Phone (518) 539-4083
New York State’s Capital Region is a center for tech and innovation
The Capital Region offers companies a strategic location close to all major markets of the Northeast, as well as a highly educated and diverse workforce, and an extraordinary quality of life. The region spans cities – the state capital of Albany, Troy, Saratoga Springs and Schenectady – in addition to suburbs and rural communities. An established tech hub, the Capital Region is also home to digital game development and semiconductors among other growth industries. The region’s talent pipeline is supported by 21 institutions of higher learning and recognized around the world for its research and development facilities — both public and private.
Key Industries in the Capital Region
Tech and Electronics
Digital Game Development
Materials Processing
Cleantech and Renewable Energy
The Capital Region features diverse industry clusters, from bio life sciences, nanotechnology and chemical manufacturing to semiconductor development and clean energy production. A wealth of cutting-edge companies and consortiums across a variety of sectors, including AMRI and AngioDynamics, can be found here.
As home to a highly productive, educated workforce where 37% of workers have a bachelor’s degree or higher, the Capital Region also has the second fastest-growing young adult population (25-34 years old) out of the state’s 10 economic development regions, increasing by 5.1 percent between 2016 and 2021 (based on five-year estimates).
Industry-university partnerships are fueling regional R&D. At SUNY Poly, IBM plans an “AI Hardware Center for artificial intelligence focused computer chip research; the Applied Materials Engineering Technology Accelerator (META Center) will speed customer prototyping of new materials, process technologies and devices. Adding to the region’s R&D strength: SUNY Poly’s Center of Excellence in Nanoelectronics and Nanotechnology and the Centers for Advanced Technology in Future Energy Systems and in Automation Technologies and Systems at Rensselaer Polytechnic Institute.
Capital Region By The Numbers
Top 10
Market for College Grads (Zillow)
Top 20
Best Places to Live in the U.S. (U.S. News and World Report)
#4
Albany's rank on ZipRecruiter's list of the country's fastest-growing tech jobs markets
Population (2023)
Labor Force Status (2023)
Age Distribution (2023)
Education Attainment (2023)
Data source: ZoomProspector (Applied Geographic Solutions)
Doing Business in the Capital Region
Tax-Based Incentives
Operational Support
Growth Support
Innovation Development Support
Regional Office
The Capital Region regional office works hand-in-hand with new and existing businesses to help identify economic development programs to support business growth and expansion—for building new facilities, relocating a business, expanding operations and workforce and entering new and global markets.
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