December 14 2020
COVID-19, Employment/Workforce, Manufacturing

Essential Manufacturers Helped Capital Region MFG Outperform NYS during Lockdown

The Capital Region’s manufacturing sector weathered the first full three months of the Coronavirus lockdown better than New York’s other economic development regions, owing largely to manufacturers in its essential chemical and computer and electronic product industries, according to a Center for Economic Growth (CEG) analysis of New York State

December 14 2020
General, Regional/County Profiles

Capital Region Businesses Awarded $1.6 B in PPP Loans

Nearly 250 lenders approved $1.6 billion in Paycheck Protection Program (PPP) loans for Capital Region businesses, with the construction, healthcare and social assistance, and professional and technical services sectors receiving the most in relief funds. KeyBank emerged as the eight-county region’s leading PPP lender, with its total loan amount and

December 14 2020
General

CEG Names Pitch Your Pivot Winners: Head Heart Hands Consulting Takes $5,000 Grand Prize

The grand prize winner of the Center for Economic Growth’s Pitch Your Pivot Competition is an education and equity consulting firm that expanded its prospective client base during the pandemic by evolving into a Wellness, Inclusion, Diversity and Equity (WIDE) strategy service provider for nonprofits and corporations. The startup has

December 14 2020
News

Economic Development Month in Review: November, 2020

For the Top Economic Development News of the Month, CEG selects news articles about projects or developments that promise to improve and/or transform the Capital Region’s economy, particularly those that related to manufacturing and initiatives outlined in, Capital 20.20, a five-year, multi-pronged plan for bringing economic prosperity to the entire

December 14 2020
News

Week in Review: December 7 – December 11, 2020

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: Rensselaer County creating video gaming accelerator Business Review: Video

December 4 2020
News

Week in Review: November 30, 2020 – December 4, 2020

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: CEGIN THE NEWS Troy Record: HVCC has highest 5-year, post-grad employment rate among NYS community

November 30 2020
News

Week in Review: November 23 – November 27, 2020

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 Malta works with chamber on new economic development web site “The

November 20 2020
News

Week in Review: November 16 – November 20, 2020

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: Wind developer has eyes on Port of Albany tower

November 13 2020
COVID-19, General, News

Capital Region Leads NYS in Growth of Applications for Biz Formation, Albany Co. Leads Northeast

Amid COVID-19, NYS Business Applications Surge to Record High in Q3 ALBANY, NEW YORK – New U.S. Census Bureau data reveals that just before the onset of the coronavirus pandemic, the Capital Region had seen the fastest growth in applications to form businesses over the last five years out of

November 13 2020
COVID-19, General

8,000+ Capital Region Businesses Received $442M in COVID-19 Disaster Assistance Loans

Amid the economic crisis sparked by the coronavirus pandemic, more than 8,000 of Capital Region businesses received more than $442 million1 in Economic Injury Disaster Assistance Loans (EDIL) from the U.S. Small Business Administration (SBA), according to a Center for Economic Growth (CEG) analysis of new data from USAspending.gov. The

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