Consumer Prices Remain Stable, Producer Prices Index Recovering After seeing shifts due to COVID-19, both the Consumer and Producer Price Indexes seem to be returning to pre-pandemic levels over the past few months. The Producer and Consumer Price Indexes are important indicators of the economy as they measure the costs that consumers pay for […]
Regional Sales Tax Revenue Slowly Recovering Sales tax revenue in the region took a hit in the months following the initial COVID-19 response in the U.S. In April and May 2020, each of the 8 counties in the Greater Capital Region all saw steep decreases beyond the normal fluctuations. Since that time, revenues have […]
Cost of Living in the Region Remains Stable Through Pandemic Between Quarter 2 (Q2) 2019 and Q3 2020, the region and the world have seen unprecedented changes due to the COVID-19 pandemic. However, since CDRPC’s last COLI update, which ran from Q1 2018 through Q2 2019, costs in the Capital Region have remained stable. […]
Regional Housing Market Shows Continued Declines Utilizing 2019 Census Building Permits data, CDRPC notes the continuation of declining trend in building permit issuance for the Capital Region. Utilizing data from both the 2017 and 2018 Building Permit Analyses as well as current 2019 data, we can see the that building permit issuance in the region […]
Emergency Changes to Open Meetings Law in Response to COVID-19 This content is adapted from a communication sent by NYSEDC Executive Director, Ryan Silva The Governor in Executive Order No. 202.1 (click here for full version) has relaxed the Open Meetings Law to allow meetings of public bodies to be held remotely by conference call […]
NAICS Employment Comparison 2000-2018 Health Care and STEM Jobs See Growth Since 2000 New York State has not only of the largest economies in the United States but one of the largest economies in the world. The New York State’s economy is the third-largest in the United States and with a GDP of over […]
Did you Know? Capital Region Foreign Trade Zone-121 offers benefits to businesses within a 10-county area Since 1985, CDRPC has administered the Capital Region Foreign Trade Zone-121 which is active in Albany, Columbia, Greene, Fulton, Montgomery, Rensselaer, Saratoga, Schenectady, Warren and Washington counties. What is a Foreign-Trade Zone? Foreign-trade zones are secure areas under supervision […]
Recent Data Release Update There are two important data releases taking place in September to keep an eye on, as they will provide incredibly useful data and trends for local governments, planners, and anyone else who uses Census data. 2018 ACS 1-Year Estimates The American Community survey, unlike the Decennial Census, is an ongoing survey […]
Cost of Living Becoming More Affordable but Still Above National Average Changes to the Capital District’s Cost of Living Since Quarter 1 (Q1) 2018 the Composite Index, a compilation of the cost goods and services of multiple indexes, declined from 108.6 to 107, a 1.47% decline. After increases last year, the Composite Index moved back […]
Regional Housing Market shows slight decline through building permits; demand for multi-family units declines Utilizing 2018 Census Building Permits data, CDRPC notes a continued slight decline in housing starts for the Capital Region. Utilizing last year’s analysis and the current 2018 data, we can see a slight decline in overall building permit issuance and […]