Empire State Development announced that Governor Hochul’s $400 million Championing Albany’s Potential (CAP) initiative is catalyzing investments in Downtown Albany, with $18.6 million in CAP funding supporting 10 projects, nearly $97.5 million in additional investment, and creating nearly 300 housing units.
Published
Signal category
Capital & Finance
Quote
“Governor Hochul’s $400 million Championing Albany’s Potential (CAP) initiative is catalyzing investments in Downtown Albany — sparking new growth and moving major pieces of that vision forward.”
— Empire State Development team
Company
- Industry
- Economic Programs
- Location
- New York, US
- Company size
- 702 employees
Empire State Development (ESD) is New York’s chief economic development agency. The mission of Empire State Development is to promote a vigorous and growing state economy, encourage business investment and job creation, and support diverse, prosperous local economies across New York State through the efficient use of loans, grants, tax credits, real estate development, marketing and other forms of assistance. ESD also oversees the marketing of “I LOVE NY,” the State’s iconic tourism brand (www.iloveny.com) & NYLovesFim New York State's Film, TV & Commercial Incentives (www.nylovesfilm.com) Empire State Development is the parent organization of the New York State Department of Economic Development & the Empire State Development Corporation. For more information on Empire State Development, visit www.esd.ny.gov.
Founded 1968