Business Development

The Downtown Albany BID’s business development mission is to lower vacancy rates in downtown through business retention and attraction programs, as well as support for residential projects to create a vibrant Central Business District for all visitors and employees.

Through its business and office tenant retention program, the BID is developing and planning opportunities for outreach to existing tenants, retailers, property owners; promoting the added value of a downtown location that cannot be found elsewhere; creating a community of downtown professionals and partnering on promotional efforts to market downtown as an exciting and hip place to live, work and play.

In providing support for residential projects, the Downtown Albany BID encourages new residential units for market rate projects within the district supporting additional increased residential development and retail services; marketing residential living options to developers and potential residents and creating a community of downtown residents.

Finally, the BID is supportive of attracting new businesses and office tenants into Downtown. By building relationships with appropriate brokers, businesses and stakeholders and promoting the added value of a downtown location for businesses that cannot be found elsewhere, the BID is actively seeking new businesses to locate within the district.

For more information about the BID's business development initiatives, please contact Cheryl Stock, Business Development Manager, at 518-465-2143 x. 14.