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Division of Economic Development

The Division of Economic Development provides staffing and management services to various organizations and programs that facilitate the Capitalize Albany economic development strategy.

These organizations and programs include:

The Albany Local Development Corporation (ALDC) is the primary entity responsible for assisting the City of Albany in the implementation of the Capitalize Albany strategy. ALDC facilitates transformational development projects that the City has defined as a priority, in addition to providing financing and business development services to new and existing businesses in the City of Albany.

The City of Albany Empire Zone Program offers state and local tax benefits for businesses that are starting-up or expanding within targeted areas of the City of Albany.

The City of Albany Industrial Development Agency (AIDA) offers business financial incentives to cover the cost

Related Economic Development Links

Albany-Colonie Chamber of Commerce www.ac-chamber.org

Capital District Community Loan Fund www.cdclf.org

Central Avenue Business Improvement District www.centralbid.com

Commercial and Industrial Real Estate Brokers www.cireb.com

Downtown Albany Business Improvement District www.downtownalbany.org

Lark Street Business Improvement District www.larkstreet.org

New York Business Development Corporation www.nybdc.com

Small Business Development Center www.nys.sbdc.suny.edu

New York Loves Small Business http://www.nylovessmallbiz.com/