Business Development

Emergency Funding Round To Close June 30 For Grants To Support City of Albany Small Businesses

June 15, 2020 – 11:56 am

In response to recent damage done to numerous City businesses, applications were made available at the beginning of June as part of an emergency response using the City of Albany Small Business Facade Improvement, and Retail Grant programs administered by Capitalize Albany Corporation. Application fees and investment match requirements are being waived to ensure there […]

Emergency Round of Grants Announced To Support City Of Albany Small Business Owners

June 1, 2020 – 4:49 pm

Grants To Support Businesses That Sustained Damage Over The Weekend With Prioritization of Minority Or Women-Owned Businesses View This Announcement’s Press Release Here In response to the damage done to numerous City businesses, applications will be made available as part of an emergency response using the City of Albany Small Business Façade Improvement and Retail […]

Support smAlbany | New Resource To Support Albany Businesses In A Fast-Changing Environment Amid COVID-19 Crisis

March 20, 2020 – 3:31 pm

www.SupportsmAlbany.com   In recognition of the significant impact the novel coronavirus (COVID-19) has had – and will continue to have for the foreseeable future – on the local and national economy, a consortium of organizations has joined together to provide a clearinghouse of information and resources to support businesses at this difficult time.This website is […]

Completion of Albany S.T.E.A.M. Garden Phase 1 Business Incubator

December 12, 2019 – 11:54 am

Science, Technology, Engineering, Arts and Media – S.T.E.A.M. – is breathing new life into a once-vacant building, a neighborhood, and the Capital Region’s creative economy. The first phase of renovation of the former St. Patrick’s School on Central Avenue is complete, an opening celebration was held on December 11 and the S.T.E.A.M. Garden is now […]

Annual Report | Building For Tomorrow 2019

November 18, 2019 – 9:16 am

Celebrating its 40th anniversary in 2019, Capitalize Albany Corporation has elevated the City of Albany and the Region. It’s executing action-oriented strategies and catalyzing transformation in Albany’s neighborhoods, downtown and commercial districts citywide. To learn more you can read Capitalize Albany Corporation’s 2019 Annual Report, click here or below. Read our 2018 annual report Read […]

Food Hall And Restaurant Incubator Albany Kitchen Readying For Opening

November 4, 2019 – 11:57 am

As part of Redburn Development Partners’ $80 million investment, the renovation of a 4,500 sq. ft. vacant building at 55 Columbia Street is under way. Occupying the building’s two floors with space fit up supported in part by the Downtown Albany Retail Grant Program, Albany Kitchen is planning for its opening in the coming weeks. Troy Kitchen opened […]

Nov. 13 | Building For Tomorrow 2019

October 10, 2019 – 11:54 am

An annual event, Building For Tomorrow will be hosted this year at one of Albany’s newest investments, The Knick at 16 Sheridan Avenue. A more than $20 million investment, what was a vacant 112,000 sq. ft. office building is being transformed into 132 market-rate apartments and ground floor commercial space which will feature The Yard […]

Semblance Medspa Adding Clinical Skin Care Services, Health And Wellness Support To Neighborhood Amenities

September 27, 2019 – 1:44 pm

Click Here To View The Announcement’s Press Release Officially welcomed to the City of #Albany this morning, Semblance Medspa is the latest example of a diversifying retail and service mix, and we are excited for the investment Dr. Sajid is making in downtown. https://t.co/nIf5J5S3Fu #CapAlbGrants #ImpactDowntown pic.twitter.com/5FJ2URWsu4 — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) September 27, 2019 The […]

288 Lark Wine & Tap Now Open On Lark Street

September 6, 2019 – 3:30 pm

The new 288 Lark Wine & Tap was officially welcomed to Lark Street on Wednesday with a ribbon cutting ceremony. The wine bar’s menu focuses on pastas and Mediterranean dishes, and features both wine and whiskey chocolate pairings. Ownership purchased the vacant building at 288 Lark Street in 2017 and recently completed renovations. New doors, […]

Transformational Projects Announced For Clinton Square As Part Of $10 Million Downtown Revitalization Initiative Award

July 24, 2019 – 8:37 pm

View the announcement’s press release, click here The City of Albany’s Downtown Revitalization Initiative Plan and Award Booklet can be found here Governor Cuomo announced 12 transformational projects for Albany’s Clinton Square neighborhood as part of the $10 million Downtown Revitalization Initiative (DRI) award. The strategic investments in Clinton Square will enhance the neighborhood’s role […]