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
The Capital Region’s manufacturing sector employed more than 34,000 workers in 2017 and is projected to add nearly 2,800 over the next 10 years. That 7 percent increase in manufacturing employment far outpaces projections for the nation (0 percent) and state (-5 percent), according to estimates from Economic Modeling Specialists
The Capital Region’s mining industry has become the area’s fastest-growing sector and the largest of its kind in the state in terms of jobs. Mining Jobs Averaging 959 employees in 2017, the eight-county region’s mining sector has grown by 40.6 percent over the past five years. During that time, employment
As Manufacturing Day is celebrated this Oct. 5, it is important to remember that while large manufacturers, such as General Electric, GLOBALFOUNDRIES and Regeneron Pharmaceuticals, have helped turn the Capital Region into a thriving manufacturing metro, they are not alone in making the area stand out on the national level.
The Capital Region’s annual job growth was on par with its 10 peer economic regions in 2017. Although the peer regions had lower unemployment rates than the Capital Region, they are also dealing with more austere labor force shortages and greater wage inflation, according to a Center for Economic Growth
Employment in the Capital Region’s manufacturing sector last year climbed to its highest level since 2001. In 2017, the eight-county region’s manufacturers drove a 1.6 percent annual net jobs gain to an annual average of 34,322. Employment was up 7.6 percent from five years earlier, according to a Center for
Media Contact James Schlett Center for Economic Growth Director of Research and Communications 518-465-8975 X221 | jamess@ceg.org CEG, partners are bridging the skills gap as Capital Region manufacturing employment reaches 16-year high ALBANY, NEW YORK – As employment in the Capital Region’s manufacturing sector climbs to a 16-year high, KeyBank
Daily Gazette By: John Cropley Schools, economic development agencies collaborate to cut red tape COLONIE — Capital Region manufacturers having trouble finding skilled workers can now get help through a new apprenticeship program. The Center for Economic Growth is partnering with the Manufacturers Association of New York on the initiative
Program prepares region’s thriving manufacturing sector for next generation of workers With thousands of workers in the Capital Region’s manufacturing sector approaching or already beyond retirement age, the Center for Economic Growth (CEG) is partnering with the Manufacturers Association of New York (MACNY) to counter the wider skills gap that
As Regeneron Pharmaceuticals helps reshape the Capital Region’s manufacturing landscape, we are also seeing local scientists making their mark in the drug discovery industry. Over the past three years, Capital Region inventors have aided nearly 70 companies and institutions obtain more than 150 patents for drugs, biological compositions and other
