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City of Albany IDA CRC

City of Albany Industrial Development Agency and Capital Resource Corporation

The purpose of the City of Albany Industrial Development Agency and Capital Resource Corporation is to promote, develop, encourage and assist in acquiring, constructing, improving, maintaining or equipping certain facilities thereby advancing the job opportunities, health, general prosperity and the economic welfare of the people of the City of Albany.  In order to be effective in achieving these results, the City of Albany Industrial Development Agency and Capital Resource Corporation provide specific financial benefits that serve to lower the costs of undertaking and financing projects.  In order to obtain such benefits applicants must satisfy eligibility requirements and demonstrate a need for assistance.