Center for Economic Growth
Center for Economic Growth
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About this organization
Mission
THE CENTER FOR ECONOMIC GROWTH (CEG) IS A PRIVATE, NOT-FOR-PROFIT, MEMBERSHIP-BASED ECONOMIC AND BUSINESS DEVELOPMENT ORGANIZATION COMMITTED TO VISIONARY REGIONAL ECONOMIC EXPANSION THROUGHOUT NEW YORK STATE'S CAPITAL REGION AND TECH VALLEY, A REGION OF MORE THAN 1.1 MILLION RESIDENTS. CEG IMPLEMENTS STRATEGIC INITIATIVES TO ENHANCE THE REGION'S COMPETITIVENESS BY ATTRACTING HIGH-TECH TALENT AND COMPANIES THROUGH SITE LOCATION AND ASSISTANCE WHILE PROVIDING INNOVATIVE SERVICES TO GROW LOCAL BUSINESSES AND PREPARE REGIONAL COMMUNITIES FOR FUTURE GROWTH.
About
OBJECTIVE IS TO SERVICE SMALL TO MEDIUM SIZED COMPANIES (SMES) IN THE MANUFACTURING AND TECHNOLOGY SECTORS ACROSS SEVERAL INDUSTRIES AND HELP THEM GROW AND COMPETE IN THE 21ST CENTURY. THE PROGRAM IS SUPPORTED BY NEW YORK STATES NYSTAR PROGRAM (DIVISION OF SCIENCE, TECHNOLOGY AND INNOVATION) AND THE NIST (NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY) THROUGH THE MANUFACTURING EXTENSION PARTNERSHIP PROGRAM. THESE SERVICES HELP SMES REALIZE NEW REVENUES AND INCREASE PROFITABILITY THROUGH ASSISTING THEM IN INCREASING SALES, IMPROVING PRODUCTIVITY AND OPERATIONS, LAUNCHING NEW PRODUCTS, ALIGNING EXECUTIVE TEAM STRATEGIES AND MORE. INTERNAL CEG TEAM MEMBERS, AS WELL AS THIRD-PARTY PARTNERS, PROVIDE THESE SERVICES. CEG IS ALSO RECOGNIZED AS THE THE REGIONAL TECHNOLOGY DEVELOPMENT CENTER (RTDC), FOCUSED ON THE PROMOTING TECHNOLOGY DEVELOPMENT, TECHNOLOGY TRANSFER, MANAGEMENT, AND TECHNICAL ASSISTANCE ACROSS A BROAD BASE OF MANUFACTURING AND TECHNOLOGY SECTORS. THESE DESIGNATION ALLOWS CEG TO LEVERAGE GRANT FUNDS FOR CLIENTS THROUGH PARTNERS SUCH AS NATIONAL GRID AND THE WORKFORCE DEVELOPMENT INSTITUTE.
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “Technical services group assists regional technology and manufacturing companies in the creation and retention of jobs, increase sales and expand capital investment venture initiatives provides captial to regional technology companies by connecting them to potential investors, reviewing business plans and expanding venture funding opportunities ceg's sales calls, tradeshows and cultivation of business contacts through targeted strategic, cross-industry & global marketing programs preservation and promotion of tech valley's quality of life while helping position communities to achieve smart and desired economic growth by working at local, county and state level to expand service-sharing, eliminate duplication and streamline services at all levels of government to encourage smart growth through the development of comprehensive plans and by providing the tools, information and education that will allow for sustainable communities.”.
When detailing its functions, they were listed as: “The center for economic growth (ceg) is a private, not-for-profit, membership-based economic and business development organization committed to visionary regional economic expansion throughout new york state's capital region and tech valley, a region of more than 1.1 million residents. ceg implements strategic initiatives to enhance the region's competitiveness by attracting high-tech talent and companies through site location and assistance while providing innovative services to grow local businesses and prepare regional communities for future growth.”.
- According to the law, the state where the non-profit operates has been reported as NY.
- The filing specifies that the non-profit's address in 2020 was 41 STATE STREET NO 705, ALBANY, NY, 12207.
- As of 2020, the non-profit's form shows they have a total of 16 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $5,177.
- The organization has 0 independent voting members.
- The organization was formed in 1987.
- The organization pays $754,698 in salary, compensation, and benefits to its employees.
- The organization pays $6,017 in fundraising expenses.