NYS Convention Center/Albany Listed as a Transformational Project by CREDC
FOR IMMEDIATE RELEASE
November 15, 2011
EconomicDevelopment Council Identifies
NYS Convention Center/Albany as a Transformational Project
ALBANY, NY – The Albany County Convention & Visitors Bureau (ACCVB) is very pleased that the NewYork State Convention Center/Albany has been identified as a Capital RegionEconomic Development Council (CREDC) Transformational Project.
This designation clearly prioritizesthe Center as a project that will build the economic vitality of the region.The project will employ 300 high-paying construction workers for two years, andonce complete will result in 180 hospitality industry jobs while impactingnearly 1,000 long-term jobs.
“For far too long the Capital of NewYork has been unable to fulfill the needs of organizations and businesses whowant to meet here,” states Michele Vennard, President/ CEO of the ACCVB. “Weare hopeful this designation will launch the project on a fast track towardsconstruction and completion.”
Currently, the Capital Region islosing an estimated $20 million in potential business each year. The New YorkState Convention Center/Albany project will generate an estimated $60 millionin visitor spending each year and $3.7 million on additional tax revenue. Formore information on the project, view "The Time is Now" presentation.
About the ACCVB:
The Albany County Convention & Visitors Bureau, Inc. was established in1976 to promote the civic and commercial progress of the community through increased development of conventions and tourism. ACCVB currently representsmore than 300 member businesses and assists each year in hundreds of regionalmeetings. ACCVB also operates the Albany Heritage Area Visitors Center, HenryHudson Planetarium, and the Albany International Airport Information Center.For more information, call 518-434-1217 or 800-258-3582 or visit www.albany.org.