Despite a strong U.S. dollar (USD) and weaker global demand, Capital Region exports held steady in 2016, according to a Center for Economic Growth (CEG) analysis of new Brookings Institution estimates. Exports throughout the eight counties last year totaled $5.978 billion, up 7.3 percent from five years earlier. Impacting that
As of January 2017, over 4,567 New York businesses have installed solar energy. They have all taken non-value added space and transformed it into real-estate that is lowering energy costs. Business leaders are choosing solar to cut costs, help their bottom line and plan for the future. The sharp decline
Albany Business Review By: Chelsea Diana Scott Stevens, president of Dimension Fabricators, spent $1.92 million to install about 100,000 square feet of solar panels across the roof of his factory in Glenville, New York. The price tag will go down to about $1.45 million with federal tax credits for solar,
Rensselaer and Greene Counties make biggest gains of small manufacturers Although large manufacturers with hundreds of employees have captured much of the spotlight in recent years, they represent only a sliver of the Capital Region’s manufacturing establishments. In fact, almost nine out of 10 (86.7 percent) manufacturing establishments throughout
Albany Has One of Nation’s Highest Concentrations of Material Engineers, is No. 1 for University Materials & Metallurgical R&D With the continued growth of the semiconductor industry, the Capital Region has become a magnet for materials engineers. The Albany-Schenectady-Troy metropolitan statistical area (MSA) now has the nation’s 8th highest concentration
Polyset’s closed cell foam in various configurations and bonding station (left). Polyset’s laminator and vertical saw used in joint seal fabrication (right). In 2015, just as the Polyset Company was turning 35 years old, Rajat Ghoshal found his advanced materials manufacturing operation experiencing the challenges that
CEG Accelerates in Q1 Economic development happens when the interests of multiple parties from the public and private sectors align to help a new or existing business expand, recover or relocate. Although a not-for-profit business, The Center for Economic Growth (CEG) has reached a $6 million target for our Accelerate capital
CEG BGS Helped Create and Retain 163 Jobs in 2016 Continuing to benefit from public and private investments in technology assets, the Albany-Schenectady-Troy metropolitan statistical area (MSA) in 2016 had the fifth fastest-growing manufacturing sector among the nation’s largest 100 manufacturing metros, according to a Center for Economic Growth (CEG)
The Capital Region has emerged as New York’s leading recipient of advanced federal technology seed funding. Even more, the eight-county region in 2015 attracted significantly more Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program funding than the previous year, according to a Center for Economic Growth
