ALBANY, NY (NEWS10) – The application process for small business building improvement grants of up to $750,000 will open January 11. The funds will be provided to eligible small businesses, as well as nonprofits in the child care, arts/cultural sectors, tourism and hospitality industries throughout Albany.
Applicants seeking grants of $5,000 to $25,000 will benefit from a streamlined application process and assistance from grant administrators in completing applications. Meanwhile, applicants seeking “small grants” of $1,500 to $4,999 will have more limited application and monitoring requirements.
Funding was provided through the American Rescue Package Act. The program will be administered by Capitalize Albany Corporation with financial support from the City of Albany.