Capital Region

A business environment based on pioneering inventions.

New York State’s Capital Region is ready for business

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 in its mix of medium-sized cities, suburbs and rural communities. It’s home to 21 institutions of higher learning and is recognized around the world for its research and development facilities — both public and private.

21

higher education institutions, including world-renowned research universities and nationally ranked schools

#3

Albany's rank in U.S. News' “10 Best Places to Find a Job in Technology”

#4

Albany's rank on ZipRecruiter's list of the country's fastest-growing tech jobs markets

Key facts

Here’s a look at the reasons why businesses of all kinds are thriving in the Capital Region:

  • 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 34% of workers have a bachelor’s degree or higher, the Capital Region also has the third fastest-growing young adult population (28-34 years old) out of the state’s 10 economic development regions, increasing by 5.1 percent since 2011.
  • The area ranked 10th on ZipRecruiter’s list of the “Hottest Cities for Jobs”,  21st on WalletHub’s “Most Educated Cities in America”,  28th on U.S. News & World Report’s “Best Cities to Live”  and 35th on WalletHub's “Best Metro Areas for STEM Professionals”.
  • The Capital Region REDC has received $673 million for 933 projects through the Consolidated Funding Application since 2011.
  • Home to a Center of Excellence in Nanoelectronics and Nanotechnology (SUNY Polytechnic Institute), Centers for Advanced Technology in Future Energy Systems and in Automation Technologies and Systems (Rensselaer Polytechnic Institute) and the headquarters for General Electric Global Research.
  • Easy access via air (Albany International Airport), interstate highways, rail (Amtrak), and the deep water port of Albany-Rensselaer on the Hudson River
  • The region includes 24 parks and historic sites with a combined annual attendance of more than 4 million people.

The Capital regional office works hand-in-hand with new and existing businesses to help identify program funding to support business growth and expansion. Below, explore the wide range of economic development programs that are available for building new facilities, relocating a business, expanding operations and workforce and entering new markets and international arenas.

Explore opportunities in the Capital Region

Visit the Capital Region Regional Economic Development Council site to see strategic plans, current projects and the latest economic data, plus access funding applications and more.

 

Regional Office

Mike Yevoli
Regional Director
433 River Street
Suite 1003 (1st floor)
Troy New York 12180