Business Development

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. […]

New Capital Walls Mural at The Yard in Albany Highlights Local Botany Native to the Capital Region

June 23, 2023 – 10:20 am

Downtown’s public art has just grown by more than 277-square-feet with the new addition of Capital Walls’ 20th mural by artist Juliana Haliti. It’s located on the main wall of The Yard Hatchet House & Bar between Chapel St and Sheridan Ave, the mural was funded by Leyla Kiosse, President of The Yard Hatchet House […]

518 Black Restaurant Week in Albany The Week of Juneteenth

June 16, 2023 – 2:52 pm

Declared by the Albany Common Council, 518 Black Restaurant Week is going to be getting underway in Albany the week of June 19, featuring a number of City of Albany restaurants. Made possible in part with support from Capitalize Albany’s Amplify Albany grant program – it’s part of a nationwide invitation to support Black-owned restaurants […]

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 […]