ATTRACTING AND SUPPORTING LOCAL BUSINESS
TROY.NY is one of the Capital Region''s fastest growing areas for business and commerce. With enthusiastic financial backing from the State of New York, the city has made significant financial investments in the infrastructure of the downtown and surrounding areas. The most important attributes are a robust mix of consumers, a diverse college and university population, and an educated workforce nurtured by Rensselaer Polytechnic Institute, a world class technological facility. TROY.NY’s downtown contains numerous office facilities available to support private sector or governmental office workers.
Private sector collaborations such as Historic Troy 2020 and the Troy Redevelopment Foundation bring together the talents and expertise of business leaders, local and state government, academia, the arts, and the non-profit sector to chart a course for the city, and to infuse financial and human resource investment into revitalization efforts.
Listed below are some of the economic development programs available.
- Main Street Grant Program
- 50/50 Matching Grant Program
- City of Troy Economic Development Assistance Program
- Empire Zone Program
- Energy Smart Community Program
- Industrial Development Authority
- Real Property Tax Abatement
To learn more about starting a business in TROY.NY, contact the Economic Development Office at (518) 270-4589 or click on the links to the left.