Winter 2014 Downtown Digest

Winter 2014 DigestWinter 2014 DigestCheck out the Winter 2014 Downtown Digest with the latest news of what's happening in Downtown Albany! 

Pick up a print copy at various Downtown Albany business locations, at the BID office (40 N. Pearl Street - entrance across from Bruegger's) or request a copy (put 'Downtown Digest' in the subject line.)

Key Resources

Capitalize Albany Corporation: 501(c) (3) not-for-profit organization which implements programs and resources that create, retain, and attract business in the City of Albany. For more information visit: capitalizealbany.org.

Albany Parking Authority: There are over 24,000 parking spaces for visitors and employees in downtown Albany. The Albany Parking Authority manages more than 40% of the public parking inventory, including on-street meters. The APA has implemented an unprecedented parking discount program for new/expanding businesses in Albany. For more information visit: parkalbany.com.

National Grid: Special reduced electric and gas transmission rates may be available through National Grid. Businesses that have at least a 25% load increase at their facility due to start-up or expansion may receive reduced  rates. The benefit is available for ten years. For more information contact Nation Grid: 518.449.8000, nationalgrid.com.

Albany-Colonie Regional Chamber of Commerce: The Chamber is the region's leading business organization with nearly 2,500 business members who employ more than 120,000 local residents. From small business to big issues, the Chamber strives to improve the Capital Region's economy, business climate and quality of life. The Chamber provides educational and networking opportunities, health insurance programs, legislative advocacy, loan programs and more, all designed to help businesses prosper. For more information, call 518.431.1400 or visit www.acchamber.org.

City of Albany Industrial Development Agency (IDA): The IDA is facilitated by the Albany Local Development Corporation. The City of Albany IDA offers businesses financial incentives to cover the cost of construction, rehabilitation, and equipment for a wide range of large scale civic, commercial, and industrial projects. The financial incentives include; sales tax savings, mortgage recording tax savings, and low-cost financing through industrial or civic facility revenue bonds. Contact CAC for more information at 518.434.2532 or go to capitalizealbany.org

Center for Economic Growth (CEG): CEG is a private, member supported economic and business development organization dedicated to developing and promoting efforts to attract high-tech innovative services to bolster local businesses. CEG assists local manufacturing and technology companies with effective business strategies, training and assistance through sponsored programs and technical consulting services. CEG programs include: SMART Start, which unites emerging technology-related companies with investors and professional service providers; TVAN connects entrepreneurs with potential investors; and the Venture B plan series, a monthly forum where start-up ventures are invited to present their business plans and financial needs before a panel of investors and a general audience. For more information, call 518.465.8975 or visit www.ceg.org.

Capital District Community Loan Fund, Inc. (CDCLF): In conjunction with the Affordable Housing Partnership, the Community Loan Fund operates a matched savings and financial literacy program for low-income entrepreneurs. Income eligible participants receive financial education training, coupled with small business development training, as they save money to start or expand, their business. Participant savings may be matched $2 (or $3) for every $1 saved. The program also offers benefits to first-time homebuyers. Subject to funding availability. For more information call (518) 436-8586 or (518) 434-1730, visit www.cdclf.org or stop by 255 Orange Street, Albany.

The Legal Project: The Legal Project is a private, not-for-profit organization that was founded by the Capital District Women's Bar Association in 1995. It provides a variety of free and low cost legal services to the working poor, victims of domestic violence and other underserved individuals in the Capital District of New York State. For more information visit: legalproject.org

Center for MicroEnterprise Development (CMED): CMED was launched in 2006 through a unique alliance of the Albany Center for Economic Success, the Capital District Community Loan Fund, and The School of Business at The College of Saint Rose. CMED will provide comprehensive user-friendly services to meet the training, technical assistance and developmental needs of the Capital Region’s micro entrepreneurs, with primary focus on lower income, women and minority clients. The Center is a one-stop location for information, resources and referrals; it provides one-on-one technical assistance; and will expand and coordinate the partners’ current trainings and workshops that are held throughout the year. To learn more call Dawn Secor at 518.436.8586 or visit 255 Orange Street, Albany.

Photographer: Eric Wood www.skunkworksphotographic.com