Business Development

‘The Bishop’ At 90 North Pearl Street Readying For Opening

July 15, 2019 – 4:42 pm

The Bishop, a new downtown full service restaurant is planning to open in the coming weeks. Supported in part by the Downtown Albany Retail Grant Program, The Bishop will offer a large array of spirits, common cocktails and craft beer, with a main focus on bourbon. Since its inception the Retail Grant Program has leveraged more than […]

Groundbreaking Marks Important Milestone For Mount Hope Commons Project at 351 Southern Boulevard

July 10, 2019 – 7:01 pm

Joined by Sonic Drive In, Trinity Realty Group broke ground on its Mt. Hope Commons project at 351 Southern Boulevard in Albany — a more than $23 million redevelopment of the 10.5-acre site will create hundreds of jobs, several public infrastructure upgrades, new neighborhood amenities and increased tax revenue. A groundbreaking marked an important milestone […]

Upstate Revitalization Initiative Award Announced To Support Liberty Park Redevelopment, Downtown Poised For Unprecedented Success

May 16, 2019 – 7:55 pm

Today, Governor Cuomo announced more than $22 million in New York State funding to support two transformational projects in Downtown Albany. Empire State Development (ESD) will provide up to $15 million in Upstate Revitalization Initiative funds to Capitalize Albany for the redevelopment of Liberty Park. This funding will support acquisition, demolition, stabilization of property, infrastructure and […]

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 […]

80 Central Avenue Investment To Support Three Impactful Non-Profits Serving The Capital Region

January 17, 2019 – 7:27 pm

In #Albany, with support from many, 80 Central Avenue is transformed and now the new home and shared space for three non-profits doing incredible work in the greater Capital Region – Northeastern Association of The Blind at Albany, @GirlsIncGCR, LifePath: https://t.co/pzlZD6Bd5f pic.twitter.com/WnrYOYykgO — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) January 17, 2019 On Thursday, Girls Inc. of the […]

Site Work Has Begun, 9W Project To Bring New Development, Streetscape Improvements

December 28, 2018 – 5:48 pm

Mt. Hope Commons site work started in November, the new $10 million project at 351 Southern Boulevard is under way. This investment is expected to create 60 jobs (30 construction and 30 permanent) and provide new neighborhood amenities. A project made possible with support from the City of Albany Industrial Development Agency, portions of this project will […]

Building For Tomorrow 2018

November 28, 2018 – 10:19 pm

Joined by its investors, hundreds of community leaders and stakeholders, Capitalize Albany Corporation hosted its annual event, Building For Tomorrow 2018 on Nov. 27 at Fort Orange Brewing (450 N. Pearl), celebrating an extraordinary year of building momentum in the Capital City. In review of 2018, Capitalize Albany presented on an unprecedented year of investment and […]

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

October 18, 2018 – 7:53 pm

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. […]

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

October 3, 2018 – 5:42 pm

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

September 27, 2018 – 8:22 pm

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 […]