Economic News

About Albany

Albany ( AWL-bə-nee) is the capital and oldest city in the U.S. state of New York and the seat of and the most populous city in the county of the same name. It is located on the west bank of the Hudson River, about 10 miles (16 km) south of its confluence with the Mohawk River, 135 miles (220 km) north of New York City, 170 miles (270 km) west of Boston, and about 220 miles (350 km) south of Montreal. The city is known for its architecture, commerce, culture, institutions of higher education, and rich history. It is the economic and cultural core of the Capital District of the State of New York, which comprises the Albany–Schenectady–Troy Metropolitan Statistical Area, including the nearby cities and suburbs of Troy, Schenectady, and Saratoga Springs. With an estimated population of 1.1 million in 2013, the Capital District is the third most populous metropolitan region in the state.