News

Albany County Executive Daniel P. McCoy, County Legislature Chairwoman Joanne Cunningham and the Advance Albany County Alliance (AACA) announced the award of $502,650 in grant funding through the AACA Cultural and Arts Grant Program. This initative aims to support Albany County’s economic growth, cultural development, and community engagement by fostering initiatives that enhance the county’s vibrant arts and cultural landscape. This is the first round of funding, out of a total $1.25 million that has been dedicated to this effort…

Proposed offshore wind manufacturing facilities at the Capital Region’s major marine ports will bring an influx of jobs by the thousands while adding billions to the local economy, according to an economic impact assessment released today by the Port of Albany and the Port of Coeymans. The assessment was developed by Karp Strategies in partnership with the Center for Economic Growth, Advance Albany County Alliance, Port of Albany and Carver Companies, which owns and operates the Port of Coeymans, and…

Governor Kathy Hochul today announced a $10 billion partnership with leaders from the semiconductor industry such as IBM, Micron, Applied Materials, Tokyo Electron, and others to establish a next-generation semiconductor research and development center at NY CREATES’ Albany NanoTech Complex. The partnership will fund the construction of a cutting-edge High NA Extreme Ultraviolet Lithography Center – the first and only publicly owned High NA EUV Center in North America – that will support the research and development of the world’s…

Governor Kathy Hochul today announced nearly $26 million in grant funding has been awarded to 24 Land Banks across New York State. The funding, made available through the State’s Land Bank Initiative, will help eliminate blight, increase housing supply, assist local economic development efforts, spur the availability of homeownership opportunities, and improve the quality of life in communities that have experienced disinvestment. “New York’s Land Bank Initiative has already allowed us to preserve, restore, and revitalize rundown properties across the…

We’re honored to have won the New York State Economic Development Council’s (NYSEDC) Project of the Year Award for 2023! Let’s keeping making things happen. Cheers for Albany County!

“Reinvigorate our historic places so they’re here 150 years from now, our city hall, the music hall, the beautiful public library we have here,” Governor Kathy Hochul said today as she announced millions of dollars in funding for several upstate towns and cities as part of the Downtown Revitalization Initiative (DRI). Advance Albany County Alliance had the privilege of being invited to the announcements of the DRI today at the historic Cohoes Music Hall. Cohoes Music Hall is the 4th…