Author Archives: Mike

RFP: Banking/Investment Services

Capitalize Albany Corporation is requesting proposals from qualified financial institutions to provide banking/investment services for a portion of its current unrestrictive fund balance. The objective is to identify the financial institution that can offer their services at the most competitive rates net of fees. Click Here To View And Download The Request For Proposals Respondent […]

Reinvestment In Strategic Programming Is Strengthening Neighborhoods Throughout The City of Albany

Read more in the announcement’s press release here At its Thursday board meeting, the City of Albany Capital Resource Corporation (CRC) approved $25,000 more to support the Amplify Albany Grant Program. Administered by Capitalize Albany Corporation, the program is designed to create and expand programming that is driving foot-traffic throughout City neighborhoods and commercial districts. […]

Morris Street Apartment Building Poised to Further Park South Revitalization

Read more in the announcement’s press release here  An important element in Park South Urban Renewal Plan implementation, this $5.3 million investment will remove neighborhood blight through construction of a new five story building with 28 market-rate apartment units. Creating two permanent and 40 construction jobs — during construction the project is estimated to generate […]

Mixed-Use Development to Bring Affordable Housing and New Amenities to Central Avenue Business District

Click here to read the announcement’s press release A new $25.1 million investment will bring 74 affordable housing units, a primary care center and accessible services to 526 Central Avenue through partnership with Whitney Young Health and Equinox. The newly constructed 108,400 sq. ft. five story mixed-use development will strengthen the Central Avenue business district […]

International Economic Development Council Recognizes Downtown Albany Residential Initiative For Excellence In Economic Development

Read More In The Announcement’s Press Release During its 2018 annual conference in Atlanta, GA in October, the International Economic Development Council (IEDC) recognized the success of Albany’s downtown residential development strategy, presenting the Silver Excellence in Economic Development award. The City began the Downtown Residential Development Initiative in 2002 with the purpose of increasing […]

Reminder: Oct. 19 Deadline for City Of Albany Small Business Facade Improvement Program

Announced in September, up to $100,000 in matching grants will be made available this fall as part of the City of Albany Small Business Facade Improvement Program’s third round — applications are available online, the fall 2018 funding window opened September 4 and will close on October 19. If you have questions regarding the program, please […]

Governor Cuomo Announces Clinton Square As $10 Million Capital Region Winner Of The Third-Round Downtown Revitalization Initiative

Today, Governor Cuomo announced Albany’s Clinton Square as a third round recipient of a $10 million Downtown Revitalization Initiative award. As part of the City of Albany’s successful application for Clinton Square, more than $280 million of investment is proposed and more than $80 million is underway in downtown Albany — with the support of […]

SAUCE 2018 In Albany

Amplify Albany supported programming, SAUCE (So Amazing U Can’t Even) is a multi-venue schedule of programming focused on music, fare from local businesses and dancing. Supported programming will take place in Albany, with additional programming throughout the Capital Region. Each venue will be hosting a DJ or live music, and will be offering a unique […]

New Scotland Ave Restaurant Week September 24 through 30

The Helderberg Neighborhood Association will be partnering with local restaurants on New Scotland Ave between Monday September 24th and Sunday September 30th for its first ever restaurant week. Supported by the Amplify Albany Grant Program, a program made possible by the City of Albany Capital Resource Corporation, this event support’s the Association’s work to showcase each of […]

Renewal of Dana Ave Properties Furthers Park South Revitalization Confirming Promise of Neighborhood Plan

Click Here To View The Announcement’s Press Release The Reserve at Park South has risen at 85 Dana Ave in #Albany. The completion of this independent new construction project marks a significant Park South Urban Renewal Plan implementation milestone https://t.co/qP2mbtvpO9 pic.twitter.com/9KjHrgQMie — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) September 20, 2018 The Reserve at Park South, a 30-unit, […]