page_title: Capital District, New York
section_title: Economy
hierarchical_section_title: Capital District, New York / Economy
caption_attribution_description: English: Albany Medical Center on New Scotland Avenue in Albany, New York, United States
context_page_description: The Capital District, also known as the Capital Region, is the metropolitan area surrounding Albany, the capital of the U.S. state of New York. In the 21st century, the Capital District emerged as a major anchor of Tech Valley, the moniker describing the technologically-focused region of eastern New York State. The Capital District was first settled by the Dutch in the early 17th century and came under English control in 1664. Albany has been the permanent capital of the state of New York since 1797. The Capital District is notable for many historical events that predate the independence of the United States, including the Albany Plan of Union and The Battles of Saratoga.
context_section_description: The economy of the Capital District is heavily anchored by the state government. There have traditionally been three legs holding up the region's economy: State government, health care, and education. Albany has the fourth-highest amount of lawyers in its employment pool (7.5 lawyers per 1,000 jobs) in the nation, behind Washington, D.C.; Trenton, New Jersey; and New York City, respectively. Many important regional and national banks are headquartered in the area.
caption: Albany Medical Center, the fourth largest employer in the Capital District
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