Economic

An economic impact study of the Port of Albany measured the Port’s overall economic impact on New York State at more than $813 million. The measure of the Port’s significance to the Regional economy in terms of output was more than $428 million. Tenants of the Port paid over $80 million in wages and benefits for approximately 1,400 local jobs and 4,500 jobs throughout New York State.

“I said, we will be the future of clean energy. Well, ladies and gentlemen, welcome to the future.  

…And the offshore wind projects that are going to be off of the coast of Long Island. And we’re going to be able to power millions of homes, create 5,200 jobs, have the whole ecosystem, the supply chain, that has been missing before and it’s happening here….

That’s how we keep investing, not just in our economy, but in people, people will do those jobs. We also have to give the people the skills they need to manufacture. You don’t wake up one day and know how to build one of these. You need training. So we’re investing $20 million right here in Hudson Valley Community College to train the people in the skill so they can take these jobs.

So, that’s how it all comes together. And I was proud to announce a $500 million investment in this infrastructure, in offshore wind, and clean energy to make sure we never say we didn’t have the resources to do what was right. I will make sure of that. I’m putting together my budget as we speak, this is a statement of our commitments here in the state of New York.

 

– Governor Kathy Hochul,

from the 2022 Dept. of Energy visit & announcement

“The Port of Albany is a critical economic driver in the City of Albany and the Capital Region. With a combined local and statewide employment impact of close to 6,000 people, the Port is a major employment center that is key for our community job seekers. The Port is also exciting because it is our local connection to the world and enables our regional businesses to have export opportunities throughout the globe.”

 

– Kathy M. Sheehan,

Mayor, City of Albany