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==Economy== {{Main|Economy of New York's Capital District}} [[File:One Commerce Plaza.jpg|thumb|[[One Commerce Plaza]]<ref>{{cite web|title=Senior Management Team |publisher=Carrow Real Estate Services, LLC |url=http://www.carrowrealestateservices.com/carrow-management-team.html |access-date=June 21, 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100326160830/http://www.carrowrealestateservices.com/carrow-management-team.html |archive-date=March 26, 2010}}</ref>|alt=A tall, white, steel-framed building with black windows.]] Albany's economy, along with that of the Capital District in general, is heavily dependent on government, [[Health care in the United States|health care]], [[Education in the United States|education]], and more recently, technology. Because of these typically steady economic bases, the local economy has been relatively immune to national [[economic recession]]s in the past.<ref name="TUKarlin">{{cite news |title=Headed Toward Recovery |author=Karlin, Rick |publisher=Hearst Newspapers |work=Times Union (Albany) |url=http://albarchive.merlinone.net/mweb/wmsql.wm.request?oneimage&imageid=8756855 |url-status=dead |date=September 27, 2009 |access-date=September 6, 2010 |archive-date=April 30, 2011 |archive-url=https://web.archive.org/web/20110430025848/http://albarchive.merlinone.net/mweb/wmsql.wm.request?oneimage&imageid=8756855 }}</ref> In 2009, more than 25 percent of the city's population worked in government-related positions.<ref name="rittner2009-13">Rittner (2009), p. 13</ref> Albany's estimated daytime population is more than 162,000. Companies based in Albany include [[Trans World Entertainment]], [[AMRI Global]] and [[Clough Harbour]]. In 2019, Albany had the fourth-highest amount of lawyers in its employment pool (7.5 lawyers per 1,000 jobs) compared to the rest of the nation, behind Washington, D.C., Trenton, New Jersey, and New York City, respectively.<ref>{{cite news| author = Jackson Lewis | title = The Present and the future of law in Albany | newspaper = Albany Business Review | location = Albany, New York | page = 7 | date = January 11, 2019}}</ref> {{clear}} ===Tech Valley=== {{main|Tech Valley}} [[File:SUNY Nanotech Center.jpg|thumb|[[University at Albany|SUNY]] [[State University of New York Polytechnic Institute|Polytechnic Institute's]] [[College of Nanoscale Science and Engineering]] embodies Albany's emerging [[high-tech]] industry.<ref name="TUKarlin" />|alt=A round white building with dark blue windows, three stories tall.]] Since the 2000s, the economy of Albany and the surrounding Capital District has been directed toward [[high-tech|high technology]], a growing fourth sector of the area's economic base. [[Tech Valley]] is a marketing name for the eastern part of New York State, encompassing Albany, the Capital District, and the [[Hudson Valley]].<ref name="Chambercoalition">{{cite web|title=About Tech Valley |publisher=Tech Valley Chamber Coalition |access-date=October 27, 2015 |url=http://techvalley.org/Pages/Live/About%20Tech%20Valley.html |url-status=dead |archive-url=https://web.archive.org/web/20081103032600/http://www.techvalley.org/Pages/Live/About%20Tech%20Valley.html |archive-date=November 3, 2008 }}</ref> Originated in 1998 to promote the greater Albany area as a high-tech competitor to regions such as [[Silicon Valley]] and [[Boston]], it has since grown to represent the counties in the Capital District and extending to 19 counties from [[IBM]]'s [[Westchester County, New York|Westchester County]] plants in the south to the [[Canada–United States border|Canada–US border]] in the north. The area's [[entrepreneurial ecosystem|high technology ecosystem]] is supported by technologically focused academic institutions including [[Rensselaer Polytechnic Institute]] and the [[State University of New York Polytechnic Institute]].<ref name="MadeInAlbany">{{cite news |last=Rulison |first=Larry |url=http://www.timesunion.com/news/article/Made-in-Albany-IBM-reveals-breakthrough-chip-6376816.php |title=Made in Albany: IBM reveals breakthrough chip made at SUNY Poly |newspaper=Albany Times-Union |date=July 10, 2015 |access-date=October 27, 2015}}</ref> Tech Valley encompasses 19 counties straddling both sides of the [[Adirondack Northway]] and the [[New York Thruway]],<ref name="Chambercoalition" /> and with heavy [[subsidy|state taxpayer subsidy]], has experienced significant growth in the computer hardware side of the high-technology industry,<ref name="TUKarlin" /> with great strides in the [[nanotechnology]] sector, [[digital electronics]] design, and water- and electricity-dependent [[integrated circuit|integrated microchip circuit]] manufacturing.<ref>{{cite news |last=Clukey |first=Keshia |url=http://www.bizjournals.com/albany/print-edition/2014/06/27/better-than-advertised-hip-plant-beats.html |title=Better than advertised: Chip plant beats expectations |newspaper=Albany Business Review |date=June 27, 2014 |access-date=October 27, 2015}}</ref> A notable video game development cluster has grown in and around Albany starting in the 2010s.<ref>{{cite news |title=CEG study shows growing clout of local video game cluster |last=Rulison |first=Larry |publisher=Hearst Media |work=Times Union (Albany) |date=January 13, 2022 |accessdate=February 18, 2023 |url=https://www.timesunion.com/business/article/CEG-study-shows-growing-clout-of-local-video-game-16773081.php}}</ref>
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