Skip to content

NY CREATES Featured in CEG News Release: Capital Region Tech R&D Industry Sets New Employment Record

CEG News Release

“Employment in the Capital Region’s high-tech R&D industry last summer surpassed an 18-year high, with Albany County driving that growth. This employment growth follows increases in R&D spending by local universities and businesses in the eight-county region, according to a Center for Economic Growth (CEG) analysis of data from the New York State Department of Labor and National Center for Science and Engineering Statistics (NCSES)…

“NY CREATES’ mission is to enable high-tech R&D, support related workforce development, and drive economic advancement. We are thrilled to see that the region’s high-tech R&D industry employment reached an 18-year high, showcasing how strategic investments in the innovation sector and national and international collaborations at NY CREATES’ Albany NanoTech Complex have tangible, positive impacts. But this is also just the beginning. Hundreds of additional jobs are expected at our Albany NanoTech Complex as part of the governor’s recent High NA EUV Center announcement. Combined with our ability to support U.S. CHIPS Act initiatives, we are working hard to continue this growth trajectory with our industry and academic partners, providing a model for the nation,” said NY CREATES President Dave Anderson.

Read the full news release here.