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.
Albany Center for Economic Success (ACES)
The focus of ACES is on building local business and job creation by providing incubator services and technical assistance programs. ACES is a private, non-profit organization on Orange Street in Albany, for the purpose of fostering business development and generating jobs in the economically distressed areas of the City. 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.
Albany-Colonie Regional Chamber (ACRC)
ACRC 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.
START-UP, EXPANSION, RELOCATION & DEVELOPMENT ASSISTANCE
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.
FINDING A CITY LOCATION
The City of Albany Economic Development Team at Capitalize Albany Corporation: The location of a business may be one of the most important factors in the success of your business. Work with one of Albany's economic developers to find a suitable location. Ask about vacant properties or Brownfield reuse opportunities. For more information, contact Capitalize Albany Corporation at (518) 434-2532.
BUSINESS IMPROVEMENT DISTRICTS
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 Business Improvement Districts of Albany.
BUSINESS, VENDORS & EVENTS
All development proposals must comply with rules and regulations of the City's Building and Regulatory Compliance, Zoning, Historic Resources Commission, and Local Waterfront Revitalization Program. 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 Development & Planning for information on Land Use and Neighborhood Planning.
FINANCE & LOAN PROGRAMS
A number of economic development loan programs are available to assist businesses to grow and create jobs. 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 Industrial Development Agency / Capital Resource Corporation for information on other financial benefits.