ALBANY, N.Y. (NEWS10) — The application process for up to $750,000 in small business building improvement grants will open on January 11. The funds will be made available to eligible small businesses, and not-for-profits in the childcare, arts/cultural, tourism, and hospitality industries throughout Albany.
Applicants will have to complete Eligibility Screening Questionnaires that will be available through February 10. Upon completion of the Questionnaire and determination of eligibility, applicants will receive a full program application. Final program applications and any required documentation will then be accepted through February 17, the final deadline for the program.
Applicants seeking grants from $5,000 up to $25,000 will benefit from a streamlined application process and assistance from grant administration staff in the completion of their applications. Meanwhile, applicants seeking “microgrants” that range from $1,500 to $4,999, will have more limited application and monitoring requirements.
“We are excited to be able to offer small business owners, entrepreneurs, and strategically identified not-for-profits this funding opportunity in recognition of the important role they play now — and will play in the future — in fostering jobs, economic vitality, and growth in our City,” said Capitalize Albany Corporation president Sarah Reginelli.
Funding is provided through the American Rescue Plan Act. The program will be administered by Capitalize Albany Corporation with financial support from the City of Albany.