As Congress debates whether to pursue a new federal agency dedicated to cutting-edge R&D “to transform health and medicine,” the Capital Region’s economy is already being boosted by other federal Advanced Research Projects Agency (ARPA) initiatives for defense and energy applications. In fact, in 2021 Capital Region firms were working
For Immediate Release: December 8, 2021 Media ContactJames SchlettDirector of Research and Communications518-465-8975 x221jamess@ceg.org CEG Awards Nearly $50,000 in Reshoring and Supply Chain grants to 5 Capital Region MFGs ALBANY, NEW YORK – Many New York manufacturers, especially those in Downstate regions, are bullish on reshoring their production
An Urban Institute “Reenvisioning of Rural America” is honing in on the strengths and potential of the Capital Region’s rural communities while also concentrating the size of its rural footprint. Whereas the federal government has traditionally negatively defined rural areas as any non-urban areas, a new Urban Institute study instead
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
Among mid-sized metros, the manufacturing sector of Albany-Schenectady-Troy metropolitan statistical area (MSA) was the 10th strongest in the country for net job creation between 2015 and 2019 – and it was No. 1 in the Northeast, according to a Center for Economic Growth (CEG) analysis of new data from the
Forbes recently surveyed 16 experts on the tech trends they believe will dominate the tech industry in 2022. Several local companies and researchers are helping the Capital Region stay ahead of these trends. Below are examples. Automation Precision Valve & Automation recently moved its headquarters from Cohoes to Halfmoon,
See CEG’s latest industry profiles below. These new promotional materials provide business leaders and talent with insights into the strength of the regional economy and why they should relocate or expand here. Select the link on each image to download the flyer. The following industry fliers are available for download:
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
Background Blasch Precision Ceramics is a manufacturer of net shape ceramic products and refractory components for chemical processing, mining, heavy industrial processing, power generation and other applications. Its high-performing materials are used for the containment, control and refinement of molten metal. The 42-year-old company employs about 125 in Menands, New
