Incubator2021-11-04T12:23:29-04:00

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).

Space now available. Contact our offices at (518) 436-8586 to learn more, or complete the inquiry form below and we’ll get in touch with you.

Incubator News

Hearts and Mind Training Center graduates more trained phlebotomists at incubator

LaQuetta Ellis and Odaysia Burton- Garland opened their phlebotomy training center at the Community Loan Fund Small Business Incubator in February 2020, just in time for the COVID pandemic, a national health emergency that would challenge the healthcare industry and rock the new school. “I definitely thought about not doing it. I thought, ‘Maybe this is God telling me not to do it.’ But I didn’t want to give up. People are looking for these skills,” says Ellis.
 
So they pushed through.
 
This month, they graduated 9 more trained phlebotomists and added an evening [Read More]

AllStreet Global Entertainment launches weekly web-series on entrepreneurs

Kasir Rasul founded AllStreet Global in 2010 as a way to create new arts and entertainment programs to educate youth and encourage conversation, collaboration, and mentorship. The business quickly bloomed into event photography and merchandising, and with an added goal of bringing wealth and prosperity back to Black neighborhoods.

“Our neighborhoods produce change and welcome new ideas to make our communities productive across the globe,” Rasul says.

In March of 2020, Rasul moved his business out of his home and into a new studio in the ACES incubator because he wanted to expand capacity. He had [Read More]

Kema Kreations expands to keep up with demand

Kema Kreations has moved to larger offices to keep up with increasing demand for her handcrafted bags, accessories, and more recently, masks. Karen Maxwell has moved her popular handbag and design business into one of the larger four-office suites in the ACES business incubator in order to accommodate new equipment and additional staff.

Maxwell and her team have gone into high gear during since COVID, with mask orders coming in day and night.

Maxwell has create several new masks products to keep up with increasing interest, including wristlets with matching masks, masks with customized embroidery, and [Read More]

ACS Printing continues to grow services

ACS Printing provides professional commercial printing services to a diverse audience. Walk into the downtown Albany printshop, located right in the basement of our business incubator, and you will find political candidates picking up campaign posters, museum directors dropping off annual report materials, students dropping off newsletters, and individuals picking up flyers for a bake sale fundraiser. The family-owned and run printshop hums with activity most days of the week, but since the COVID-19 crisis, the printshop has been quiet. This week, the printshop reopened, and owner Averell Hilton couldn’t be happier. “The doors [Read More]

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 $100,000 as part of this year’s National Grid CleanTech Incubator Program, bringing our funds raised to $900,000 total.

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, a state-of-the-art training center, and drop-in daycare center, as well as 38 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 Spring of 2022.

Help us achieve our goal by donating to the project.

donate now
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