Center for Economic Growth analysis of new U.S. Census Bureau data. In 2021, 13,743 businesses in the eight-county Capital Region filed for an Employer Identification Number
Startup formation throughout upstate New York has been second strongest in the Capital Region, according to a Center for Economic Growth analysis of data from U.S. Census Bureau Business Dynamics Statistics. Establishment Births Between 2015 and 2019, the eight-county Capital Region averaged 2,067 annual employer establishment births, or 8.4 percent
Business Funding at Local Colleges and Universities Eclipses State Funding Boosted by increased business funding, Capital Region university research and development spending continued to climb during the pandemic in fiscal 2020, reaching a seven-year high, according to a Center for Economic Growth (CEG) analysis of data from the National Center
Stemcultures gets 1st NIH grant, Regenerative Research Foundation sets institutional record COVID-19-related research and development helped push the total amount of National Institutes of Health grants awarded to Capital Region institutions and firms to its third greatest amount in the past decade, according to a Center for Economic Growth (CEG)
The Capital Region’s hottest ZIP code for net employer growth is the one covering Ballston Spa and Malta (12020), which includes GlobalFoundries’ Fab 8 chip fab. Other top employer-growing ZIP codes included Latham (12110), Rensselaer-East Greenbush (12144), Albany’s downtown and warehouse district (12207) and Queensbury-West Glens Falls (12804), according to
Offshore wind (OSW) and hydrogen fuel cells sent state- and federally funded renewable energy research and development by Capital Region businesses into overdrive in 2020. Last year, the U.S. Department of Energy (DOE) and New York State Energy Research and Development Authority (NYSERDA) awarded $18.6 million in renewable energy R&D
Fifteen Capital Region small businesses received $15.5 million in federal seed funding grants for research and development in fiscal 2020. That included a record annual sum from the National Science Foundation (NSF), according to a Center for Economic Growth analysis of SBIR.gov data. SBIR/STTR The SBIR program helps stimulate small
