Overview
What is Ceg Of The Capital Region?
Ceg Of The Capital Region is a nonprofit organization dedicated to promoting economic growth in New York's eight-county, 1.1 million-person Capital Region. As the regional economic development organization, Ceg proactively markets the region to attract investment and talent, strengthens manufacturing and workforce capabilities, leverages industry clusters, and fosters an entrepreneurial ecosystem. By working in partnership with investors and stakeholders, Ceg serves as a catalyst, preparing the region to compete and advance high-impact strategies and projects. The organization's primary function within the business development team is to assist manufacturing and technology companies in locating and expanding, resulting in private capital investment, job creation, or job retention. This is achieved through providing technical assistance and connecting companies to incentives, capital, workforce resources, and suitable sites.
Official website here: www.ceg.org
Is Ceg Of The Capital Region legitimate?
Ceg Of The Capital Region is a legitimate nonprofit organization registered as a 501(c)(6) entity. Ceg Of The Capital Region submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.ceg.org
What is the mission statement of Ceg Of The Capital Region?
The Center for Economic Growth, commonly known as CEG, is dedicated to fostering economic growth in a region comprising eight counties and a population of 1.1 million. Acting as the regional economic development organization, CEG proactively markets the region to attract investment and talent, strengthens manufacturing and workforce capabilities, leverages industry clusters, and develops the entrepreneurial ecosystem. CEG serves as a catalyst, collaborating with partners and stakeholders to prepare the region for competitiveness, ultimately moving high-impact strategies and projects forward. The organization's business development team plays a significant role in helping manufacturing and technology companies locate and expand, leading to private capital investment, job creation, or job retention. By offering technical assistance and connecting companies to incentives, capital, workforce resources, and sites, CEG supports sustainable economic growth and shared prosperity.
Official website here: www.ceg.org
Who is the CEO of Ceg Of The Capital Region?
Mark Eagan is the Chair of Ceg Of The Capital Region.
Official website here: www.ceg.org
What is the revenue of Ceg Of The Capital Region?
Ceg Of The Capital Region's revenue in 2022 was $1,683,325.
Official website here: www.ceg.org
Who are the executives of Ceg Of The Capital Region and what are their salaries?
Here are 9 key members and their salaries:
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- Related: $404,076
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- Related: $147,119
- Other: $22,140
Official website here: www.ceg.org
Where can I find the form 990 for Ceg Of The Capital Region?
Ceg Of The Capital Region's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ceg.org
Learn more at the official website: www.ceg.org
Mission Statement of Ceg Of The Capital Region
Ceg Of The Capital Region, as a nonprofit economic development organization, is dedicated to driving economic growth in New York's eight-county, 1.1 million-person Capital Region. The organization's mission is to proactively market the region to attract investment and talent, grow manufacturing and workforce capabilities, leverage industry clusters, and develop the entrepreneurial ecosystem. By serving as a catalyst, Ceg Of The Capital Region works with partners and stakeholders to prepare the region to compete and move high-impact strategies and projects forward.
In its mission to foster economic growth, Ceg Of The Capital Region's business development team plays a significant role. They help manufacturing and technology companies locate and expand, leading to private capital investment, job creation, or job retention. To achieve this, the organization provides technical assistance and connects companies to incentives, capital, workforce resources, and suitable sites.
In summary, Ceg Of The Capital Region is a vital force in the Capital Region's economic development. Its mission focuses on attracting investment and talent, nurturing manufacturing and technology sectors, and fostering an entrepreneurial environment. Through its business development team, the organization assists companies with expansion, providing them with necessary resources and connections to propel their growth and contribute to the region's economic prosperity.
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Impact
October, 2024
Ceg of the Capital Region plays a crucial role in fostering economic growth and enhancing the competitive landscape of New York's eight-county capital region. Through a multi-faceted approach, CEG actively attracts investment and talent, while also strengthening manufacturing and workforce capabilities. By leveraging existing industry clusters, the organization promotes collaboration among local businesses, educational institutions, and government entities, creating a robust entrepreneurial ecosystem.
One of CEG's key strategies is targeted marketing that highlights the competitive advantages of the region to both domestic and international businesses. This involves attending industry-specific events, engaging in direct outreach, and utilizing digital marketing strategies to connect with decision-makers. By identifying appropriate sites and developing tailored proposals, CEG ensures that prospective companies have access to the resources needed for their expansion or relocation.
In addition to driving private capital investment and job creation, CEG also focuses on job retention. Their assistance goes beyond mere attraction; they provide technical support, connect businesses with financial incentives, and coordinate workforce development initiatives, all aimed at meeting the specific needs of local companies.
Ultimately, CEG serves as a catalyst for economic development, working with regional partners to implement high-impact strategies that drive sustainable growth and shared prosperity throughout the capital region. This concerted effort not only enhances the local economy but also improves the quality of life for its residents by creating more opportunities and fostering a dynamic business environment.
This information is meant to be a general summary of Ceg Of The Capital Region. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,347
- Program Service Revenue: $314,636
- Gross Receipts: $1,695,448
Assets and Liabilities:
- Total Assets: $1,459,442
- Total Liabilities: $1,753,979
- Net Assets: -$294,537
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TALENT DEVELOPLMENT
Revenue
$143,450
BUSINESS GROWTH
Revenue
$99,462
MEMBER SERVICES
Revenue
$71,724
Organization Details
Founding Year
2017
Phone
(518) 431-1416Principal Officer
Mark Eagan
Main Address
FIVE COMPUTER DRIVE SOUTH, ALBANY, NY, 12205
Website
www.ceg.orgNTEE Category
Code: Y03 - Mutual benefit
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