About Capitalize Albany Corporation
A catalyst for economic growth, Capitalize Albany Corporation facilitates transformational development projects, serving as the City of Albany’s economic development arm. A registered 501(c) (3) not-for-profit organization implementing programs and resources to create, retain, and attract business in the City of Albany.
Powered by investors composed of Albany’s community and business leaders, Capitalize Albany manages and coordinates all local economic development functions. The Corporation works alongside the City of Albany’s Industrial Development Agency (IDA) and Capital Resource Corporation (CRC) under a professional services agreement allowing Capitalize Albany to match transformational projects with the right tools and resources.
Two important resources for developers, the IDA and CRC assist in local development by acquiring, constructing, improving, maintaining or equipping eligible projects. Any project undertaken by either entity must advance job opportunities, health, general prosperity and the economic welfare of the people of the City of Albany. The assistance offered may include conduit bond financing, tax exemptions and abatements. To obtain assistance, applicants must satisfy eligibility requirements and demonstrate a need for assistance.