Incubator

Home/Incubator
Incubator2020-03-04T10:45:32-05:00

Incubator

The Community Loan Fund Business Incubator facilities offer flexible workspace, with two and three-room business suites available. The incubator is conveniently located at 255 Orange Street, near downtown Albany, I-90 and I-787. Offices are fully furnished.

Each office suite comes with:

  • High-speed internet access
  • Wi-Fi
  • Shared office equipment, including printer/copier
  • Shared conference room
  • Access to shared office services available, including bookkeeping, printing
  • Onsite technical training and assistance, offered by ACES and Community Loan Fund of the Capital Region
  • Shared kitchen and breakroom area
  • Ample parking, with shared business amenities
  • Outdoor space, in a convenient, walkable neighborhood

Rent $9-$11 per square foot, with utilities included (Heat, A/C, electric).

Call Community Realty today to make an appointment to tour the available offices. Contact Daniel Torres (518) 434-1840 X417 to learn more.

Incubator News

Ethel Walker harnesses incubator to make racetrack hats

Ethel Walker opened her millinery shop, The Hat Boutiques, at the Community Loan Fund incubator nearly six years ago. She wanted a place she could create and show her hats to potential clients, and the incubator was so conveniently located and affordable, she just couldn’t pass it up. “The size of the office space gave me an opportunity to have a workspace and a showroom,” she says.

Her new studio also allowed her to increase her online sales, because she could now set up photo shoots of her charming chapeaus.

Walker specializes in hats for church [Read More]

Qaadir Islam uses power of language to lift people up at Universal Concepts

Qaadir Islam, life coach and owner of Universal Concepts, says that words make people. Islam has been working with clients dealing with addiction, trauma, and other issues for more than 30 years, and in that time, he has been convinced of the power of language to both lift people up, and hold people back. “Definition gives direction,” Islam says.

Islam’s coaching practice, Universal Concepts is located at the ACES incubator. There, he meets with clients to help them manage their anger, cravings, emotions, hatred, and teach them how to control their emotions. During the trainings, [Read More]

Incubator Expansion

$4M Goal

Help Us Achieve Our Goal

Rendering of new incubator

The Community Loan Fund is expanding our incubator to create more space for businesses owned by women, minorities and people of low income. The Loan Fund won $800,000, as part of this year’s Regional Economic Development Council (REDC) Awards to support our $4 million incubator expansion.

The project is located at 236 Clinton Avenue, to the rear of the current incubator facility at 255 Orange Street. The new facility will include 15 new office suites, 4 new storefronts, as well as 31 affordable housing units.

“Expanding our incubator facility building to Clinton Avenue will allow us to build highly visible and accessible commercial space into our existing facility. It will also allow us to have connectivity with the ongoing revitalization activities happening in this area,” says Linda MacFarlane, Executive Director of the Community Loan Fund of the Capital Region.

Construction will begin in Fall of 2020.

Help us achieve our goal by donating to the project.

donate now