Albany is a robust environment for modern industries.


Albany Center for Economic Success (ACES)
ACES is managed by the Community Loan Fund of the Capital Region and focuses on building local businesses and job creation by providing incubator services and technical assistance programs. Services range from initial consulting and client assessment to intensive entrepreneurial training, development of business plans, financial projections/statements, minority and women-owned business certification, and referrals to funding sources and other ancillary resources.  Contact the ACES office of the Community Loan Fund at (518) 427-7804 for more information.

Center for Economic Growth (CEG)
CEG is a non-profit organization helping businesses settle and develop in the Capital District.  CEG assists growing starters or longstanding facilities navigate systems and procedures to create a successful long term hom in upstate New York.  Contact CEG at (518) 465-8975 for more information.

Capital Region Chamber
The Capital Region Chamber offers counseling and technical assistance to small, new or start-up businesses. Resources include computer equipped with software programs designed to assist new businesses in their development and management, a reference library and counselors from the Service Corps of Retired Executives.

Small Business Development Center (SBDC)

The New York State Small Business Development Center helps clients to understand the importance of a business plan, discover sources for funding, prepare for e-commerce, develop marketing plans, and comply with licensing and regulations. The SBDC regularly offers seminars and classes around New York, often in conjunction with local experts. SBDC is administered by the State University of New York and all business services offered are free of charge.
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Capitalize Albany Corporation’s team of talented economic developers are available to assist businesses of all sizes - whether you’re a new business looking to establish themselves or if you want to relocate or expand here in Albany. For more information, contact Capitalize Albany Corporation at (518) 434-2532.

The experienced professionals at the City of Albany's IDA and CRC can assist those looking to grow their business or start a new one through the various financial resources they have available. For more information, contact the IDA / CRC at (518) 434-2532.
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A catalyst for economic growth, Capitalize Albany Corporation facilitates transformational development projects, serving as the City of Albany's economic development arm. A registered 501(c)(3) not-for-profit organization implementing programs and resources to create, retain and attract business in the City of Albany. The economic development team at Capitalize Albany Corporation is available to assist you in finding the best location in the City for your business. Work with Albany's economic developers to learn more about vacant properties, and other available opportunities by contacting Capitalize Albany Corporation at (518) 434-2532 or email
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While each Business Improvement District (BID) manages different areas of the City, and has varying missions, their overall goal is similar. Albany's BIDs assist in economic development, promote the businesses and services within their district, and create a clean, safe environment for workers, residents, and visitors. BIDs levy a special tax assessment to finance improvements and supplemental services in designated commercial areas. Each BID office maintains a listing of current merchants, as well as available sites within their districts for new businesses. Visit the BIDs in Albany: Downtown BID, Central Ave BID, Lark BID.
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All development proposals must comply with rules and regulations of the City's Buildings & Regulatory Compliance, Zoning, and Historic Resources Commission. The City Clerk's Office works to forge stronger relationships with City partners, such as the Business Improvement Districts, City Authorities, Albany County, and the NYS Departments of Health; Racing and Wagering Board; and Department of Agriculture and Markets. Contact the City Clerk's Office at (518) 434-5090 or review Business, Vendor & Event Forms. Visit the Department of Planning & Development for information on land use regulations and neighborhood revitalization.
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A number of economic development loan programs are available to assist businesses to grow, create jobs and support real estate development projects in the City of Albany. Funding sources are designed to encourage investment that will expand the commercial and industrial tax base for the City of Albany. Businesses that are making investments such as purchasing property and equipment and creating new jobs are excellent candidates for the loan programs.

Visit Capitalize Albany Corporation for a list of finance and loan programs available. Or visit the Albany Industrial Development Agency / Capital Resource Corporation for information on real property tax abatement programs and other financial assistance.
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