diff --git a/.changes/8f37dc92-0373-48a3-8b3a-b5ca575fce6c.json b/.changes/8f37dc92-0373-48a3-8b3a-b5ca575fce6c.json
new file mode 100644
index 00000000..76c1917e
--- /dev/null
+++ b/.changes/8f37dc92-0373-48a3-8b3a-b5ca575fce6c.json
@@ -0,0 +1,5 @@
+{
+    "id": "8f37dc92-0373-48a3-8b3a-b5ca575fce6c",
+    "type": "misc",
+    "description": "Bump minor version for internal versioning compatibility"
+}
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5cc9b33f..f594460d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## [0.7.4] - 10/23/2023
+### Miscellaneous
+* Upgrade Gradle's heap and metaspace memory allocations   
+
 ## [0.7.3] - 10/19/2023
 
 ### Miscellaneous
diff --git a/gradle.properties b/gradle.properties
index ded8dbae..1dd8b654 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -2,7 +2,7 @@ kotlin.code.style=official
 kotlin.mpp.stability.nowarn=true
 
 # aws-crt-kotlin
-sdkVersion=0.7.5-SNAPSHOT
+sdkVersion=0.8.0-SNAPSHOT
 
 # kotlin
 kotlinVersion=1.9.10
@@ -24,4 +24,4 @@ crtJavaVersion=0.27.4
 publishGroupName=aws.sdk.kotlin.crt
 
 # gradle
-org.gradle.jvmargs=-Xmx2G -XX:MaxMetaspaceSize=1G
\ No newline at end of file
+org.gradle.jvmargs=-Xmx2G -XX:MaxMetaspaceSize=1G