Featured Topics

Newest Neighborhood Gathering Spot, The Boulevard Now Open In Albany

December 17, 2025 – 11:16 am

Long-Time Albany restaurateur Cheri West Brings An American Grill With A Taste of Italy to the former Sam’s Italian American Restaurant Space at 125 Southern Boulevard View Announcement Press Release A new neighborhood gathering spot, The Boulevard, officially celebrated its grand opening on Wednesday with a ribbon cutting ceremony. The newly renovated sports bar and […]

STUDIO23, Hair And Nail Salon In Downtown Albany Opens New Expanded Location

December 9, 2025 – 3:23 pm

Newly Renovated Space at 29 North Pearl Street Expands Services, Supports Stylist Growth, and Strengthens Downtown’s Creative Business Landscape     STUDIO23, the hair and nail aesthetic salon founded by sisters Crystal Mallett-Williams and Christina Mallett, celebrated the grand opening of its expanded location at 29 North Pearl Street in downtown Albany today. Made possible […]

#AlbanyIsAllBiz | Hot Crispy Oil Relocates and Expands in Albany

October 29, 2025 – 4:05 pm

Hot Crispy Oil, the Albany-based specialty condiment company that captured the taste buds of food enthusiasts nationwide, is embarking on a new chapter. The company, founded in 2020 by John Trimble, recently relocated its operations to a larger facility at 24 Thatcher Street in Albany, marking a significant step forward in its plans for growth. […]

Downtown Albany Expands Culinary Landscape With Japanese-Italian Fusion Restaurant, Itameshi Is Now Open

October 7, 2025 – 4:19 pm

  A new restaurant is bringing Japanese-Italian fusion cuisine to downtown Albany. Itameshi is located at 745 Broadway on the ground-floor of Industrie Apartments, which was developed by The Rosenblum Companies. Itameshi officially opened Tuesday.              View this post on Instagram                   […]

Event: Getting Grant Ready

October 2, 2025 – 11:01 am

Join Capitalize Albany staff and representatives from the UpState New York Black Chamber of Commerce, the Downtown Albany Business Improvement District and the Central Avenue Business Improvement District for an in-person technical assistance workshop providing a foundation to grant writing with Q&A opportunities, tips on tools and best practices for preparing successful grant proposals. This […]

Bond Issuance To Support Albany Medical Center Improvements and Expansion of Emergency Department

September 18, 2025 – 4:08 pm

View Announcement Press Release  Capital Resource Corporation Issuance to Support Reinvestment In local Strategic Initiatives Financing made possible with the issuance of up to $425 million in both tax-exempt and taxable bonds will support Albany Medical Center (AMC) — as it advances plans to expand its adult emergency department. The up to $425 million bond […]

$97.3 Million Investment To Reshape South End Neighborhood Developing 166 Multifamily Affordable Housing Units On 64 Vacant Parcels

September 18, 2025 – 3:25 pm

View Announcement Press Release  Project Will Create At Least 100 Construction Jobs, Bring 62 Newly Constructed buildings To Currently Tax-Exempt Properties A $97.3 million investment will bring 64 vacant and underutilized land parcels back on to taxable rolls with the new construction of 62 new buildings containing a total of 166 affordable housing units. Made […]

Albany Heat Pump Supplier Takes Space in Former Freihofer Baking Co. Building Ahead of Statewide Shift to All-Electric Construction

September 16, 2025 – 4:56 pm

View Announcement Press Release  Lucent Building Supply’s new showroom advances the $6.5M transformation of 242 Spruce St. — infusing the Former Freihofer site in the Sheridan Hollow Neighborhood with New commercial energy New investment continues the transformation of the formerly vacant and blighted Freihofer Baking Co. building at 242 Spruce Street in Albany’s Sheridan Hollow […]

New Downtown Location To Support Albany Center Gallery Expansion

August 5, 2025 – 3:24 pm

Albany Center Gallery, a nonprofit art space and gallery showcasing local and regional artists for nearly half a century, announced today a key move from its location in the Arcade Building to a larger downtown Albany building. The new venue will accommodate and enhance ACG’s rapidly growing programs, staff, projects, and initiatives. The new location, […]

With 15 This Latest Round, Small Business Facade Improvement Program Tops 80 Awards, Supporting Local Growth & Reinvestment

July 22, 2025 – 4:07 pm

Program Has Leveraged More than $730,000 In Private Investment As part of the City of Albany’s Small Business Façade Improvement Program’s seventh-round which closed in May, 15 Albany small businesses and nonprofits received matching grant awards totaling more than $108,000 this month. Already, since its inaugural round the program has made more than 80 awards […]