July 19, 2019

Capitalize Albany Corporation is searching for a proactive, collaborative and detail-oriented executive who has a track-record of innovative problem-solving and achieving impactful results. Capitalize Albany Corporation has been the designated economic development organization for New York State’s Capital City since it was formed in 1979, providing strategic, real estate and business development services on behalf of a city that prioritizes smart growth, equity and streamlined results. Capitalize Albany is a nonprofit 501(c)3 and local public authority that works directly and collaboratively with city, county and state agencies, elected officials, private businesses, the general public and regional economic development partners in pursuit of its mission.

The Vice President will assist the President in leading both operational and programmatic functions, handling diverse and multifaceted projects in a fast-paced and highly-visible environment. The successful candidate will have the opportunity and responsibility to make a direct and lasting impact on the City’s skyline and economic vitality.

Our Community

The City of Albany is the Capital of New York and has a population of 97,000. The City itself, however, is much more than a star on a map. Its history spans four centuries, and it builds on that rich heritage to drive into the future as a vibrant, thriving and innovative city. Located at the crossroads of two of the Northeast’s busiest interstate highways and along the historic Hudson River, the City of Albany’s distinctive commercial districts and neighborhoods make Albany an urban center of diverse residential, commercial and institutional activity. In addition to being the seat of local, county and state government, the City of Albany is the commercial and cultural heart of a million-person region with major growth in the healthcare, creative economy and technology sectors. The City is home to three hospitals – including a world-class regional trauma center, ten colleges and universities – including a research 1 public institution, and hundreds of thriving businesses across all sectors.

Albany is a small city with the potential for big impact. Its affordability, quality of life, and sense of community are matched by its access to major public and private-sector organizations, diversity of cultural, natural and recreational destinations in the rich Capital Region, and easy proximity to major population centers like Montreal, Boston and New York. This combination offers unmatched opportunities for residents and businesses alike.

Our Team

The passionate and talented seven-member team at Capitalize Albany and its engaged and influential 16-member Board of Directors strives to inspire investment in the City of Albany, NY. The Corporation is a 501(c)3 and local public authority with the mission of facilitating strategic economic development and stimulating transformative investment throughout the City of Albany, making New York’s Capital a vibrant place to thrive. A catalyst for economic growth, Capitalize Albany Corporation serves as the City of Albany’s official economic development arm, developing economic development strategies and matching projects with the right partners, tools & resources to stimulate transformational local real estate development & business investment. Capitalize Albany staff also manage the City’s industrial development agency and capital resource corporation – a critical tool for local development. This team loves what they do and strives to have fun while doing it. As a staff, the Capitalize Albany team values drive, teamwork, flexibility and follow-through and is looking forward to welcoming new perspectives and areas of expertise as it grows.

The Corporation is entering an exciting new phase as it embarks on master-developing a multiple acre site in the City of Albany’s downtown core. To tackle this complex and dynamic new challenge, the Corporation is expanding its nimble and dedicated team. The Vice President will play an essential role in this new venture.

General Responsibilities

The Vice President role involves directing operational activities of the organization and its contracted partners, and managing complex and dynamic programs and projects in support of real estate development, business development and strategic economic development. The successful candidate will be a motivating leader with excellent interpersonal skills and the proven ability to manage and develop a small team of both senior and staff-level employees. The work will require considerable independent judgement and initiative, fluid collaboration with the internal team and external stakeholders, strong analytical and finance skills to solve complex problems, a detail-oriented focus on compliance and monitoring, and the ability to deftly represent the Corporation in collaboration with public and private sector partners at all levels. The Vice President will report to the President.

Minimum qualifications include a Bachelor’s Degree in Public or Business Administration, Economic Development, Commercial Real Estate, or related field. A Master’s level degree is strongly preferred. Extensive (7-10 years minimum) of progressively responsible work experience in economic development or a closely related field with three or more years at a managerial level is required. The ideal candidate will add a new perspective and skillset to complement the team’s existing strengths. Capitalize Albany Corporation is an equal opportunity employer that values diversity. The salary for the Vice President is dependent upon qualifications and experience.

Job Description

The incumbent plans, directs, and implements programming, project development, and operational/compliance activities of Capitalize Albany Corporation under the oversight of the President.  The Vice President reports to the President.  Supervision is exercised over professional staff.

Responsibilities will include:

  1. Executing and implementing annual operating plans and activities that support strategic directions set by the Board of Directors and President
  2. Providing strategic direction and implementation related to economic development programming and communications
  3. Providing senior-level strategic, real estate and business development project management including initiation, ongoing relationship maintenance and compliance and monitoring services
  4. Providing and overseeing regular business, investor and project outreach to ensure an environment of trust and follow-through between the Corporation and its stakeholders
  5. Actively representing the Corporation with government officials, partner agencies, investors, leaders in the business community, contracted organizations and other stakeholders, advocating for Capitalize Albany’s core values and programmatic efforts
  6. Preparing content, production and distribution of marketing, business outreach, presentation and publicity materials to assure Capitalize Albany and its mission, programs, and services are consistently presented in a strong, positive image to relevant stakeholders
  7. Acting as a liaison between Capitalize Albany and the community, building relationships with peer organizations when appropriate
  8. Serving as a senior-level point of contact for and administering Corporate operational, finance, budget and governance matters
  9. Assisting President and Controller with budget preparation, internal controls and other financial operations
  10. Overseeing the operations of the organization and its contracted partners and managing compliance with respective legal and regulatory requirements
  11. Coordinating information technology, human resources, payroll and purchasing activity
  12. Overseeing the prudent management of the organization’s resources within budget guidelines and safeguarding of the Corporation’s assets


If you are a qualified candidate excited about the opportunity to shape Albany’s future, the Corporation is looking forward to your application. Please send an up-to-date resume and cover letter to:

Sarah Reginelli
President, Capitalize Albany Corporation
[email protected] with “Vice President” in the subject line.