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Meet the Board/Staff

Pursuant to Article 18-a of the General Municipal Law of the State of New York the Members of the Agency Board are appointed by, and serve at the pleasure of the City of Albany Common Council. Each Member must be a resident of the City of Albany. A public officer or employee may be appointed as a Member of the Agency without forfeiture of any other public office or employment. The Agency shall consist of seven (7) Members.

Lee Eck, Vice-Chair

Lee Eck is a Business Representative for the International Union of Painters and Allied Trades, District Council 9, Local 201. Lee began his career with the IUPAT as a painter and drywall finisher. After completing his NYS certified apprenticeship, he began teaching at the Finishing Trades Institute of NY at Albany before accepting a position with the International as a Business Representative. Lee is committed to responsible economic development within the City of Albany and fighting for working class people everywhere. Lee has been active on other boards and committees, including serving as Treasurer of the Albany County Central Federation of Labor, as well as serving as part of Mayor Sheehan’s Transition Team.

Lee lives in the Delaware Avenue neighborhood with his wife and two children - both of whom attend Albany Public Schools. He graduated from Bethlehem High School and attended the University of Evansville. As a music performance major, Lee also had an opportunity to spend a semester abroad at the Harlaxton College located in Grantham, England. Lee was appointed to the board July 10, 2013 and serves at the pleasure of the City of Albany Common Council.

Darius Shahinfar, Treasurer

Darius Shahinfar is the Treasurer and CFO of the City of Albany. He was first elected in 2013, earning the most votes of the City-wide candidates. He has broad experience as an attorney in both the public and private sectors and in all three branches of local, state and federal government. Before being elected, he served as Deputy Albany County Attorney under County Executive Mike Breslin, Regional Representative for then-Congresswoman Kirsten Gillibrand, Appellate Court Attorney under Judge Anthony Cardona, Associate at the Albany firm of Bouck, Holloway, Kiernan & Casey and Senate Fellow on the Local Government Committee.

He earned his Juris Doctor at Albany Law School where he served as Editor-in-Chief of the Law Review and President of the Student Bar, and his Bachelor of Arts in American History at Bates College. Darius has also served, or currently serves, our community on the boards of: Albany Law School, St. Anne Institute, Families Together NYS, Upper Hudson Planned Parenthood, National Little League, and the Business Improvement Districts (BIDs) of Central Ave., Lark St. and Downtown Albany. A 20+ year resident of Albany and nearly lifelong Upstate New Yorker, Darius and his wife, attorney and former Albany County Legislator Noelle Kinsch are the proud parents of 2 New Scotland Ave. Elementary School children. He was appointed December 11, 2013 and serves at the pleasure of the City of Albany Common Council.

Anthony Gaddy, Secretary

As a Co-Founder and President/CEO of the UpState New York Black Chamber of Commerce, Anthony is committed to helping build a stronger overall business community in the Capital Region and Upstate New York. The UpState New York Black Chamber of Commerce is one of more than 145 U.S. Black Chambers in the U.S. and Canada.

Raised in Albany, Anthony is a graduate of The Albany Academies and attended the University of Chicago and the University of Southern California where he majored in Economics. He is active in the community, having served as Vice-President of the Schenectady County Public Libraries, the NAACP and the Empire State Black Arts & Cultural Festival and several other organizations. He currently serves as Vice-President of 4th Family, an Albany-based nonprofit that focuses on teaching STEM through sports. Anthony was appointed to the City of Albany Industrial Development Agency and the City of Albany Capital Resource Corporation in 2020 and serves at the pleasure of the City of Albany Common Council.

Joseph Better

Joseph Better is a Contract Management Specialist employed by the New York State Office of General Services, with over 15 years of experience. He manages a team of Contract Management Specialists that procure and manage various contracts for a variety of building systems, law enforcement products, and other life, health, and safety products and services for use by state agencies, local governments, and other authorized users. A resident of downtown Albany for almost 10 years.

Joe attended La Salle Institute for high school and Hobart College as an undergraduate, where he received a Bachelor's Degree in Political Science. He was appointed to the City of Albany Industrial Development Agency and the City of Albany Capital Resource Corporation in 2021 and serves at the pleasure of the City of Albany Common Council.

Elizabeth Staubach

Liz Staubach is a Project Manager working on the advancement of more efficient energy codes in New York State. She has worked at all levels of state and municipal government in the areas of Economic Development, Planning, and Environmental and Infrastructure Policy.

Liz received a masters degree in Urban and Regional Planning, and a bachelors of arts in Political Science from the University at Albany. She lives in Albany with her husband and four children. She was appointed to the City of Albany Industrial Development Agency and the City of Albany Capital Resource Corporation in 2021 and serves at the pleasure of the City of Albany Common Council.

Sarah Reginelli, Chief Executive Officer

As President of Capitalize Albany Corporation and CEO of the City of Albany Industrial Development Agency and Capital Resource Corporation, Sarah leads the City of Albany’s economic development efforts through transformational real estate development, targeted business and project assistance, and strategic planning. Prior to joining Capitalize Albany, Sarah specialized in neighborhood revitalization, plan implementation and community engagement as Principal Planner for the City of Albany.

She holds a master’s degree in urban geography from the University of Miami and bachelor’s degrees in both public relations and urban geography from Syracuse University. She lives in Albany with her husband and two children. Sarah serves at the pleasure of the City of Albany IDA and CRC Board of Directors. This position is appointed annually.

Thomas Conoscenti, Chief Operating Officer and interim Chief Financial Officer

Tom serves as Chief Operating Officer and interim Chief Financial Officer of the City of Albany Industrial Development Agency and Capital Resource Corporation. He also serves as the Senior Vice President of Capitalize Albany. Tom supports the City of Albany’s strategic economic development initiatives working with local, regional and State agencies, organizations and institutional partners while leading the economic development staff at Capitalize Albany to catalyze transformative real estate development in the City of Albany. He holds a master’s in City and Regional Planning from the University of California, Berkeley and holds an undergraduate degree from Vassar College. Tom serves at the pleasure of the City of Albany IDA and CRC Board of Directors. This position is appointed annually.

Andrew Corcione, Project Services Director

Andy severs as Project Services Director of the City of Albany Industrial Development Agency and Capital Resource Corporation. He also serves as a Senior Economic Developer of Capitalize Albany. His practice area focuses on supporting citywide commercial real estate development, working with City of Albany Industrial Development Agency applicants, and working to assist businesses investing in Albany’s target growth sectors. Prior to this role, Andy managed the Corporation’s three in-house grant programs that focus on financing development in the City’s downtown and neighborhood commercial corridors and supporting small business growth. Andy serves at the pleasure of the City of Albany IDA and CRC Board of Directors. This position is appointed annually.

City of Albany Office of Corporation Counsel - Marisa Franchini

Hodgson Russ LLP, Special Counsel and Bond Counsel

Finance Committee

Darius Shahinfar - Chair
Lee Eck
Anthony Gaddy
Susan Pedo

Audit Committee

Vacant - Chair
Susan Pedo
Darius Shahinfar

Governance Committee

Susan Pedo - Chair

Darius Shahinfar

Sarah Reginelli – Assistant Secretary