Immediate Opening | Employment Opportunity: Senior Economic Developer

November 16, 2020

Senior Economic Developer
Capitalize Albany Corporation – Albany, NY

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 business development programs, including the Corporation’s attraction and retention efforts, lending programs and strategic revitalization initiatives. The role also assists with project development, including assistance with the City of Albany Industrial Development Agency and the Corporation’s real estate transactions.  The ideal candidate will add a new perspective and skillset to complement the team’s existing strengths. This position reports to the Director of Economic Development.

Capitalize Albany Corporation is a 501-c3 and local public authority 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 New York’s Capital City. The Corporation, which is tasked with executing the City of Albany’s economic development strategy, is guided by a dynamic Board of Directors composed of influential executives representing local corporations, colleges and universities, legal firms, financial institutions and small businesses. Capitalize Albany Corporation is an equal opportunity employer that values diversity. The Corporation offers excellent benefits and a competitive salary commensurate with experience and skills.

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 10-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 enjoys 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.

Capitalize Albany currently plays an integral role in responding to and recovering from the the adverse economic impacts of COVID-19 on local businesses and ongoing revitalization efforts. Concurrently, the Corporation is also entering an exciting new phase as it embarks on master-developing a multiple acre site in the City of Albany’s downtown core. This role will fill an essential project/program management function for business development and strategic revitalization initiatives in both of these priority areas.

Business & Strategic Development

  • Plans and supervises programs related to small business development, project financing and management, development and implementation of grants and the preparation of revitalization strategies.
  • 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 encourage 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 & 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 & 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. Having reliable transportation/access to public transportation, Microsoft Office proficiency and advanced word processing skills are required.

To Apply

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