KeyBank Market President Named Co-chair of Regional Economic Development Group
Ruth Mahoney, market president of KeyBank based in Albany, New York, has been named co-chair of the Capital Region Economic Development Council.
Mahoney is replacing James Barba, president and CEO of Albany Medical Center, who was co-chair since October 2012. Barba will stay on the council as a member. Havidán Rodríguez, president of University at Albany, is Mahoney's co-chair.
The Capital Region Economic Development Council is responsible for organizing the region's pitch for economic development money in Gov. Andrew Cuomo's annual state money competition. The region is made up of Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren and Washington counties.
Through seven rounds of the Regional Economic Development Council, the Capital Region has won $521.9 million in state funding to support more than 700 projects. In all, more than $5.4 billion has been awarded to the state's 10 regional councils for more than 6,300 projects.
Mahoney was raised in Ireland, where she grew up playing golf and basketball. Mahoney graduated from Marist College, and in 1991, Mahoney came to Albany as a member of Key's Management Associate Program, which trains college graduates in the banking industry. From there, she spent time as market manager for Key Private Bank and city executive for Bank of America Private Bank in Albany and Hudson Valley.
Today, she is market president and regional retail leader of KeyBank in the Capital Region.
Mahoney is a member of the Albany Business Review's 40 Under 40 Class of 2003.