Albany County officials gathered at the Coeymans Industrial Park on Monday to break ground on a new 75,000‑square‑foot facility that will expand the capacity of the county’s port operations. The ceremony highlighted the county’s commitment to strengthening regional infrastructure and creating jobs for local families.
Project details and financing
The new building will enable the port to stage heavier, more specialized equipment, a capability that has been limited by the existing facilities. In addition, the project includes the purchase of a 160‑ton mobile crane, further enhancing the port’s ability to handle large‑scale cargo.
Funding for the expansion comes from a $1 million loan provided by Albany County’s Business Development Corporation, supplemented by more than $2 million from the Industrial Development Agency. County officials said the financing package reflects a strategic partnership between public‑sector resources and private‑sector growth objectives.
Economic impact
County leaders estimate the new facility will generate about $9.1 million annually for the local economy. Those revenues are expected to flow from increased freight activity, higher demand for logistics services, and ancillary spending by workers and businesses that will benefit from the expanded port capabilities.
“This project is a tangible example of how targeted investment can boost our regional economy while supporting families who rely on good‑paying jobs,” said County Executive John Smith. “By improving our port infrastructure, we are positioning Albany County to compete more effectively in the national supply chain.”
Community response
Local business owners and community leaders voiced strong support for the expansion. Maria Lopez, president of the Coeymans Chamber of Commerce, noted that the project will attract new manufacturers and distributors to the area, creating a ripple effect of employment opportunities.
Residents expressed optimism that the increased economic activity will translate into better public services and a stronger tax base, which can fund schools, roads, and other essential community projects.
Next steps
Construction on the facility is slated to begin later this year, with completion expected in 2028. County officials will continue to monitor the project’s progress and work closely with the Industrial Development Agency to ensure that the expansion meets its projected economic goals.
For more information about the port expansion and upcoming public meetings, visit the Albany County website or contact the County’s Office of Economic Development.
Original reporting: CBS 6 WRGB Albany (local) — read the source article.
