About
The City of Albany’s economic development organization.
Established in 1979, Capitalize Albany Corporation is a 501(c)(3) not-for-profit and local public authority whose mission is to facilitate strategic economic development and stimulate transformative investment throughout the City of Albany.
Our mission
Making New York’s Capital a vibrant place to thrive.
A catalyst for economic growth, Capitalize Albany facilitates transformational development projects and implements programs that create, retain, and attract business in the City of Albany.
Powered by investors composed of Albany’s community and business leaders, the Corporation manages and coordinates local economic development functions — working with startups, small businesses, and large employers alike.
Why Albany
Capital City. Regional hub. Ready for investment.
Albany is New York’s Capital City and the heart of the Capital Region — home to state government, the Albany Med Health System, the Albany Nanotech Complex, and a robust pipeline of young professionals from colleges and universities within city limits.
Impact Downtown
Award-winning strategy tapping downtown’s power to drive community and economic growth across the Capital Region.
Learn more →Commercial corridors
Grant programs that strengthen storefronts and activate commercial districts from downtown to West Hill, Arbor Hill, North Albany, and the South End.
View programs →Albany overview
Midtown, uptown, historic neighborhoods, and downtown — the geography of opportunity in New York’s Capital.
Explore Albany →