For the Top Economic Development News of the Month, CEG selects news articles about projects or developments that promise to improve and/or transform the Capital Region’s economy, particularly those that related to manufacturing and initiatives outlined in, Capital 20.20, a five-year, multi-pronged plan for bringing economic prosperity to the entire
Capital Region inventors continued to increase their share of semiconductor device-related patents issued nationwide in 2018. Last year, 1,302 of the total 25,170 semiconductor device-related patents issued by the U.S. Patent and Trademark Office (PTO) listed a Capital Region inventor. That means that 5.2 percent of all U.S. semiconductor innovation
In 2018, the Capital Region had its fewest number of unemployed workers in 17 years. The eight-county region averaged 21,800 unemployed workers last year – 48 percent below the peak level of unemployment in 2010, according to New York State Department of Labor data. That stark decline, however, does not
Times Union By: Diego Mendoza-Moyers The Capital Region saw a significant jump in funding for biotech research last year from the National Institutes of Health — an increase that has allowed several local research projects to flourish into 2019, according to the Albany-based Center for Economic Growth, a regional economic development
According to the latest federal statistics on the gross domestic product of U.S. counties, the Capital Region has the third highest per capita GDP in the New York and has the state’s third fastest-growing GDP. Regional GDP The U.S. Bureau of Economic Analysis (BEA), which measures and reports on the
The Capital Region’s biotech sector saw a 13.5 percent year-over-year increase in National Institutes of Health (NIH) awards in fiscal 2018. Between 20 firms and institutions, the region received 154 awards totaling $62 million. That was the eight-county region’s largest amount of NIH since fiscal 2013, according to a Center
With New York State pursuing one of the nation’s most ambitious plans for generating offshore wind (OSW), the Center for Economic Growth (CEG) is working to position the Capital Region’s two water ports as facilities for the manufacturing and fabrication of OSW components. In January 2018, New York State released
In 2018, Capital Region towns, cities and counties were listed in more than three dozen statewide and nationwide rankings, which recognized their outstanding economic performance and quality of life. Below is a full listing of the eight-county region’s listings (ordered by the ranking source). Ranking (Source): 10 Best Small Town
FOR IMMEDIATE RELEASE Academic R&D Spending Is Up 5.9% in the Capital Region CEG unveils “The Research Connection” to highlight local academic R&D projects Capital Region colleges and universities saw a 5.9 percent annual increase in R&D expenditures in fiscal 2017, according to a Center for Economic Growth (CEG) study
Featured R&D projects: Portable biosensing strips for detecting food contamination Developing a blood test for autism spectrum disorder Virtual retina will aid search for blindness cure Using Light to Help Alzheimer’s Patients Detecting early stage Alzheimer’s disease Detection of chemical and biological toxins Futuristic device enables faster and more reliable
