Business Development

Preparing 100 Acres At The Port of Albany For First U.S. Offshore Wind Manufacturing Facility

May 12, 2023 – 4:06 pm

Incredible progress is taking shape at the Port of Albany’s expansion site — preparing 100 acres for the first offshore wind tower manufacturing facility in the U.S.   The Capitalize Albany team joined Port officials, Albany Mayor Kathy Sheehan and members of the City of Albany’s Neighborhood Community Services team, for a tour of the APDC […]

ACES And Community Loan Fund Break Ground On New ACES Incubator Expansion

April 27, 2023 – 3:22 pm

At 255 Orange Street today, the Community Loan Fund officially broke ground on its Albany Center For Economic Success (ACES) Incubator Expansion Project. This state-of-the-art facility will feature co-working space for eight, a designated training and technical assistance room for clients of the Community Loan Fund, as well as a drop-in daycare center for visitors […]

Capitalize Albany Breaks Ground On Clinton Market Collective Construction

April 25, 2023 – 10:31 am

Clinton Square DRI Project to Reimagine Key City Gateway, Strengthen Neighborhood Connectivity, and Create Proving Ground for Pop Up Businesses, Events and Programming View Press Release: Announcement By Governor Kathy Hochul Capitalize Albany Corporation and Clinton Market Collective project partners broke ground at 11 Clinton Ave. today marking the start of Clinton Market Collective’s construction. […]

Ribbon Cutting Put On Hold By Pandemic, El Rey Mexitalia Today Celebrated Two Years In Business

April 24, 2023 – 10:22 am

After  being open for just over two years, starting up during the middle of the pandemic, the three co-owners today celebrated the restaurant’s opening, and now its planned growth in the future with the community. An overdue ribbon cutting ceremony and official grand opening event was held at 11 a.m. to celebrate the restaurant’s 2nd […]

Construction Started On New Corporate Circle Warehouse and Distribution Facility

April 21, 2023 – 10:12 am

75,000 Sq. Ft. Warehouse and Distribution Facility To Be Constructed Supporting More Than 70 Construction and Permanent Jobs A 75,000 sq. ft. warehouse building will be constructed at 38-42 Corporate Circle off New Karner Road. It’s planned to be leased to entertainment and pop-culture merchandise retailer FYE serving as a manufacturing and distribution facility. Project […]

Small Business Building Improvement Grants Now Available as New Program Application Process Opens

January 11, 2023 – 11:58 am

City of Albany and Capitalize Albany Launch New Program With Flexible, Reimbursement Grants To Support Ongoing Post-Covid Recovery Efforts Full Program Details: www.CapitalizeAlbany.com/Grants                View this post on Instagram                         A post shared by Capitalize Albany Corporation (@capalbanycorp) […]

Guidelines Available Now For New Small Business Building Improvement Grant Program, Launches In January

December 14, 2022 – 1:15 pm

Up To $750,000 In Reimbursable Building Improvement Grants To Support Ongoing Post-Covid Recovery Efforts Will Be Available; Applications Open Starting Early January Program guidelines for Capitalize Albany’s new Small Business Building Improvement Grant (BIG) Program are available to review in advance of opening the program to applicants in early January. Click Here To View Program […]

Survey & Public Workshop: Help Bring $10 Million To South Pearl Street

August 30, 2022 – 9:59 am

The City of Albany is preparing to put forward an application for South Pearl to compete in the sixth round of the New York State Downtown Revitalization Initiative (DRI). The City of Albany would like your participation in creating the strongest application possible. Please attend a community workshop on September 6th from 6:00 – 7:30 p.m. at the […]

#AlbanyIsAllBiz | European Tailoring And Alterations Has A New Owner, Finding New Ways To Boost Business

August 11, 2022 – 3:47 pm

Like a lot of people, Mo Rabiu hit a professional wall during the pandemic. Working from home in her finance job left the eight-year Albany resident feeling tired and uninspired. She needed a change. But unlike others who retied early or quit in favor of a more attractive position, Rabiu went in a different direction […]

#AmplifyAlbany | ALBANY CENTER GALLERY UNVEILS EXPANSION WITH NEW VIBRANT ARTIST SPACE ‘ART.WORK.SPACE.’

August 5, 2022 – 3:26 pm

With support from the Amplify Albany grant program Albany Center Gallery unveiled its new workshop and artist space: Art.Work.Space Friday evening followed by an artist reception event which attracted hundreds to downtown’s central business district. The new workspace will be used to display youth and community artwork, host programming events, as well as operate as […]