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GRANT PROGRAMS & BUSINESS RESOURCES

The Corporation is providing resources to strengthen Albany’s commercial districts. Please explore the available programs below.

Contact Our Programming Director To Apply Or Learn More

E: Development@CapitalizeAlbany.com | P: (518) 434-2532

City Of Albany Small Business Facade Improvement Program

The City’s Small Business Facade Improvement Program was first launched in 2016 and renewed for a second round in 2017. The program is a matching grant program designed to assist small businesses throughout the City, providing business owners the opportunity to reinvest in their properties.

Administered by Capitalize Albany Corporation, the program is made possible by the Albany Community Development Agency’s neighborhood revitalization funding. The program can provide matching grants to small businesses for exterior renovations. Click on the PDF flyer and program guidelines below for more information. 

Please be sure to download and save the PDF application before working on the document.

City Of Albany Small Business Facade Improvement Program Guidelines

Facade Design Principles

Application

The Fall 2017 funding window will be open as of October 19, 2017 and will close on November 30, 2017. The Winter 2018 funding window will open on February 5, 2018 and will close on March 31, 2018. Applications for each funding window will be accepted on a rolling basis until each window closes or until available funding is exhausted, whichever comes first. The number and value of grants awarded during the Fall 2017 funding window will impact the number and value of grants able to be awarded during the Winter 2018 funding window.

Frequently Asked Questions:

How Much Funding Can Match My Investment?

The program will provide up to $10,000 or $15,000 for a corner property, in matching grants to small businesses for exterior renovations. 

Where Does My Business Need To Be Located?

This is a citywide program for small businesses located in the City of Albany.

What Types Of Improvements Are Eligible?

Decorative or functional improvements such as storefronts and entrances, exterior signs, lighting, windows, awnings, exterior painting, brickwork and more.

 

The Downtown Albany Retail Grant Program

Albany Retail Pitch Piece 2016.2.8_Page_01Impact Downtown Albany shows that not only is there a significant demand for retail Downtown, but that Downtown will thrive when the retail mix fully represents Albany’s unique local character. In today’s business climate when starting a new endeavor, private investment often cannot bear the burden alone. In response, Capitalize Albany designed its new Downtown Albany Retail Grant Program. The program, made possible with funding from the City of Albany Capital Resource Corporation, assists businesses new to Albany to establish a downtown retail location as well as existing City businesses that want to expand by adding a downtown location. Existing retail locations in core areas of downtown Albany may also be enhanced under this program. Grant funding can assist with new location renovation and fit-up costs or with exterior improvements to properties.

Downtown Retail Grant Program Guidelines & Application

We are now accepting applications. Now is the time to bring your business to downtown Albany. To learn why, you can also read this information packet here.

Frequently Asked Questions:

Is My Business Eligible?

To be eligible for this program, your application must be on behalf of a retail business, which is defined as a commercial enterprise that offers merchandise, food, or provides services to the public, the sale of which is subject to sales tax, and from which the revenue derived constitutes the majority of revenue for the business. Businesses that would be new to Albany are eligible & those located in the City of Albany that could successfully expand into a new downtown Albany location are eligible. Existing downtown retail locations are eligible for assistance with exterior improvements. Please reference the program guidelines or contact us for further eligibility questions.

 

Where Do I Need To Be Located?

Eligible projects must be located in downtown within the State Street and Pearl, and Broadway districts identified in the Impact Downtown strategy. Please see the program guidelines for a map of program boundaries.

 

AMPLIFY ALBANY GRANT PROGRAM

Amplify Logo 1Capitalize Albany designed the Amplify Albany Grant Program to provide resources for the implementation of exciting activities and events that leverage the City of Albany’s most unique and strongest assets. The program, made possible with funding from the City of Albany Capital Resource Corporation, is enhancing the City of Albany’s commercial districts and businesses by providing grant funding to non-profits, businesses and other organizations that will create and execute short and medium term authentic, unique and buzz-worthy promotional projects, events and programming. The types of eligible projects are outlined in the program guidelines below.

These events and other initiatives will engage residents and attract additional visitors to the City of Albany’s various business districts. We are now accepting applications.

Program Guidelines & Application | Download & Print

Frequently Asked Questions:

Who is eligible?

Non-profits, existing businesses and other groups such as business improvement districts and neighborhood associations are eligible. Please reference the program guidelines or contact us for further eligibility questions.

What types of activities are eligible?

Short and medium term projects, events and activities that promote or generate media attention for a commercial district in Albany. Examples include:

  • Outdoor markets
  • Pop-up shops & creative unified storefronts
  • Shopper’s reward programs
  • Food competitions with commercial district restaurants
  • Create a wireless network free to all those located in and visiting your commercial district
  • Other events/festivals or projects which promotes a commercial district located in the City