In April Governor Cuomo announced $27 million in funding to support transportation enhancements in the Capital Region as part of a $144.6 million statewide investment to enhance access for bicyclists and pedestrians. The Skyway was awarded $5 million. Governor Cuomo’s previous announcement of $3.1 million of DOT-funding supports decommissioning the ramp and all of […]
Author Archives: Mike
2019 CFA Process & Local Support
May 3, 2019 – 3:39 pm
Governor Cuomo’s transformative Regional Economic Development Councils Round IX consolidated funding application (CFA) process opened May 1 and Capitalize Albany staff is available to assist applicants. More than $750 million in state economic development resources will be made available. Capitalize Albany Corporation is available to coordinate letters of support from the Mayor and resolutions from the City of Albany Common Council. […]
More City of Albany Small Business Facade Improvement Program Applications To Be Accepted In May
April 25, 2019 – 1:56 pm
Additional City of Albany Small Business Facade Improvement Program applications will be accepted beginning May 7 as part of the program’s 2019 spring funding window. The program can provide matching grants up to $10,000 to small businesses and/or commercial property owners for exterior renovations. The program’s updated application and guidelines will be made available and accepted starting May 7 at www.CapitalizeAlbany.com/grants. The application […]
Second Phase Of Transformative $78 Million Downtown Albany Project Under Way
April 23, 2019 – 7:05 pm
Project Update, May 16: View Press Release The second $34.5 million phase of a transformative $78 million investment in downtown Albany is under way with the mixed-use renovation of the historic Kenmore Hotel building at 76 North Pearl Street. Announced by Governor Cuomo in December — Redburn Development Partners will invest $78 million to renovate […]
Issuance Of Tax-Exempt Bonds Supports Retention Of More Than 60 Jobs
April 19, 2019 – 6:49 pm
Press Release Available Here The Albany Leadership Charter High School for Girls currently leases the property at 19 Hackett Boulevard for use as a charter school and has entered into a real property purchase and sale agreement for acquisition of the property. With its financing in place to support the institution’s property acquisition, the Albany […]
$13 Million Investment Strengthens Hudson/Park Neighborhood Through Reuse Of Industrial Site
April 10, 2019 – 8:43 pm
Located between Albany’s Washington Park, Lincoln Park and downtown Albany, the Hudson/Park Neighborhood is known for its location convenience, nearby parks and cultural diversity. With the completion of an adaptive reuse plan to transform the Long Energy site properties and warehouse building at 160 Myrtle Ave, originally Hinckel and Dobler breweries — a new […]
Downtown Earns A High Score At The End Of March With Support Of The Capital Complex
April 8, 2019 – 7:16 pm
The final weekend in March attracted more than 20,000 people downtown for the lineup of events taking place. Esport teams from 18 colleges headed to the Albany Capital Center for HV Gamer Con on March 30-31, gaming on popular titles and competing for college scholarships. More than 2,500 competitors and Con attendees enjoyed downtown and […]
Small Business Facade Improvement Program To Accept More Applications This Spring
April 1, 2019 – 9:01 pm
Additional City of Albany Small Business Facade Improvement Program applications will be accepted as part of a spring 2019 funding window concluding the program’s third round. More details about the application process and deadlines will be announced within the next several weeks. The fall 2018 funding window opened on Sept. 4 and closed on Oct. 19, […]
Four Points By Sheraton Hotel Adds To New Development, Streetscape Improvements at 351 Southern Boulevard
March 22, 2019 – 1:12 pm
A new $13.3 million hotel will be constructed at 351 Southern Boulevard, complementing 351 Diamond Development, LLC’s $10 million Mt. Hope Commons development currently under way at the 9W site. Made possible with support from the City of Albany Industrial Development Agency, Mukura Inc. plans to begin constructing a 60,000 sq. ft., four story Four […]
Registration Open For Irish Sweat-er 5K and Family Cultural Festival In Downtown
March 12, 2019 – 5:05 pm
The Irish American Heritage Museum, in partnership with the Downtown Albany Business Improvement District and ARE Event Productions, will host the second annual Irish Sweat-er 5K in Albany. Supported in part by the Amplify Albany Grant Program, the IAHM will offer an expanded slate of events for the second annual initiative. The events’ programming — including lectures, […]
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