Category Archives: Regional

Albany 19th in Manufacturing Jobs Lost

Suitcase

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The Business Review reports that ninety-nine of America’s 100 biggest markets have fewer manufacturing jogs today than they did 10 years ago. Bakersfield, California, the only exception, gained 2,100 manufacturing jobs. The Los Angeles area lost the most, 301,600 jobs. Eighty other markets fared worse than Albany, which lost 7,800 jobs.

Albany 28th in Brainpower

The Business Review reports that Albany is ranked 28th out of 200 metropolitan areas in terms of brainpower.

The U.S. Census Bureau says a worker with an advanced degree will earn 31 percent more than a colleague with a bachelor’s degree, and 128 percent more than somebody who never went beyond high school.

That’s good news for places where there is an abundance of college campuses, such as the Albany, New York, area, which was ranked the 28th brainiest metropolitan area among the nation’s 200 largest market, according to a new Portfolio.com analysis. Portfolio.com is an affiliated publication of The Business Review.

I’m feeling smarter already!

Read more: Albany ranks 28th in brainpower study | The Business Review

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3rd Weakest

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The Times Union reports:

New York state‘s economy contracted by 4.3 percent in 2009, the third worst performance among the 50 states and the District of Columbia.

Only Nevada, reeling from the real estate collapse, and Michigan, with its troubled auto industry, fared worse, according to new data on states’ gross domestic product.

The figures were released this morning by the U.S. Bureau of Economic Analysis.

Read the rest at: New York’s economy third weakest nationally – Times Union.

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21st, 30th, & 6th

From the Business Review:

North Carolina has once again ranked as the best business climate in Site Selection magazine’s latest rankings, released Nov. 1.

New York placed 21st on the list, in a tie with Mississippi.

The trade publication’s rankings consist of two parts, weighted equally: a proprietary index of new and/or expanded plant activity, and a survey of corporate site selectors across the country.

The survey asks site selectors to take into consideration factors such as the level of red tape, state tax incentives or other financial assistance, and the cooperation of government officials.


Read more: New York ranked No. 21 by Site Selection magazine | The Business Review

Really?

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The Business Review reports:

New York state’s recession likely ended in the first quarter of this year, state budget officials said on Tuesday.

That’s where the good news stops.

Read more: New York’s recession ended in 1Q | The Business Review

Albany 7th in Government Employment

The Business Review reports that Albany is ranked seventh in reliance on public sector employment:

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Albany is among nineteen major U.S. markets that rely so heavily on government employment that more than 20 percent of their jobs are in the public sector, according to a new Business First study.Albany comes in at No. 7, with 23 percent of the jobs being in government (100,800 government jobs to 336,400 private-sector jobs).

Business First analyzed raw data from the U.S. Bureau of Labor Statistics, calculating the shares of public- and private-sector employment in the nation’s 100 major metros as of August 2010. Public-sector totals include all workers with federal, state and local governments.

Read more: Albany among the most dependent on government jobs – The Business Review (Albany)

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Goodbye Austin, Hello Albany

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The Business Review reports that International Sematech will be moving their headquarters and more than 100 jobs to Albany in January.

International Sematech’s headquarters and all operations will move in January 2011 to the the University at Albany’s College of Nanoscale Science and Engineering.

Gov. David Paterson said International Sematech was “picking up [its] stakes and moving its operations in Texas” and relocating to New York.

International Sematech and private partners will invest a combined $80 million, officials said. In addition, $20 million in state money will be contributed through the state Assembly and Empire State Development Corp.

International Sematech used to be based in Austin, Texas. The consortium has had a presence on the Albany NanoTech campus since 2003.

Read more: Int’l Sematech moving operations, 100 jobs to Albany – The Business Review (Albany)

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And the winner is…

Money

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The Highest Property Tax Burdens in America

Catherine Rampell reports in the New York Times‘ Economix blog:

The typical resident of Westchester County in New York, pays more in property taxes than the typical resident of any other major American county, according to a new analysis of Census data from the Tax Foundation.

Read the rest at: Property Taxes, by County – NYTimes.com.

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Who's Got the Worst Urban Sprawl?

Diane Tuman, of Zillow.com, brought this to our attention. It might be of interest given New York‘s Smart Growth bill:

The infographic you see here has managed to turn one of the ugliest facets of global cities into something approaching art. Behold urban sprawl, in the hands of Jessica Young and Luke Bulman.

Young and Bulman make up the Brooklyn graphic design studio Thumb, and their beautiful, though perhaps misleading, infographic compares 27 ring roads around the world — those peripheral highways, like the D.C. Beltway or the London Orbital, that read like shorthand for over-extended cities.

Check-out the graphic and read the rest of the story:

Infographic of the Day: Who’s Got the Worst Urban Sprawl? | Co.Design.

13th!

Albany State Education Bldg. (LOC)
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The Albany-Schenectady metro ranks 13th on the Daily Beast’s list of the Brainiest Cities:

Where do the biggest brainiacs in America live? Richard Florida crunches the numbers to figure out the smartest cities in the country.

Boulder, Colorado, tops the list of America’s brainiest metros. Boulder is home to the University of Colorado and was recently named by BusinessWeek as the nation’s best place for startup companies.

America’s Brainiest Metros are a mix of large metros with a significant presence of technology and knowledge-based businesses and the nation’s premiere college and university towns. Not surprisingly, the presence of a major research university appears to be one of the most decisive variables. Durham or Durham-Chapel Hill, North Carolina, home to Duke University and the University of North Carolina takes second place, with neighboring Raleigh-Cary (home to North Carolina State) in 11th. Both are part of the famed North Carolina Research Triangle. Greater Washington DC comes in third, followed by Greater Boston (Harvard, MIT, Boston University), and the Trenton-Ewing metro in Central New Jersey, which includes Princeton University.

The remainder of the top 20 includes large tech metros like San Jose (Stanford), San Francisco, Austin (University of Texas) and Seattle (University of Washington) along with Olympia (the state capital, which is part of Greater Seattle’s expanded metro area), as well as college towns like Ithaca, New York, home to Cornell University (which also topped our earlier list of best places for college grads), Charlottesville (University of Virginia), Madison (University of Wisconsin), Corvallis (Oregon State University), Fort Collins (home to Colorado State University,) and Ames (Iowa State University) and Iowa City (the University of Iowa). The list also includes the Frost Belt metros of Albany-Schenectady (home to General Electric and SUNY Albany), and Rochester, Minnesota, (home to the Mayo Clinic and IBM’s largest global facility and which topped our previous list of biggest projected job gainers) also make the list.

The Brainiest Metros Index is based on three variables: (1) the share of adults 25 years of age and older with a Ph.D., master’s or professional degree (from the U.S. Census American Community Survey), (2) computer scientists and mathematicians as a share of all employment, and (3) scientists (physical, biological, social) as a share of total metro employment (both from Bureau of Labor Statistics). The index weights all three variables equally and covers 362 U.S. metro regions.

Read more at: America’s Brainiest Cities – The Daily Beast.

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