The Capitalize Albany Corporation is a registered 501(c) (3) not-for-profit organization which implements programs and resources that create, retain, and attract business in the City of Albany. The Capitalize Albany Corporation achieves this through its facilitation of transformational development projects identified as priorities by the corporation’s planning efforts, such as the corporation’s “Capitalize Albany” economic development strategy.
Founded in 1979, as the Albany Local Development Corporation, the organization changed its name in 2009 to better reflect its role as an economic development engine in the capital city. The Capitalize Albany Corporation is governed by a Board of Directors with the power to control and manage the affairs and assets of the corporation. The Capitalize Albany Corporation operates as a self-sufficient entity with funding for its activities derived from several sources including loan repayments and recapitalization, real estate and project development revenues, fees for services, grant proceeds, and membership dues.
Specialties
Economic Development, business assistance
