Name: ACBDC Board of Directors Meeting January 2026
Start: 2026-01-20T08:45:00-05:00
End: 2026-01-20T09:30:00-05:00
Location: Advance Albany County Alliance

The Albany County Business Development Corporation (ACBDC), promotes economic growth and business retention in Albany County by offering financing through the Al Tech Loan Fund to small- and medium-sized businesses (and, in special circumstances, to larger businesses) which demonstrate strong possibilities for growth, real property improvement, increased employment and retention of employment in the community.

For more information contact:

Kevin Catalano

Senior Vice-President & Director of Commercial Lending
(518) 888-4353 or email

Business Development Corporation Board Meetings

Meetings are held at:
Advance Albany County Alliance
111 Washington Avenue, Suite 100
Albany, New York 12210

Third Tuesday of the Month (unless otherwise noted) at 8:30am

All meetings are video streamed on our Youtube Channel.

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January 20

January 20 @ 8:30 am

ACBDC Governance Committee Meeting January 2026

January 20 @ 8:45 am

ACBDC Board of Directors Meeting January 2026

There are no events on this day.

Eligible Companies and Uses of Loan Funds

Manufacturing, technology, retail, wholesale, and service businesses located in or looking to locate in Albany County are eligible to apply for funding.
Loan funds can be used for the acquisition of owner-occupied real estate
Loan funds can be used for acquisition of fixed assets

Ineligible Use of Loan Funds

Business located outside of Albany County
Investments in non-owner-occupied real estate
Refinance of Existing Debts

Program Details

Loan amounts range from $50,000 – $1 million.
Favorable interest rates
Term requirements are 5 to 20 years, depending on the use of the proceeds.
Each eligible applicant should present the prospect for new job creation or the retention of existing employment in the County
Commercial Mortgages funded by the Al Tech Fund are mortgage tax exempt
The borrower must be located in Albany County for the term of the loan.
There is a $500 non-refundable application fee, which is due upon submission of the ACBDC loan application. Please make checks payable to Albany County Business Development Corporation.

Background

In 1976 the U.S. Department of Commerce provided funding to Al Tech Specialty Steel in Pennsylvania. The funding was provided to enable Al Tech Specialty Steel to purchase the assets of Allegheny Ludlum Industries, Inc. on Spring Street in Colonie.
Pursuant to the agreement of this financial relationship, the money provided was then repaid into a trust fund, and the Al Tech Trust Fund was created. One of the conditions that the Federal Government required was that the funds generated from the repayment must be used to create and retain jobs in Albany County. The Advance Albany County Alliance is the agent for the Albany County Business Development Corporation which administers the Al Tech Trust Fund.
The resulting impact to the local business community since the inception of the fund has been outstanding. From its inception, the Al Tech Trust Fund has funded over 180 loans for more than $58 million and has been a part of more than $131 million in economic growth projects in Albany County.