Announcing Two New Capitalize Albany Grant Programs Backed By City Capital Resource Corporation Designed to Support Albany Business Growth

March 21, 2016

UPDATED POST: Click Here For Full Details On Our Grant Programs


Capitalize Albany Corporation will be hosting an informational event, 11 a.m. on Wednesday at 59 North Pearl Street about the launch of two groundbreaking grant programs. Citywide business owners, other City stakeholders and those interested in doing business in downtown Albany are encouraged to attend. The programs will benefit the City’s various commercial districts and its downtown’s retail market.

Details about the programs will be announced Wednesday at the 11 a.m. event. To support the programs, $400,000 in funding was made available by the City of Albany’s Capital Resource Corporation.

Those in the business community interested in attending may RSVP at

Detailed information and applications will be made available online Wednesday afternoon at

To kick off the launch of these two grant programs, at 59 N. Pearl, Caroline Corrigan and Adelia Sugarman, organizers of the Half Moon Market held in Washington Park will feature the Half Moon Market Preview, a pop-up mini market on-site open to the public throughout the afternoon. Complementing both grant program initiatives, the mini-market highlights a buzz-worthy and downtown retail related event.

The Amplify Albany Grant Program will support the City of Albany’s various commercial districts. Funding will be awarded to non-profits, businesses and other organizations that will create and execute short and medium term innovative, unique and buzz-worthy promotional projects, events and programming. These events and other initiatives will draw out surrounding neighborhoods, engage residents, and attract additional visitors to the City of Albany’s various business districts.

The Downtown Albany Retail Grant Program is designed to incentivize businesses interested in establishing a new downtown Albany storefront, to support Albany businesses and those already existing in core downtown areas. Grant funding may assist with new location renovation and fit-up costs or with exterior improvements to properties.

In an effort to increase employment opportunities for local residents, Capitalize Albany Corporation has partnered with the City of Albany’s department of Youth & Workforce Services. Awarded Downtown Retail Grant Program applicants will have the opportunity to work with the Workforce Services Office on identifying local talent for their businesses.