The grand prize winner of the Center for Economic Growth’s Pitch Your Pivot Competition is an education and equity consulting firm that expanded its prospective client base during the pandemic by evolving into a Wellness, Inclusion, Diversity and Equity (WIDE) strategy service provider for nonprofits and corporations. The startup has
Amid COVID-19, NYS Business Applications Surge to Record High in Q3 ALBANY, NEW YORK – New U.S. Census Bureau data reveals that just before the onset of the coronavirus pandemic, the Capital Region had seen the fastest growth in applications to form businesses over the last five years out of
Several local startups received their first infusions of federal seed funding in fiscal 2019, pushing the Capital Region’s annual award total to $11.3 million, according to a Center for Economic Growth (CEG) analysis of U.S. Small Business Administration data. In 2019, 13 Capital Region small businesses received a total of
From conducting clinical trials to developing testing equipment and medical devices, the Capital Region’s Life Sciences Cluster is contributing to the effort to fight the coronavirus pandemic. The Life Sciences Cluster employs more than 5,800 and features several industries that are nationally unique. Below is an overview of COVID-19-related activates
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 ABC News 10: National Grid assisting local business converting to
National Institutes of Health (NIH) awards in the Capital Region climbed to an 11-year high in fiscal 2019, driven by a surge in R&D funding at AMRI, GE Global Research, Rensselaer Polytechnic Institute (RPI) and Albany Medical Center, according to a Center for Economic Growth (CEG) analysis.1 “These NIH awards
The pharmaceutical industry has started conducting hundreds of clinical trials at Capital Region medical facilities in recent years, and more drug testing is expected as the local Life Sciences Cluster vastly expands with several multimillion-dollar projects. Emerging Clinical Trial Support Assets The pharmaceutical industry funded 342 clinical trials for drug
R&D spending on life sciences increased by nearly 18 percent to $126.7 million in fiscal 2018. That was a four-year high for local R&D spending in that field, according to a Center for Economic Growth (CEG) analysis of new data from the Nation Center for Science and Engineering Statistics. The
Company Profile: Vara Safety is the Latham, New York-based manufacturer of a biometric-controlled gun holster called Reach. Reach uses strategically placed biometrics to properly secure the handgun, and still allow immediate release. Reach units are designed to be mounted in your home, office or vehicle and are made of high-strength
FOR IMMEDIATE RELEASE Media Contact James Schlett Director of Research and Communications 518-465-8975 X221 jamess@ceg.org ALBANY, NEW YORK – A Capital Region startup focused on firearm safety began shipping Reach, a one-of-a-kind locking holster which provides instant, ready access to your handgun. The Latham, New York-based Vara Safety is in
