Highlights Capital Region manufacturing real GDP increases by 2.3 percent in 2024 – fastest in upstate. Rensselaer and Greene counties had the state’s second and sixth fastest-growing manufacturing real GDP. Greene County ranks No. 1 in New York for total real GDP growth. The Capital Region’s manufacturing sector led upstate
Boeing AH-64E Apache. Courtesy Boeing. Capital Region manufacturers are playing a greater role in supplying raw materials, parts, and advanced technologies for military aircraft, vehicles, vessels and weaponry. In fiscal 2024, top-tier defense contractor obligations to local subcontractors climbed to a six-year high. Now, several of those defense subcontractors
The Capital Region’s craft beverage manufacturing industry is nearing 1,000 jobs. At the same time, Saratoga County has tied Columbia County for the most active craft producer licenses in the region, according to a biennial survey of the industry by the Center for Economic Growth. Survey Results CEG’s biennial survey
In the first six months of 2025, Capital Region manufacturers have received more financial support through the 7(a) loan program of the U.S. Small Business Administration (SBA) than they have in each of the prior three full calendar years. GROSS APRROVALS During the first half of 2025, 7(a) loan gross
A security clearance is becoming an increasingly in-demand qualification in the Capital Region as local tech workers play a greater role in manufacturing semiconductor devices for the U.S. Department of Defense and information security for the U.S. Department of Energy, according to a Center for Economic Growth (CEG) analysis of
As Capital Region students prepare to graduate this spring, those receiving degrees from local community colleges are increasingly getting jobs at manufacturers. In fact, among the state’s 10 economic development regions, community colleges in the Capital Region over the past decade saw the largest increase in graduates working in
Hoosick Falls Middle School wins Viewers’ Choice Award for video with Saint-Gobain Tape Solutions (March 20, 2025) – Hoosick Falls Middle School emerged as the winner of New York State’s first “What’s So Cool About ManufacturingTM” (WSCM) video competition in the Viewers’ Choice Award category. At the Student Video Awards
The Capital Region in 2022 saw its largest annual increase in solo manufacturing operations in more than a decade, according to a Center for Economic Growth (CEG) analysis of new Nonemployer Statistics from the U.S. Census Bureau. In 2022, the eight-county Capital Region had 1,103 nonemployer manufacturing establishments, which include
(Jan. 17, 2025) – The New York Department of Labor (NYS DOL) recently approved the Nanotechnology Engineering Technician (NET) trade, the first of its kind in the state, sponsored by the Center for Economic Growth (CEG). CEG’s leadership in developing the trade creates new and expanded Registered Apprenticeship
Three Capital Region counties ranked among New York’s top five fastest-growing counties for productivity growth in 2023, according to a Center for Economic Growth (CEG) analysis of new data from the U.S. Bureau of Economic Analysis. In 2023, the eight-county Capital Region had a gross domestic product (GDP) of $98.8
