Albany Business Review: Making the case for tech companies in
Albany

Albany Business Review: Making the case for tech companies in
Albany

Published:
Friday, June 19, 2015 - 10:54
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[caption id="" align="alignnone" width="750"] hospitality-summit-6-2015-01*750xx3192-1798-0-199.jpg Sarah Reginelli is president of Capitalize Albany Corp., the city’s nonprofit development arm[/caption]

 

Much of the redevelopment in Schenectady and Troy has been driven by technology companies (and their employees) moving to the core of the city. What about in Albany?

Sarah Reginelli is the president of  Capitalize Albany Corp., the city’s private nonprofit economic development arm. She said many technology workers who live in the Albany area are still commuting outside the city to work at SUNY Polytechnic Institute and  GlobalFoundries.

“The main demographic that’s moving to downtown is that young professional crowd,” Reginelli said. “We do see people reverse commuting from apartments in downtown to the SUNY Polytechnic Institute campus because they want that urban, walkable environment.”More tech people may be moving into the city as companies like  Aeon Nexus expand to downtown Albany. Aeon Nexus provides consulting and IT services for private- and public-sector clients. It invested more than $2 million to renovate an office at 138 State St. It’s part of Columbia Development’s new vision for Wellington Row, a stretch of buildings near the state Capitol building.

“They’ve created a cool, flexible space that tech employees want to be in,” Reginelli said. “The ability to live, work and play all within a short distance. That’s a trend that we see growing nationally and here in Albany.”

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Jun 19, 2015, 6:00am EDT | Chelsea Diana

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