Business Development

Bond Issuance To Support Albany Medical Center Improvements and Expansion of Emergency Department

September 18, 2025 – 4:08 pm

View Announcement Press Release  Capital Resource Corporation Issuance to Support Reinvestment In local Strategic Initiatives Financing made possible with the issuance of up to $425 million in both tax-exempt and taxable bonds will support Albany Medical Center (AMC) — as it advances plans to expand its adult emergency department. The up to $425 million bond […]

Albany Heat Pump Supplier Takes Space in Former Freihofer Baking Co. Building Ahead of Statewide Shift to All-Electric Construction

September 16, 2025 – 4:56 pm

View Announcement Press Release  Lucent Building Supply’s new showroom advances the $6.5M transformation of 242 Spruce St. — infusing the Former Freihofer site in the Sheridan Hollow Neighborhood with New commercial energy New investment continues the transformation of the formerly vacant and blighted Freihofer Baking Co. building at 242 Spruce Street in Albany’s Sheridan Hollow […]

New Downtown Location To Support Albany Center Gallery Expansion

August 5, 2025 – 3:24 pm

Albany Center Gallery, a nonprofit art space and gallery showcasing local and regional artists for nearly half a century, announced today a key move from its location in the Arcade Building to a larger downtown Albany building. The new venue will accommodate and enhance ACG’s rapidly growing programs, staff, projects, and initiatives. The new location, […]

With 15 This Latest Round, Small Business Facade Improvement Program Tops 80 Awards, Supporting Local Growth & Reinvestment

July 22, 2025 – 4:07 pm

Program Has Leveraged More than $730,000 In Private Investment As part of the City of Albany’s Small Business Façade Improvement Program’s seventh-round which closed in May, 15 Albany small businesses and nonprofits received matching grant awards totaling more than $108,000 this month. Already, since its inaugural round the program has made more than 80 awards […]

#AlbanyIsAllBiz | FoodScraps360 In Albany Expands Compost Pickup Service and Operations

June 27, 2025 – 10:19 am

Roughly 10 percent of the Capital Region’s greenhouse gas emissions are caused by landfill emissions, which in essence is mostly decomposing food and organic waste producing methane. With a different approach, sending that same waste to a composting facility, would instead allow it to enrich soil and benefit the environment. Who’s helping to divert food […]

Sign Up and Stay Updated on the NYS $200M+ Downtown Albany Initiative

May 28, 2025 – 12:48 pm

Through this year’s Executive Budget, Governor Hochul launched the Championing Albany’s Potential (CAP) Initiative, to invest $400 million to in part revitalize the state museum, and downtown core of Albany, in partnership with local stakeholders. As part of this effort ESD has selected MIG, a nationally recognized planning and economic development firm, to lead a […]

2025 Regional Economic Development Council Initiative CFA Process And Local Workshop

May 21, 2025 – 12:10 pm

Join Capitalize Albany Corporation and Empire State Development at the Albany Black Chamber of Commerce for an upcoming local CFA workshop. This is an in-person workshop with the opportunity to ask questions and learn more about the CFA application process and available resources.   WHEN: June 18 3:00 – 5:00 p.m.       Where: Albany Black […]

Albany Designer and Handbag Manufacturer Makes First appearance at NY Fashion Week

April 15, 2025 – 2:53 pm

It was a major milestone for Karen Kema Maxwell, better known as Kema of Kema’s Kreations. Several weeks ago, she was putting the finishing touches on her high-fashion purses, duffel bags and handbags set to debut at Runway 7’s NY Fashion Week (NYFW) production on February 9. “It was just an honor to be asked, […]

Seventh Round City of Albany Small Business Facade Improvement Program Application Window Now Open

April 1, 2025 – 11:33 am

Now Accepting Applications, Matching Grant Program Reopens For City Of Albany Small Business Owners To Reinvest And Grow   View Announcement Press Release Applications are now available as part of the City of Albany Small Business Façade Improvement Program’s Round seven funding window with matching grants being made available to support small business owners citywide. […]

South End Children’s Cafe Opens New Expanded Location to Serve More Albany Families

March 6, 2025 – 10:32 am

  View Announcement Press Release  Relocation Triples Program Capacity and Supports Additional Enrichment Services through Generous Support of Public and Private Donors The South End Children’s Cafe, a community resource dedicated to addressing food insecurity, equity and justice and supporting local children and families, today recognized the opening of its newly expanded location at 33 […]