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GRANT PROGRAMS & BUSINESS RESOURCES

Contact Our Programming Staff To Apply Or Learn More

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

COVID-19 Small Business Adaptation Program

Please note as of 4 p.m. on September 18, applications for the Small Business Adaptation Program are no longer being accepted.

The application process opened to applicants on Aug. 10, pre-application questionnaires were due Aug. 28, full applications with required supplemental materials were due on Sept. 18 at 4 p.m. 

If you were awarded an SBAP grant and have questions – please contact Capitalize Albany staff at [email protected]

VIDEO ON DEMAND: Small Business Adaptation Program Awardee Webinar

This webinar was held on November 19 at 3PM. The recording can be viewed in two parts, click here or below to watch Part 1.

Please click here or below to watch Part 2 of the webinar.

About The Small Business Adaptation Program

City of Albany small businesses impacted by the ongoing pandemic in need of assistance in covering costs related to operating in accordance with health and safety requirements can were eligible for a COVID-19 Small Business Adaptation Program (SBAP) grant. 

Eligible applicants applied for up to $10,000 and eligible disadvantaged business enterprises (woman, minority and veteran-owned businesses) could apply for up to $20,000 in direct-reimbursement grants. Up to $500,000 in grant resources will be made available.

APPLICATION PROCESS AND MATERIALS

Due to the overwhelming interest in the program that surpassed the resources available, the pre-application process was closed to new applicants on Aug. 28 at 4 p.m. and grant applications are not currently being accepted without the submission of the pre-application.

If you submitted a pre-application before the Aug. 28 deadline, please find the application, links to required forms and application resources below. Applicants must submit completed full applications and all required documents by 4 p.m. on September 18.

     

            

 

Revised as of 9/08/20: Frequently Asked Questions

Small Business Adaptation Program Webinar: Click Below Or Here To View On YouTube. 

A PDF of the presentation’s slides is available here.

REQUIRED FORMS & APPLICATION RESOURCES

A printable PDF version of the full-application is available here for your reference.

Additional Support: The New York State Small Business Development Center at UAlbany and the Community Loan Fund of the Capital Region have offered to provide counseling and assist program applicants. They offer personal financial/business counseling, online workshops, and guidance on additional resources. Best of all, most of the services they provide are free.

NY Small Business Development Center (SBDC)

SBDC advisors are available to help small business owners review and answer questions on loan and grant applications, developing business continuity plans, and many other business related challenges.

Community Loan Fund of the Capital Region

The Community Loan Fund provides trainings and free workshops designed to help business owners and non- profit leaders grow. These Community Loan Fund trainings tackle important issues like financial planning, sales, marketing, and human resources. The Community Loan Fund also provides one-on-one mentoring.

About The Small Business Adaptation Program

SBAP is made possible with support from the Albany Community Development Agency (ACDA), and City of Albany Industrial Development Agency. The program will be administered by Capitalize Albany Corporation and will prioritize minority and women-owned businesses and those that serve low-to-moderate-income areas. 

QUALIFYING EXPENDITURES SUPPORTED BY THIS GRANT PROGRAM

  • Reopening: The purchase of personal protective equipment (PPE) such as face coverings, disposable gloves and protective gowns necessary to minimize the spread of COVID-19.
  • Retraining: The development and implementation of programs to train new employees, or re-train existing workforce on new business practices.
  • Restocking: The purchase of perishable goods to replace those that were lost due to COVID-19 and those that were used to supply recovery efforts.
  • Reorganizing: The purchase of furniture, fixtures, and equipment (FFE) such as physical barriers between workstations, employees and customers; hand sanitizer stations, or café tables and chairs necessary to adapt a business’ space to minimize the spread of COVID -19.
  • Reimagining: The development and implementation of new programs or product lines to expand/adapt operations to meet new market demands. 

A Small Business Adaptation Program PDF flier is available here. Please click below for translated PDF versions:

ArabicKaren, Pashto, Simplified ChineseSpanish, Traditional Chinese

CONTACT OUR TEAM

If you have any trouble with obtaining an application, want to learn more about the program’s guidelines or need answers to general questions, business owners can contact the City’s economic development organization, Capitalize Albany Corporation at [email protected], through Virginia Rawlins at 518-434-2532 x 25.

 

Emergency Round of Facade Grants To Support City Of Albany Small Business Owners

Emergency Funding Round Now Closed

The application process for an emergency round of funding closed to new applicants on Tuesday, June 30 at 5 p.m. This does not impact any applications already received, those will continue to be processed by staff beyond June 30. 

Announced June 1, in response to damage done to numerous City businesses, applications were made available as part of an emergency response using the City of Albany Small Business Façade Improvement, and Retail Grant programs administered by Capitalize Albany Corporation. Application fees and investment match requirements were waived to ensure there are no impediments to local businesses most at risk — minority or women-owned businesses and those that were directly impacted by recent vandalism and looting.

Capitalize Albany was able to respond to local needs and make this funding available quickly by adapting existing capital improvement programs administered by Capitalize Albany and made possible with support from the City of Albany Capital Resource Corporation and the Albany Community Development Agency that had been put on hold as a result of the COVID-19 pandemic.

Capitalize Albany Corporation – Small Business Façade Improvement Emergency Round Grant Agreement and Exhibit Overview

Reach out if you have any questions

If you have an application being processed and have any trouble finalizing your application or grant agreement documents and need answers to general questions, business owners can contact our Corporation programming staff at [email protected], through Virginia Rawlins at 518-434-2532 x 25.