July 23 2021
Economic Analysis, Entrepreneurship, Regional/County Profiles

Capital Region Business Formation Increased through Pandemic

Business formation continued in the Capital Region throughout 2020 and despite the pandemic. Last year, 9,456 applications to form a business were filed in the eight-county Capital Region, up by 295 (3.2 percent) from the previous year, according to a Center for Economic Growth (CEG) analysis of new U.S. Census

June 23 2021
Regional/County Profiles

The Capital Region Gained and Lost the Most Wealth from These Counties

The Capital Region’s ability to attract higher-earning taxpayers helped offset a small contraction in its base of individual income tax filers in 2019, resulting in an annual net gain of wealth, as measured by adjusted gross income (AGI), according to a Center for Economic Growth analysis of new Internal Revenue

June 22 2021
Employment/Workforce, Regional/County Profiles

Green Island is NY’s Fastest-Growing Town and Village

Amid the pandemic and as a transformative redevelopment project neared completion on Starbuck Island, Green Island emerged as New York’s fastest-growing town and village in 2020. Three more towns and three more villages from the Capital Region also ranked among state state’s fastest-growing communities, according to a Center for Economic

May 12 2021
Regional/County Profiles

These 3 Capital Region Counties Boosted Domestic Migration in 2020

Faced with slowing international migration and a widening gap between births and deaths, the Capital Region sustained a slight annual population decline in 2020 – the smallest in the state. However, at the same time, the region housed the state’s fastest-growing county and three of New York’s seven counties that

May 12 2021
Regional/County Profiles

Hudson Has 3rd Highest Percentage of Same-Sex Couple Households among Micropolitan Areas

New York’s Capital Region is a leading location for same-sex couples. Among micropolitan statistical areas (µSAs), the Hudson µSA has the third greatest percentage of same-sex couple households1 of all coupled households. Even more, among mid-sized metropolitan statistical areas (MSAs),2 the  Albany-Schenectady-Troy MSA has the 37th highest percentage of  same-sex

April 15 2021
Regional/County Profiles

These Are the Capital Region’s Fortune 500 Companies

Recent years have seen several Fortune 500 companies enter or expand their presence in the Capital Region market, either through acquisitions (BD, Fluor, Activision, Arthur J. Gallagher & Co.) or new developments (Applied Materials, Amazon). Here is a list of 29 Fortune 500 companies with significant ties1 to the Capital

April 6 2021
Creative/Agriculture/Food, Employment/Workforce, General, Regional/County Profiles

Capital Region Unveils Brand & Talent Attraction Campaign

Partnership between Center for Economic Growth & Alliance for the CreativeEconomy, others, worked to develop key elements (Albany, N.Y.) – The Center for Economic Growth (CEG) and Alliance for the CreativeEconomy (ACE) partnered to develop a brand and tagline to help create an identity forthe region, celebrate pride of place,

March 15 2021
Employment/Workforce, General, Regional/County Profiles

The Capital Region Sectors that Bounced Back the Most Last Summer

By the end of summer, Capital Region clothing stores and personal service providers such as hair and beauty salons experienced the biggest employment rebounds while food services and beverage places, such as restaurants, sustained the heaviest job losses, according to a Center for Economic Growth analysis of new data from

January 14 2021
Economic Analysis, General, Regional/County Profiles

Capital Region’s Productivity Hit 14-Year High in 2019

Just before the pandemic, the Capital Region experienced its strongest gross regional product (GRP) growth in 14 years, with a jump in productivity in the Glens Falls metropolitan statistical area (MSA) pushing the annual output total over the top, according to a Center for Economic Growth (CEG) analysis of new

January 12 2021
Regional/County Profiles

Capital Region Has 20th Highest Concentration of Households with High-Speed Broadband Subscriptions

As 2021 opens with the likelihood of several more months of work from home and virtual classes, the Capital Region will benefit having one of the nation’s highest concentrations among metropolitan commutersheds1 of households with high-speed broadband subscriptions.2 The region also has as one of the smallest gaps between households

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