City of Albany economic development
Capitalize Albany
Attracting investment and helping businesses grow in New York’s Capital City — strategy driven, neighborhood rooted, built for the long view.
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Resources for businesses, developers, and the public.
Capitalize Albany connects people to programs, projects, and public information that move investment forward in New York’s Capital City.
Grant programs
Facade, retail, and activation grants that strengthen commercial corridors across Albany’s neighborhoods and downtown.
View programs →For developersReal estate projects
Downtown residential projects, adaptive reuse, and strategy-aligned sites including Liberty Park and Impact Downtown.
See projects →For place activationClinton Market Collective
Events, food trucks, shipping containers, and pop-ups activating a signature Albany gathering place.
Explore the market →Impact
Catalyzing transformative investment across the Capital City.
For more than four decades, Capitalize Albany has elevated Albany’s neighborhoods, downtown, and commercial districts.
Programs open now
Resources that strengthen Albany’s commercial districts.
Made possible with support from the City of Albany, City of Albany Capital Resource Corporation, and the Albany Community Development Agency.
Small Business Facade Improvement Program
Matching grants that help small businesses and property owners reinvest in exterior renovations across the City of Albany.
Amplify Albany Grant Program
Funding for authentic, buzz-worthy events and programming that leverage Albany’s strongest assets and activate commercial districts.
Downtown Albany Retail Grant Program
Assists businesses establishing or expanding retail in core downtown areas — renovation, fit-up, and exterior improvements.
Strategies in motion
Impact Downtown & residential momentum.
Award-winning strategy tapping Downtown’s power to drive community and economic growth — with more than 1,400 residential units completed, under construction, or in the pipeline.
On the ground
Projects shaping Albany’s next chapter.
Warehouse District Adaptive Reuse
Warehouse District, Albany, NY · 15 mixed-use apartments
Downtown Residential Pipeline
Downtown Albany · 300+ under construction
Liberty Park Redevelopment
Liberty Park, Albany, NY · High-density mixed-use district
Clinton Market Collective
Clinton Market, Albany, NY · Market + event activation
News & events
What’s moving in Albany.
Press, program updates, and Corporation events — with links out to registration when needed.
Capitalize Albany Advances Liberty Park Redevelopment with RFP Respondent Selection
The Corporation advances Liberty Park toward a high-density mixed-use district aligned with downtown strategy goals.
Eighth Round: City of Albany Small Business Facade Improvement Program Application Window Now Open
Round eight matching grants support exterior renovations for small businesses citywide through October 22.
Vacant Warehouse District Commercial Office Building Will Be Converted Into 15 Mixed-Use Multifamily Apartments
Another adaptive-reuse milestone in downtown Albany’s residential pipeline.