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GRANT PROGRAMS & BUSINESS RESOURCES

The City of Albany’s economic development organization Capitalize Albany Corporation has launched its grant programs available for 2022 including a new program aimed at attracting new retail, and supporting existing businesses located in strategically identified neighborhood commercial corridors.

Made possible with support from the City of Albany Capital Resource Corporation and the Albany Community Development Agency, programming in 2022 is poised to boost the City of Albany’s commercial districts and commercial corridors throughout its neighborhoods. Please explore the available programs below.


Contact Our Programming Staff To Apply Or Learn More

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

FAQs & Support

 

If you’re interested in applying or would like to learn more an informational webinar was held on February 10th, a recording is available here to assist applicants.

Applicable to each of the programs below, responses to Frequently Asked Questions are available here

Albany 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

Frequently Asked Questions, click here:

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.

 

City Of Albany Small Business Facade Improvement Program 

Program guidelines are available below. The most recent spring application funding window will open February 11th, 2022 as part of the fifth-round Program. 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.

The program can provide matching grants to small businesses for exterior renovations. Click on the program guidelines below for more information. 

Applications And Supplemental Documents

Small Business Facade Improvement Program Application | Submit Online

Small Business Facade Improvement 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]  Applications for this program must be submitted by March 18 at 4 p.m. 

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 supplemental PDF documents instead of making notes or preparing information in your web browser.

Program Guidelines

Program Guidelines | Download & Print

Frequently Asked Questions, click here:

How Much Funding Can Match My Investment?

A matching grant program, the program will provide up to $10,000 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

The Impact Downtown Albany strategic plan 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. The program 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.

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

Applications And Supplemental Documents

Downtown Albany Retail Grant Program Application | Submit Online

Downtown Albany 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 supplemental PDF documents instead of making notes or preparing information in your web browser.

Program Guidelines

Program Guidelines | Download & Print

Frequently Asked Questions, click here:

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 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.

Program guidelines are available below with additional details.

Applications And Supplemental Documents

Amplify Albany Grant Program Application | Submit Online

Amplify Albany 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

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 supplemental PDF documents instead of making notes or preparing information in your web browser.

Program Guidelines

Program Guidelines | Download & Print

Frequently Asked Questions, click here:

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