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Industrial Development Agency

The purpose of the Industrial Development Agency is to to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing industrial, manufacturing, warehousing, commercial, research and recreation facilities. The Agency aims to protect and promote the health of the inhabitants of the City of Albany by the conservation, protection and improvement of the natural and cultural or historic resources and environment and to control land, sewer, water, air, noise or general environmental pollution derived from the operation of industrial development.

The agency consists of seven members as well as a CEO, CFO and Agency Council. Members are appointed by Common Council to three-year terms and must be residents of the City of Albany and whenever possible shall have a general background or expertise in industry, business, economic development, urban planning or banking, and possess a commitment to the revitalization of the City.

Members

  • Anthony Ferrara, Chairman
  • Willard Bruce, Vice-Chairman
  • Betty Barnette, Treasurer
  • David Riker, Secretary
  • Susan Pedo
  • Gary Simpson
  • Prairie Wells

Agency Staff

  • Mike Yevoli, CEO
  • Erik Smith, CFO
  • John Reilly, Agency Counsel
  • Jeff Sullivan, Staff
  • Committees

      Audit Committee
      • Susan Pedo
      • Prairie Wells
      • Gary Simpson
      Governance Committee
      • David Riker
      • Prairie Wells
      • Gary Simpson

    Contact Information

        Erik Smith, CFO 
        Industrial Development Agency 
        City of Albany 
        21 Lodge Street 
        Albany, New York 12207 
        Phone: (518) 434-2532 

    Meetings

      Meetings of the IDA meet every third Thursday of the month at 12:15 p.m. at 21 Lodge Street.

    Laws

      City of Albany General Code Chapter 42 Part 25 Article XXXVI Section 42-288
      New York State General Municipal Law Article 18-A Sections 850 to 888 and Section 903-A

    Erik Smith, CFO     Industrial Development Agency     City of Albany     21 Lodge Street     Albany, New York 12207     Phone: (518) 434-2532