Capital Region personal income last year grew at its fastest rate in 31 years, driven by a $1.8 billion year-over-year increase in unemployment insurance (UI) benefits and additional federal stimulus payments, according to a Center for Economic Growth analysis of new data from the U.S. Bureau of Economic Analysis (BEA).
As Congress debates whether to pursue a new federal agency dedicated to cutting-edge R&D “to transform health and medicine,” the Capital Region’s economy is already being boosted by other federal Advanced Research Projects Agency (ARPA) initiatives for defense and energy applications. In fact, in 2021 Capital Region firms were working
See the below articles from the past month for news about CEG: CEG Announcements/Op-eds/Media Mentions Albany Business Review: Albany Inno – Tech Valley Center of Gravity executive director exits, search on for successor Times Union: Capital Region employers work to entice and retain young hires CEG Research Mentions Daily Gazette:
Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on: REGIONAL ECONOMIC DEVELOPMENT NEWS Work on 5G tech at GE Research may benefit community
For Immediate Release: December 8, 2021 Media ContactJames SchlettDirector of Research and Communications518-465-8975 x221jamess@ceg.org CEG Awards Nearly $50,000 in Reshoring and Supply Chain grants to 5 Capital Region MFGs ALBANY, NEW YORK – Many New York manufacturers, especially those in Downstate regions, are bullish on reshoring their production
Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on: CEG IN THE NEWS Daily Gazette: New apprenticeship program offers pipeline for Capital Region breweries,
Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on: CEG IN THE NEWS Times Union: Capital Region employers work to entice and retain young
An Urban Institute “Reenvisioning of Rural America” is honing in on the strengths and potential of the Capital Region’s rural communities while also concentrating the size of its rural footprint. Whereas the federal government has traditionally negatively defined rural areas as any non-urban areas, a new Urban Institute study instead
The Capital Region’s hottest ZIP code for net employer growth is the one covering Ballston Spa and Malta (12020), which includes GlobalFoundries’ Fab 8 chip fab. Other top employer-growing ZIP codes included Latham (12110), Rensselaer-East Greenbush (12144), Albany’s downtown and warehouse district (12207) and Queensbury-West Glens Falls (12804), according to
