Albany, New York is the epicenter of a workforce renaissance.
Following decades of manufacturing job losses, the city capitalized on its infrastructure and advances in technology to create thousands of new jobs and increase its GDP more than 60 percent between 2001 and 2015. More than $49 million worth of state and federal funding helped the Port of Albany-Rensselaer expand its shipping operations for clients like GE Power, while simultaneously creating 1,400 jobs.
At the same time, the construction of the Colleges of Nanoscale Science and Engineering at the University of Albany added an additional 4,000 jobs and helped the city become a leader in the worldwide semiconductor industry.
But despite these advances, Albany’s poverty rate still remains higher than at the turn of the century, with 36,827 residents living in poverty as of 2015.
Watch the video above to see how Albany’s growth has changed the nature of this capital city.
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