A drop in the vacancy rate locally for office space, from 13% in the first half of 2023 to 12.5% by year’s end, would seem to be a good thing, right? Not necessarily.
As pandemic roared, $1.6 billion in federal loans flowed into region
Data from SBA shows pandemic loans supported 166,519 local jobs
Larry Rulison, Cathleen F. Crowley and Emilie Munson contributed to this report
Feb. 28, 2021
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More than 13,000 businesses in Albany, Schenectady, Rensselaer and Saratoga counties obtained nearly $1.6 billion in PPP loans during the coronavirus pandemic, according to a review of SBA data by the Times Union.Paul Buckowski/Albany Times UnionShow MoreShow Less
2of26Buy PhotoWilliam Gettman, chief executive officer of Northern Rivers Family of Services, speaks during a ribbon cutting the mark the completion of a new $10 million Behavioral Health Care Center on Thursday, Sept. 26, 2019, in Albany, N.Y. (Will Waldron/Times Union)Will Waldron/Albany Times UnionShow MoreShow Less