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Neighborhood Retail Grant Program

In today’s business climate when starting a new endeavor, private investment often cannot bear the burden alone. The Corporation’s latest program established in 2022 will attract businesses interested in establishing a new Albany storefront location, and enhance existing retail businesses in strategically identified neighborhood commercial corridors located throughout the City of Albany. Grant funding can assist with new location renovation and fit-up costs or with exterior improvements to properties. Eligible projects must be in one of the identified commercial corridors within the West Hill, Arbor Hill, North Albany, and South End neighborhoods, four of the Albany Community Development Agency’s Neighborhood Strategy Areas.

The Program’s guidelines are available below with additional details.

Applications And Supplemental Documents

Neighborhood Retail Grant Program Application | Submit Online

Neighborhood Retail Grant Program Application | Fillable PDF Version

As of  February 11, 2022 applications are being accepted for this program. You may use either version of the application above, you may submit through the online form, or download the fillable PDF version and email your completed application to [email protected] 

Application Checklist

Budget Worksheet

Property Owner Declaration and Consent Form

Question Reference Document

Paper copies will be made available upon request. The Question Reference Document is not an application form, but can be used to assist with preparing your application. Be sure to save the PDF documents instead of making notes or preparing information in your web browser.

Program Guidelines

Program Guidelines | Download & Print

FAQs

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 and those located in the City of Albany that could successfully expand into a new location that meets requirements of the program guidelines are eligible. Existing neighborhood 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 in one of the identified commercial corridors within the West Hill, Arbor Hill, North Albany, and South End neighborhoods, four of the City’s ACDA Neighborhood Strategy Areas. The boundaries are defined as follows: Lexington Avenue between Washington Avenue and Clinton Avenue in West Hill; North Swan Street between Clinton Avenue and Livingston Avenue in Arbor Hill; Broadway between Tivoli Street North to the city line in North Albany; South Pearl Street between Second Avenue and Madison Avenue in the South End neighborhood. Detailed maps are available in the program’s guidelines and application.

Additional FAQs

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