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Tech and Electronics
With robust R&D, tech and talent, New York State is growing the electronics industry from semiconductors and photonics to nanotechnology.
Capital Region
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
Digital Game Development
New York is a leader in the digital game development industry, home to globally recognized companies, top academic programs and talent.
Cleantech and Renewable Energy
New York State, a leader in clean tech and renewable energy resources, is growing a green economy—aiming for 100% clean power by 2040.
Biotech and Life Sciences
Investment in biotech research and development, life science companies and talent, is building this world-class New York State industry.
We are excited to open the doors of the META Center and invite the industry to collaborate with us to accelerate innovation, from materials to systems.Steve Ghanayem, Senior Vice President of New Markets and Alliances, Applied Materials
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
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Top 10
Market for College Grads (Zillow)
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Top 20
Best Places to Live in the U.S. (U.S. News and World Report)
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#4
Albany's rank on ZipRecruiter's list of the country's fastest-growing tech jobs markets
Population 2024
Labor Force Status 2024
Age Distribution 2024
Education Attainment 2024
Data source: ZoomProspector (Applied Geographic Solutions)
Doing Business in the Capital Region
Tax-Based Incentives
All forms of tax incentives that enable savings and cost advantages to businesses.
Operational Support
Programs offering assistance or training to ensure more competitive businesses.
Growth Support
Funds, loans and other means of financial support to stimulate business growth.
Innovation Development Support
Leverage New York State’s unparalleled investment in world-class tech assets, programs and expertise to grow your business.
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
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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Mike Yevoli
Regional Director
433 River Street
Suite 1003 (1st floor)
Troy, NY 12180
United States