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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 (link to Capitalize Albany Timeline Brochure) that the City has defined as a priority, in addition to providing financing and business development services (link to Business Resource Guide) 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
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