The Capital Region had New York’s second fastest-growing county over the year, and the 10-year growth of its largest metropolitan area has earned it the title of “The City Americans Are Flocking to in New York.” New U.S. Census Bureau estimates show Schenectady County’s population totaled 155,299 in 2019, up
The gross regional product (GRP) of the Capital Region’s private sector increased over the last five years by 6.1 percent, boosted by robust growth in the real estate, information, health care and manufacturing sectors, according to a Center for Economic Growth analysis.1 Regional Performance GRP is defined as “the market
Tech and Navy hubs are major contributors to region’s population A county containing a large U.S. Navy base in South Carolina and two more counties with major tech hubs in Arizona and Massachusetts are sending more population “flows,” or movers, to the Capital Region than any other outside of New
The Capital Region is one of only three state economic development regions that has maintained its ranks of young adults grow over the last five years – and New York City is not one of them. In fact, out of New York’s 62 counties, only 17 grew their young adult
Two Capital Region cities were among New York’s top 10 for fastest-growing cities in 2018. With a 223 year-over-year population gain (0.3 percent), Schenectady was the state’s sixth fastest-growing city, and Saratoga Springs’ 68-person annual gain (0.2 percent) made it the 10th, according to a Center for Economic Growth (CEG)
The Capital Region again was state’s second-fastest growing region in 2018. The eight-county region last year had a population of 1,084,941, up 248 from the previous year. The only region with stronger year-over-year growth was the Mid-Hudson Region at 0.1 percent, according to a Center for Economic Growth analysis of
Even before New York State designated 20 Capital Census Tracts as Opportunity Zones in 2018, half of them had growing populations and four in five had increasing ranks of employed residents. The federal Opportunity Zones community development program is now promising to build on that momentum and is already attracting
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
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
What is the Capital Region? The answer largely depends on who is asking and why. Are its boundaries being drawn to serve the purpose of a commercial market, community planning, tourism, standardized statistical reporting or economic development? With so many regional definitions circulating, it is easy to confuse them and
