Economic Development

Regional Resources

Albany One-Stop Center & Capital Region Workforce Investment Board

The Capital Region Workforce Investment Board (WIB) provides a variety of services for both employers seeking to attract, train and retain qualified workers, and for individuals seeking employment. Assistance for employers included funds for training existing and incumbent employees and access to a job and resume bank.

For more information, businesses should call Robert Wildermuth III at (518) 462-7600 x160.

Job seekers can receive assistance with resume writing, interviewing and their employment search. A number of programs are also offered to provide opportunities for individuals to learn about career paths and future employment opportunities.

Job seekers in Albany County should call (518) 462-7600 x116.


Capital Region Chamber of Commerce

The Chamber administers the Al Tech Revolving Loan Fund, which is available to Bethlehem businesses looking for alternative financing. Through this fund businesses can secure loans ranging from $50,000 - $750,000 at 75% of Wall Street prime for the term of the loan.

The Chamber also administers the First Opportunity Loan Program, which is a micro-loan program. Loans can vary from $1,000 to $25,000, and interest rates are at Wall Street prime plus 2% for the term of the loan.

For more information on the Chamber’s loan programs, please contact Joseph Landy at (518) 431-1423.

The Chamber also offers a 60-hour Entrepreneurial Assistance Program designed to guide entrepreneurs through the rigors of business formation and management. This program features local business experts, and is provided with assistance from Empire State Development Corporation.

For more information about the Chamber’s Entrepreneurial Assistance Program, please call Janet Tanguay at (518) 453-5230.


Capital Region Foreign-Trade Zone (FTZ)

The Capital Region Foreign-Trade Zone, administered by the Capital District Regional Planning Commission, stimulates international trade and creates jobs and investment in New York State rather than abroad.The Capital Region FTZ serves 10 counties, including the Town of Bethlehem in Albany County.

An FTZ provides a number of benefits including duty exemption, duty deferral, duty reduction, reduced merchandise processing fees, and more. A Usage-Driven Site can be established by an individual company anywhere in the Town of Bethlehem and the short application process takes only 30-45 to be approved by the Foreign-Trade Zones Boards. Any company wishing to apply for a Usage-Driven Site must be willing to provide site maps, information on the imports, production processes (if applicable), and estimated savings.

For more information, please call Sean Maguire at (518) 453-0850 or sean@cdrpc.org.


Community Loan Fund of the Capital Region

The Community Loan Fund of the Capital Region is a non-profit community development financial institution serving the Capital Region of New York State -- Albany, Columbia, Fulton, Greene, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie, Warren & Washington Counties.

For small businesses and micro enterprises, the Community Loan Fund provides various types of loans and lines-of-credit. Loan applications may be submitted at any time - however, it is highly recommended that you discuss the application and the application process with a Loan Officer prior to submission. Each loan application is evaluated on a case-by-case basis for its financial viability and positive social impact. Program funds and terms are subject to change without notice.

For more information or to apply for a loan, please contact Walt at Walt@mycommunityloanfund.org.


Empire State Development Corporation

Empire State Development Corporation (ESD) offers a wide variety of services and programs including a wide variety of tax and financial incentive programs, assistance for manufacturers, and workforce training assistance. ESD is New York’s primary economic development agency.

For more information on ESD programs, please call (518) 270-1130.


New York State Business Development Corporation

The New York State Business Development Corporation (NYBDC) operates a number of loan pools and can help businesses refinance debt, provide funds for working capital, equipment, and building acquisition and construction. Special loans are also available for women and minority businesses and Empire Zone certified businesses.

For more information on the NYBDC please call 1-800-923-2504. Empire Zone certified businesses can contact James Conroy, Senior Vice President, at (518) 463-2268.


New York State Department of Labor

The Department of Labor (DOL) offers training services for employers, maintains a large dataset of employment and wage statistics, and provides a comprehensive listing of tax incentives available to employers. The DOL also maintains a large database of resumes for the benefit of both employers and potential employees.