Immediate Opening | Employment Opportunity: Senior Economic Developer

September 15, 2016

About the Position

Capitalize Albany Corporation is seeking a highly motivated, professional and experienced candidate for Senior Economic Developer. This is a fast-paced position responsible for managing the administration of real estate and business development programs, lending programs and strategic initiatives. The Senior Economic Developer also assists with project development and financing, including administration and compliance of the City of Albany Industrial Development Agency and the Corporation’s real estate transactions.  This position is supervised by and reports to the Director of Economic Development.

Capitalize Albany Corporation is a 501-c3 that facilitates transformational real estate development projects; assists in the expansion, retention and attraction of businesses; promotes local economic activity; and creates economic development programs for the City of Albany, NY. The Corporation, which is tasked with executing the City of Albany’s economic development strategy, is guided by a Board of Directors composed of executives representing local corporations, colleges and universities, legal firms and financial institutions. The Corporation offers excellent benefits and a competitive salary commensurate with experience and skills.

Real Estate and Business Development

  • Plans and supervises programs related to the Industrial Development Agency, real estate development, project financing and management, development and implementation of grants and the preparation of revitalization strategies.
  • Assists with ensuring compliance with State and Agency policies and requirements of the Industrial Development Agency and Capital Resource Corporation.
  • Works and interacts with government officials, business leaders, community and neighborhood organizations and the public.
  • Confers and maintains cooperative relationships with banks, real estate brokers, utilities, and chambers of commerce to monitor the status of economic development in the City.
  • Establishes liaison with banks, commerce groups and trading companies in order to influence investors to locate in the City.
  • May act as staff or the Corporation’s designee to related boards, committees and other related development organizations, such as local Business Improvement Districts, the Albany Industrial Development Agency, Capital Resource Corporation and Albany Community Development Agency.

Project Development

  • Compiles and disseminates information as to desirable locations, availability of land, tax structure, utilities, transportation, labor, financing including tax exempt, and any other community resources information related to such a move or expansion.
  • Assists in the preparation and review of RFP’s for services related to real estate development.

Research and Analysis

  • Researches and provides recommendations on economic development opportunities and best practices in business development, project development and strategic planning.
  • Evaluates results of economic development studies and make recommendations.
  • Evaluates the needs of businesses seeking assistance from the Corporation and proposes appropriate assistance packages.


Qualifications and Skills

The successful candidate will have a bachelor’s degree in business, management or a related field and at least three years of hands-on experience. A master’s degree is preferred. The successful candidate must have experience in the economic development field including solid knowledge of the principles and practices employed in business development and project management. Understanding of real estate practices, working knowledge of economic financing practices (loans, tax credits, PILOTs, etc.), and analytic skills, to include financial feasibility criteria and assessment techniques, is desired.  Candidates must have demonstrated ability to effectively interact with business representatives, government officials, lending organizations and real estate professionals.

The successful candidate must be well organized, personable, results-driven and detail oriented. Excellent people skills, verbal and written communication skills are critical. Flexibility and ability to manage multiple projects and tasks simultaneously and efficiently in a team and independently is essential. Advanced knowledge of Microsoft Excel, Access and PowerPoint is desirable. Functional knowledge of Geographic Information Systems is a plus.  Having reliable transportation, Microsoft Office proficiency and advanced word processing skills are required.


To Apply

Please email cover letter and resume to [email protected] with “Senior Economic Developer Search” in the subject line.