Featured Topics

Call For Vendor Interest: Clinton Market Collective Customizable Shipping Containers Arrive For Installation

July 12, 2024 – 11:48 am

Clinton Market Collective construction is nearly completed, and the site’s custom vendor shipping containers arrived Thursday for installation. The two containers on site will provide semi-permanent business locations where local entrepreneurs and small businesses can operate throughout the year. Additional updates are forthcoming as the park’s reimagining nears completion. If you’re a small business owner […]

New Scotland Spirits Tasting Room Now Open On Lark Street

June 21, 2024 – 1:29 pm

            View this post on Instagram                         A post shared by Capitalize Albany Corporation (@capalbanycorp) Founded in 2016 The company is expanding its reach and furthering its longtime ambition crafting spirits imbued with the taste of New Scotland, NY.  […]

Local Support For 2024 CFA Process: REDC Round XIV

May 17, 2024 – 10:58 am

Governor Kathy Hochul has announced the opening of the Round XIV Regional Economic Development Council Initiative and Consolidated Funding Application (CFA) process. The application portal is now open and Capitalize Albany staff is available to assist applicants located within the City of Albany. Corporation staff will coordinate requests for letters of support from the Mayor and resolutions […]

New High School To Expand KIPP Capital Region Public Charter Schools Network In The City Of Albany

May 16, 2024 – 11:40 am

View Press Release  With support from the City of Albany Capital Resource Corporation (CRC), financing made possible with the issuance of tax-exempt bonds will support KIPP Capital Region Public Charter Schools (KIPP) — allowing the charter school network to invest in the design and construction of a new more than $50 million, three-story, 98,000 sq. […]

Completion Of $15 Million 60-Unit Gallery On Holland Apartments To Strengthen Neighborhood Connectivity

May 14, 2024 – 10:10 am

Local officials and community members today joined Richbell Capital in cutting the ribbon on the latest completed multifamily residential project in the City of Albany. The Gallery on Holland is a $15 million, more than 60,000 sq. ft. 60-unit new construction market-rate multi-family apartment development located at 25 Holland Ave. near the intersection of Delaware […]

The Bevy Vintage Collective Is Welcomed To Downtown Albany, Grand Opening Celebration

May 10, 2024 – 11:12 am

We all know the outdoor, vintage-only market that pops up a few times yearly in Albany’s warehouse district. Now, over four years in operation, it has grown its offerings, featuring more than 50 vendors, attracting many from out-of-state  Sarah Minguela is part of the team behind Albany’s Vintage Roundup and now has her venture as owner of The […]

With Latest Round, In Total More Than 60 Albany Businesses and Nonprofits Have Received Small Business Facade Improvement Program Matching Grant Awards To Reinvest And Grow

May 3, 2024 – 11:55 am

Program Has Leveraged More than $650,000 In Private Investment As part of the City of Albany’s Small Business Façade Improvement Program’s sixth-round which closed in December, 15 Albany small businesses and nonprofits received matching grant awards totaling more than $130,000 this month. Already, since its inaugural round the program has supported more than 50 businesses’ […]

Celebration At Nine Pin: Expanded Tasting Room Now Open

May 2, 2024 – 10:12 am

            View this post on Instagram                         A post shared by Capitalize Albany Corporation (@capalbanycorp) Nine Pin Ciderworks has completed the repurposing of its former 3,200 sq. ft. production area into an  expanded tasting room. Enhancing the on-site experience, […]

$46.3 Million Investment To Construct Affordable Housing Development That Will Support Veterans And Seniors At Risk Of Homelessness

April 18, 2024 – 12:13 pm

Project Will Create At Least 100 Construction Jobs, Bring 120 Additional Units of Affordable Housing Online In Albany View Announcement Press Release A $46.3 million investment is set to bring a 120-unit affordable housing development supporting seniors and veterans to 64 Colvin Avenue in Albany. The project will generate additional revenue to the local taxing […]

$10.5 Million Investment To Bring Nearly 100,000 Sq. Ft. Of Additional New Warehouse Space Online In Albany

April 18, 2024 – 11:47 am

Flexible Distribution Warehouse Facility To Be Constructed On Final Corporate Circle Industrial Park Vacant Lot Supporting At Least 48 Construction Jobs View Announcement Press Release  A 93,000 sq. ft. warehouse/distribution facility will be constructed at 48 Corporate Circle on the last vacant lot within the industrial park. The flexible distribution facility’s design will allow it […]