Business Development

Fifth Tier Baking Studio Joins Downtown Retailers

February 15, 2017 – 5:42 pm

Fifth Tier Baking Studio welcomed to #downtownAlbany joining Columbia St. retailers @EnchntdFlrst… https://t.co/RVQG2iw46N #Impactdowntown pic.twitter.com/n6KwRG7O8E — Capitalize Albany (@CapAlbanyCorp) February 14, 2017  Business owner Lyle Houston was officially welcomed to downtown on February 14 with a ribbon cutting ceremony held celebrating the opening of The Fifth Tier Baking Studio at 54 Columbia Street. Houston is […]

Wellington Row Full-Service Salon and Spa Opens Enhancing Downtown Experience

February 7, 2017 – 9:02 pm

  Enhancing the downtown Albany experience, Spa Wellington celebrated its grand opening—now less than a month out from the opening of the adjacent Albany Capital Center. Located at 140 State Street and supported by Impact Downtown Albany implementation, Spa Wellington complements historic Wellington Row’s hospitality, retail, and dining options which have developed in recent years. The spa and its […]

Amplify Albany Supported Dance Music Concert Series’ 2nd Installment: eba Theater Presents Sun Natives & Kimono Dragons

February 6, 2017 – 5:16 pm

During Albany’s “1st Friday” evening on February 3, the eba Theater held its Sock Hop series’ second installment. The Amplify Albany grant program supported event brings an all ages dance music concert series in an effort to attract new crowds and interest to the Lark Street business district.  Kicking off in November last year, the […]

Community Loan Fund Secures $3.5 million in New Funds for Economic Development in the Capital Region

February 3, 2017 – 8:02 pm

Community Loan Fund Secures $3.5 million in New Funds for Economic Development in the Capital Region. https://t.co/MiFSlDYOWI pic.twitter.com/VQ2VlYBXqk — Community Loan Fund (@CommunityLoans) February 3, 2017 COMMUNITY LOAN FUND’S ANNOUNCEMENT PRESS RELEASE               In October of 2016, the Community Loan Fund of the Capital Region (CLFCR) was notified that […]

Next Window Lights Up in Albany Arcade Building

January 30, 2017 – 2:57 pm

Opening its second Albany location in the fall of 2016, Stacks Espresso Bar was the first retailer to take space at the downtown Arcade Building (488 Broadway). A few weeks into 2017, a ribbon cutting ceremony took place on Jan. 18 for Albany Center Gallery’s new location, neighboring Stacks and occupying approximately 2,050 sq. ft. of space.  Implementation of the […]

Click Here For Information On Our Grant Programs

January 27, 2017 – 12:00 am

Capitalize Albany is now accepting applications for its Downtown Albany Retail Grant Program and Amplify Albany Grant Program. The Downtown Albany Retail Grant Program can assist businesses interested in establishing a new downtown Albany storefront location and can assist those already existing in core downtown areas with exterior improvements. The Amplify Albany Albany Grant Program aims to attract more […]

Fashion Designer Newest Retailer In Downtown

January 6, 2017 – 9:39 pm

Daniel Mozzes Design, located at 61 N Pearl Street – Steuben Walk #1, was welcomed to downtown Albany on January 6. One of downtown’s newest retailers, the business is the first to open in one of the Pearl Street Pub building’s (formerly the Jillian’s building) newly renovated spaces. Implementation of the Impact Downtown Albany strategic plan is continuing […]

New Neighborhood Amenity | Save-A-Lot Grocery Opens at 612 Central Avenue

December 16, 2016 – 10:24 pm

The new Save-A-Lot grocery store at 612 Central Avenue will support approximately 30 new positions, a previously tax exempt property is again generating tax revenue—and residents of surrounding Albany neighborhoods such as the West Hill neighborhood now have walkable access to fresh produce. Capitalize Albany Corporation joined public, community and business leaders including Albany Mayor […]

Capital Resource Corporation Partners with Community Loan Fund on Small Business Assistance | Corporation Grant to Leverage $750,000 for City of Albany Ventures

December 15, 2016 – 9:59 pm

The City of Albany Capital Resource Corporation (CRC) approved new small business programming in partnership with the Community Loan Fund of the Capital Region at its Thursday board meeting. The City of Albany CRC granted the Community Loan Fund $250,000 for its revolving loan fund under an agreement that dedicates leveraged funds 2 to 1 […]

Nipper to Soon Have Neighbors as Redevelopment of 991 Broadway Converts Space to 75 Residential Units

December 15, 2016 – 7:41 pm

Click Here to Read More In The Announcement Press Release The mixed-use conversion of the Nipper building (991 Broadway) in Albany’s warehouse district to 75 apartments and 7,750 sq. ft. of ground-floor commercial space is phase one of a planned four-phase, $70 million development project. On Thursday, the City of Albany Industrial Development Agency Board approved an application to […]