ALBANY — The city of Albany has made an emergency round of funding available to support small business owners affected by Saturday’s night riot.
City officials made the announcement Monday, two days after multiple businesses were damaged when a violent protest erupted over the death of George Floyd in Minnesota and after a peaceful protest Saturday afternoon in the city.
“We have moved quickly to mobilize resources in support of businesses that sustained damage during the senseless violence that took place in our city over the weekend,” Mayor Kathy Sheehan said in a prepared statement. “We must come together at this difficult time to assist the business owners who are the backbone of our community and were already struggling as a result of the pandemic.”
The round of funding can provide grants of up to $10,000 to small businesses and/or commercial property owners for exterior renovations or repairs, officials said.
The money is to be provided through the City of Albany Small Business Facade Improvement and Retail Grant programs administered by Capitalize Albany Corporation.
Application fees and investment match requirements will be waved to ensure there are no impediments to those local businesses most at risk — minority or women-owned businesses and those that were directly affected by the recent violence, officials said.
“Throughout the pandemic Capitalize Albany Corporation has focused on providing support to local businesses to help them survive the crisis and prepare to play a key role in rebuilding the local economy,” Capitalize president Sara Reginelli said in her statement. “This emergency round of funding is in keeping with our ongoing business support efforts, and is specifically designed to address an unexpected and unfortunate setback that we are confident our resilient local business community will overcome by pulling together to work toward the ultimate goal of a thriving city.”
Additional guidelines and a program application are to be posted to CapitalizeAlbany.com.