The emergency funding round open to City of Albany businesses that experienced damage over the past several weeks will close its application process to new applicants on Tuesday, June 30 at 5 p.m.
The funding was created at the beginning of the month as part of an emergency response using the City of Albany Small Business Facade Improvement and Retail Grant programs administered by Capitalize Albany Corporation.
A reminder for those still interested in seeking assistance: Application fees and investment match requirements have been waived to ensure there are no impediments to those most in need — minority or women-owned businesses and those directly impacted by vandalism and looting.
Applications that have already been submitted will continue to be processed beyond June 30. For those who have yet to apply - eligible small business owners and/or commercial property owners with an existing small business tenant - you must submit both Part 1 and Part 2 of the application by close of business June 30.
Capitalize Albany was able to make this funding available quickly by adapting existing capital improvement programs that it administers and are made possible by the City of Albany Community Development Agency and City Capital Resource Corporation. The programs were put on hold as a result of the COVID-19 pandemic.
Grants of up to $10,000 are available for exterior renovations or repairs. Local business owners are encouraged to contact Capitalize Albany as other improvements may also be considered for support.
Examples of exterior renovations may include, but not be limited to: Repair of signs, lighting, windows, awnings, storefronts and entrances, doors, brickwork, painting and repair of decorative details.
Additional details are available at: www.CapitalizeAlbany.com/Grants.
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