Business Development

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. […]

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, […]

First Year In Business Celebrated At Emack & Bolio’s After Transfer Of Ownership

January 19, 2024 – 11:14 am

From Nurse to Ice Cream Shop Owner — A Successful First Year With a refreshed look and feel, Interior Renovations, Menu Additions Rewinding back several years, Orah LeHockey was working locally as a nurse full-time. Things changed as her parents who owned New World Bistro Bar at the time which was located on Delaware, were […]

Building For Tomorrow 2023

November 30, 2023 – 2:39 pm

RSVP | Building For Tomorrow 2023 Capitalize Albany has an ambitious agenda ahead for 2024 with unprecedented opportunities on the horizon for Albany and the Capital Region. An annual event, Building For Tomorrow will be hosted this year at the Albany Black Chamber of Commerce & Social Club.  Enjoy networking, refreshments, an exciting panel discussion, […]

Program For Matching Grants Reopens For City Of Albany Small Business Owners To Reinvest And Grow

November 9, 2023 – 12:14 pm

Now Accepting Applications for the City of Albany Small Business Facade Improvement Program’s Round Six View Announcement Press Release  Grant Program Details and Application Available Here Applications are now available as part of the City of Albany Small Business Façade Improvement Program’s Round Six funding window with matching grants being made available to support small […]

Fidens Brewing Opens First Taproom In Albany, Welcomed To The Warehouse District

August 4, 2023 – 4:43 pm

Fidens Brewing today opened its new, and first, 11,000 sq. ft. taproom located in Albany’s warehouse district at 897 Broadway, restaurant space which is next to Wolff’s Biergarten and across from The Copper Crow.             View this post on Instagram                     […]

Thirty-Seven City of Albany Small Businesses and Nonprofits Receive more than $600,000 in Building Improvement Grants

June 27, 2023 – 3:43 pm

Through City of Albany American Rescue Plan Act Efforts, Capitalize Albany Awards Flexible, Reimbursement Grants for Investments that Support Ongoing Post-Covid Recovery Efforts View Press Release, Project Awards Information Here Following a highly competitive and thorough application and review process, $635,000 in Small Business Building Improvement Grant Program (BIG) awards were announced today, 11 a.m. […]