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==Economy== [[File:Albany Research Center.JPG|thumb|225px|Albany Research Center]] Albany calls itself the "rare metals capital of the world", producing [[zirconium]], [[hafnium]] and [[titanium]].<ref name="NETL">{{cite web | url= http://www.netl.doe.gov/careers/ | title= NETL: Careers and Fellowships | publisher= NETL Community | access-date= 2010-07-08 | archive-date= February 3, 2011 | archive-url= https://web.archive.org/web/20110203085736/http://www.netl.doe.gov/careers/ | url-status= dead }}</ref> One of the major producers of these metals in Albany is ATI Specialty Alloys and Components (formerly ATI Wah Chang) which has a {{convert|110|acre|km2|adj=on}} site that primarily focuses on the production of zirconium.<ref>{{cite web | url= http://www.wahchang.com/pages/overview/atiwahchang_overview.htm | title= About Wah Chang β Albany, OR | publisher= Wah Chang Corporation | access-date=2010-07-09}}</ref> Albany and the surrounding communities are major exporters of [[grass seed]]. Other crops produced include [[Maize|corn]], [[beans]], [[mentha|mint]], [[strawberries]], and [[Common Hazel|hazelnut]]s. [[Linn County, Oregon|Linn County]] is also referred to as the "Grass Seed Capital of the World".{{cn|date=January 2025}} Albany is the headquarters of [[Coastal Farm & Ranch]], a chain of farm supply stores in the Pacific Northwest.<ref>{{cite news |last=Gunderson |first=Laura |date=December 23, 2012 |title=Retail spotlight: Coastal Farm & Ranch plans future with more stores and more chickens |page=D2 |url=https://www.oregonlive.com/window-shop/2012/12/retail_spotlight_coastal_farm.html |work=The Oregonian |accessdate=January 30, 2025}}</ref> The decline of the timber industry and the outsourcing of manufacturing jobs has left Linn County with a relatively high unemployment rate. The [[Oregon Employment Department]] does not maintain unemployment statistics for cities.<ref>{{cite web | year= 2004 | url= http://www.oregon.gov/ODF/STATE_FORESTS/FRP/docs/OregonsTimberHarvests.pdf | title= Oregon's Timber Harvests | publisher= Oregon Department of Forestry| archive-url= https://web.archive.org/web/20100527170430/http://oregon.gov/ODF/STATE_FORESTS/FRP/docs/OregonsTimberHarvests.pdf| archive-date= 2010-05-27 |url-status=live}}</ref><ref>{{cite web | url= http://www.economagic.com/em-cgi/data.exe/fedstl/orlinn3urn | title= Unemployment Rate in Linn County | publisher= Economagic | access-date= 2010-07-08}}</ref> The losses in the timber industry in around Albany have led the city to a more diverse economic base for the city, led by retail trade, health care and social assistance, and manufacturing as the three leading aspects of the economy. Oregon Freeze Dry is a leading employer in the manufacturing sector of the Albany economy with its headquarters located in the city. The company employs over 300 people and was incorporated in 1963. The Albany facility is the company's main research and development site in the industry,<ref>{{cite web |url=http://www.ofd.com/food/gci/index.html |title=Oregon Freeze Dry: General information |publisher=Oregon Freeze Dry |archive-url=https://web.archive.org/web/20100622034718/http://www.ofd.com/food/gci/index.html |archive-date=2010-06-22 |url-status=dead }}</ref> and has recently partnered with [[Seattle]]-based technology company EnerG2 to produce carbon electrode material, in a {{convert|74000|sqft|m2|adj=on}} former distribution center of Oregon Freeze Dry by 2011 bringing a new green technology industry to Albany.<ref>{{cite news | url= http://democratherald.com/news/local/article_ff21ab2e-a583-11df-8ada-001cc4c002e0.html | title= Albany welcomes EnerG2 plant | work= Albany Democrat-Herald | archive-url= https://web.archive.org/web/20100829044932/http://www.democratherald.com/news/local/article_ff21ab2e-a583-11df-8ada-001cc4c002e0.html| archive-date= 2010-08-29 |date=2010-08-11 |url-status=live}}</ref> [[Tec Laboratories]] has made [[Tecnu]] poison ivy cleanser and other topical medicines in Albany since 1977. Albany is also home to the [[Albany Research Center]], which is part of [[National Energy Technology Laboratory]] (NETL). They employ a staff of 120. [[Albany Research Center]] was founded in 1943, the laboratory specializes in life cycle research starting with the formulation, characterization, and/or melting of most metals, alloys, and ceramics; casting and fabrication, prototype development; and the recycle and remediation of waste streams associated with these processes.<ref>{{cite web|url=http://www.gbeagle.com/component/content/article/39.html |title=National Energy Technology Laboratory |publisher=Goldbelt Eagle |archive-url=https://web.archive.org/web/20120308031149/http://www.gbeagle.com/component/content/article/39.html |archive-date=2012-03-08}}</ref> The [[Heritage Mall]], an enclosed shopping center, opened on November 2, 1988. The construction of a regional shopping center had been planned for a decade and included proposals to build a rival mall in Corvallis.<ref>{{cite news |last=Jameson |first=Hunter |date=November 2, 1988 |title=Grand opening ends 'Mall Wars' |page=8 |work=Albany Democrat-Herald |url=https://www.newspapers.com/article/albany-democrat-herald-grand-opening-end/164346919/ |via=Newspapers.com |accessdate=January 30, 2025}}</ref>
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