In the past 10 years, economic development
efforts have brought more than $9 billion of investment to the City of
Albany. The City’s healthcare and educational institutions are
investing and expanding in unprecedented ways. Downtown Albany has
experienced a renaissance with $35 million in new residential units, the
expansion and updating of premier entertainment destinations and new
world-class dining locations. Albany’s diverse neighborhoods are being
revitalized, from the Hudson River waterfront on the eastern border to
Albany’s globally-rare Pine Bush Preserve on the western border.
City of Albany continues to be a prime destination to invest and
create business. Albany is home to many fine commercial establishments
and government partnerships, world renowned hospitals, and educational
and research institutions.
assets help create the strong economic climate which provides Albany
with a competitive advantage in attracting new businesses. Capitalize
Albany Corporation, the City of Albany Industrial Development Agency
(IDA), and Capital Resource Corporation continuously work to create a
business friendly environment within the City of Albany. As part of the
business development services offered, Capitalize Albany Corporation,
The City of Albany IDA, and the Capital Resource Commission work with a
number of organizations and various lending programs in order to
facilitate financial and economic assistance for local businesses.
Capitalize Albany Corporation
Albany Corporation is a registered 501(c)(3) non-profit organization
which implements programs and resources that create, retain and attract
business in the City of Albany. Capitalize Albany achieves this through
its facilitation of transformational development projects identified as
priorities by the corporation’s planning efforts. Contact Capitalize Albany Corporation at (518) 434 2532 or firstname.lastname@example.org.
The City of Albany IDA
City of Albany Industrial Development Agency is an independent public
benefit corporation established by a special act of the New York State
Legislature at the request of the City of Albany, which is the
sponsoring municipality. Contact the Albany IDA at (518) 434 2532 or email@example.com.
Capital Resource Corporation
Capital Resource Corporation is a not-for-profit local development
corporation formed under the Not-For-Profit Corporation Law of the State
of New York. The Capital Resource Corporation focuses on providing
assistance to not-for-profit civic facility projects. Contact the Capital Resource Corporation call (518) 434 2532 or firstname.lastname@example.org.
Click here to view the Non-Profit Revenue Assessment.