News

Regional Economic Development Councils Initiative Round XI CFA Process Now Open

May 11, 2021 – 5:52 pm

Governor Cuomo’s transformative Regional Economic Development Councils Round XI consolidated funding application (CFA) process was announced today, the application portal is now open and Capitalize Albany staff is available to assist applicants. The 2021 funding round includes more than $750 million in state economic development resources.  Round XI core funding includes $225 million in grants and tax credits to fund high value […]

Expansive Is ‘Bullish On The Future Df Downtown Albany’

May 11, 2021 – 10:15 am

#DowntownWorks for the newly rebranded Chicago-based Novel Coworking making its debut in New York at 69 State Street Novel Coworking isn’t Novel anymore. The Chicago-based company, which has 40 locations around the country and opened its first location in New York in downtown Albany this past February, has rebranded as “Expansive.” “It better fits our […]

Celebrating Economic Development Week #EDW2021

May 10, 2021 – 1:47 pm

In observance of Economic Development Week, Capitalize Albany is joining the conversation online with other professionals and communities across the country. The Capitalize Albany team is working to support our community during this unprecedented public health crisis. Economic developers everywhere are working to build sustainable communities and prepare for what comes next. The week-long initiative was created by the International […]

United Way Is Bringing Coworking To Downtown Albany At The Blake Annex Supporting Nonprofit Community

May 8, 2021 – 2:45 pm

Downtown is welcoming a new coworking space designed specifically to meet the needs of the area’s burgeoning nonprofit community. The United Way of the Greater Capital Region’s Blake Annex is housed in 24,000 square feet on two floors in the former Steuben Club and Kenmore Hotel at 76 N. Pearl St. – landmark historic buildings […]

Downtown Albany Welcomes Its First New York Farm Meadery

April 30, 2021 – 3:02 pm

A former Albany County Land Bank property is now home to downtown Albany’s first New York Farm Meadery, following the building’s purchase and restoration by investors William “Tragedy” Yager and Patrick Chiou. Located at 140 Hamilton Street, The Bull and Bee: Meadery & Tasting Room was welcomed with a ribbon cutting ceremony April 30.  Named […]

#DowntownWorks For Garfunkel Wild

April 27, 2021 – 10:40 am

Working with Carrow Real Estate Services, when it came time to renew their lease at 677 Broadway in downtown Albany, the attorneys at Garfunkel Wild, PC didn’t have to think too hard. “Number one, we love our space here,” said firm partner Jim Dering. “I do believe it’s some of the nicest space in the […]

Back To Business: Capital Region Ujamaa Market

April 19, 2021 – 6:38 pm

The concept for the Capital Region Ujamaa Market predated the coronavirus pandemic, but the health crisis and the economic downturn it caused – as well as a national focus on social justice and equity – crystalized the need for an effort to support and showcase local Black-owned businesses, according to the market’s founder, George Lopez, […]

#DowntownWorks For Key Capture Energy

April 6, 2021 – 12:36 pm

Dan Fitzgerald co-founded the start-up company Key Capture Energy, an independent developer of utility-scale energy battery storage projects, in Houston, Texas in 2016. It was, at the time, a natural fit as Texas has long been known as the nation’s energy capital. But for Fitzgerald, a lifelong New York resident and UAlbany graduate, the idea […]

Back To Business: Capitol District Supply

March 30, 2021 – 1:57 pm

Selling plumbing, heating, kitchen and bath supplies and fixtures is a very hands-on process. Contractors need to come and pick up their orders, residential customers need to come into the showroom to consult with designers and select their preferred products – from cabinets and sinks to toilets, tubs and showers. At least, that’s how it […]

Back To Business: Irie Vybez

March 18, 2021 – 5:23 pm

Shaun Freeman believes that to be a successful entrepreneur “you have to get uncomfortable” in order to remain sharp and innovative. But the discomfort and upheaval that resulted from the early months of the coronavirus pandemic last year was  more than even the co-founder and owner of the popular Central Avenue Jamaican restaurant Irie Vybez […]