Economic ProfileCapital Region

The Capital Region, which includes the counties of Albany, Rensselaer, Saratoga, and Schenectady counties, is the center of New York’s Tech Valley. Nearly 850,000 live in the four-county metro, and 1.1 million in the greater Capital Region. Our economy is witnessing its most exhilarating period of growth in decades with

nearly $30 billion in investment over the last ten years. We are located in the middle of the world’s richest marketplace - 150 miles north of New York City, 165

miles west of Boston, and 215 miles south of Montreal.

At a GlanceMetro Population: 880,400Major Industries: Government, Health Care, TechnologyGross Metro Product: $60.4 billionMedian Household Income: $60,784Median Home Price: $191,600Job Growth (2014): 1%Cost of Living: 0.6% above National AverageCollege Attainment: 34.3%Net Migration (2014): 20Source: Forbes.com, 2015

Daily Print CommunicationsDaily GazetteThe RecordSaratogianTimes Union

Climate & SettingThe Capital Region enjoys four distinct seasons, and each brings its own unique beauty. We get approximately 38 inches of rain per year, about the U.S. average, and 125 days with measurable precipitation. Average snowfall is 47 inches. A typical year sees 177 sunny days with July highs of around 83 degrees and January lows of about 14 degrees. Our comfort index, based on humidity during the hot months, is 51 compared to a national average of just 44.

Time Zone: EasternElevation: 378 feet

Broadcast CommunicationsTV: 8 network affiliate stations; cable stations vary by providerRadio: 8 AM stations; 32 FM stations

5.25.6

5.15.8

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1

2

3

4

5

6

7

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Dec-13

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Albany Rensselaer Saratoga Schenectady

Unemployment Rates by County

Regional Age Range

Source: Cornell University (based on U.S. Census 2010)

Source: Capital District Regional Planning Commission

Source: 2010 Census

84.4

White

0.4

Other

6.5

Black

0.2

Native American

2.7

Asian

1.9

Two or more races

3.9

Hispanic or Latino

Regional Ethnicity

Per Capita Income by County

0-14 15-24 25-44 45-64 65+

Source: 2008-2012 ACS

Albany Rensselaer Saratoga Schenectady

4.7 4.9

4 44.2 4.23.8

Nov-14 Nov-15

5.15.6

4.7 4.8

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New

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Top 25 Private-Sector EmployersRank Company Total Local

Staffing Business Description

Cost of Living IndexHere is how Albany metro compares to other metropolitan areas:

The Index measures relative price levels for consumer goods and services in participating areas. The average for all participating places equals 100, and each city’s index is read as a percentage of the average for all places.

Metro Area Misc.

Overall(National

Average=100) Grocery Housing Utilities Transportation Health Care

Source: The Council for Community and Economic Research, February 2016

Source: Albany Business Review, July 4, 2014

111.1

142.6

116.2

147.1

139.1

225.8

145.9

119.6

174.7

138.2

Albany

Boston

Chicago

Stamford

Los Angeles

New York City

Washington, DC

Philadelphia

San Francisco

Seattle

106.1

105.7

112.4

128.1

106.1

125.2

110

115

126.1

121.5

122.6

190.9

136.8

210.9

212

457.7

248.7

136.1

319.7

184.2

90.5

147.8

104.6

130.4

114

130

96.5

121

106.2

105.1

106.8

109.4

116.6

108.5

127.5

128.3

111.7

108.8

124.5

119.2

100.4

129.1

98.9

114.8

109.9

115.8

94.3

99.9

118.6

120.6

112.9

129.4

1005.8

123.9

106.1

149.6

107.4

113.5

117.7

125.6

Nearly 80,000 college and university students called the Capital Region home. Following is a list of higher ed institutions ranked by enrollment (Fall 2013):

1. University at Albany, State University of New York (17,195)2. Hudson Valley Community College (12,252)3. Rensselaer Polytechnic Institute (7,028)4. Schenectady County Community College (6,440)5. The College of Saint Rose (4,500)6. Siena College (3,139)7. The Sage Colleges (2,885)8. Skidmore College (2,632)9. Union College (2,242)10. SUNY Empire State College (1,568)11. Albany College of Pharmacy and Health Sciences (1,565)12. Mildred Elley College and Austin School of Spa Technology (1,675)13. Maria College (866)14. Albany Medical College (823)15. Bryant & Stratton College (479)16. Albany Law School (477)17. Union Graduate College (438) 18. SUNY Poly College of Nanoscale Science & Engineering (400)• Excelsior College*

Transportation

Albany International Airport (ALB)737 Albany-Shaker Road, Albany 518.242.2200 | www.albanyairport.com

Airlines: • American Airlines• Cape Air• Delta• JetBlue• Southwest• United

Amtrak - Rensselaer (ALB)East Street, RensselaerThe ninth busiest rail station in the country serving more than 800,000 people each year, this multi-level facility features adjacent open and covered parking, and retail, commercial and meeting space. 518.462.5763 | www.amtrak.com

Amtrak - Schenectady (SDY)332 Erie Blvd, Schenectady | 518.346.8651Amtrak

Amtrak - Saratoga (SAR)26 Station Lane, Saratoga Springs | 518.587.8354

CDTA The Capital District Transportation Authority (CDTA) operates regular route bus service, shuttle systems and paratransit in the Capital Region. CDTA owns and operates the Rensselaer Rail and Saratoga Springs Train Stations. CDTA also operates the Northway Commuter Service between Saratoga County and downtown Albany. 518.482.8822. | www.CDTA.org

Higher Education

*not ranked; distance learning institution

Source: Albany Business Review Book of Lists 2015

Education