The economy of Albany is heavily dependent on the state government. Another top employer is Golub Corporation, the family-owned operator of Price Chopper supermarkets. The city is at the center of a 19-county region in eastern New York state branded as "Tech Valley" focusing on high-tech industries such as geographical information, nanotechnology, biotechnology, homeland security, information technology and alternative energy. Key Bank Trust Co and Bank Corp NY are the major financial institutions. The average home is worth $204,500 and the average rent is $735 per month.
