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Capitalizing on our rich history and beautiful 19th century architecture the City of Troy, is one of the Capital Region's fastest growing areas for business and commerce. With enthusiastic financial backing from the State of New York, the City has made significant financial investments in the infrastructure of the downtown and surrounding areas. The City’s most important attributes are a robust mix of consumers, a diverse college and university population, and an educated workforce nurtured by Rensselaer Polytechnic Institute, a world class technological facility. The City’s downtown contains numerous office facilities available to support any influx of private sector or governmental office workers.

Private sector collaborations such as Historic Troy 2020, and the Troy Redevelopment Foundation, have been formed to bring together the talents and expertise of business leaders, local and state government, academia, the arts, and the non-profit sector to chart a course for Troy, and to infuse financial and human resource investment into the revitalization of the City.

To learn more about starting a business in Troy, available properties and business opportunities contact the Economic Development Office at (518) 270-4589.

Welcome to Troy and good luck in your business.

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Programs and Incentives
Main Street Grant Program
Funding may be available for building renovation projects in the Main Street target area. Property owners contact Troy's Economic Development Office at 270-4589 for program availability or download application.
50/50 Matching Grant Program
Funds are available on a 50/50 matching basis for exterior rehabilitation. For more information contact the Troy Economic Development Office at (518) 270-4589. Download an application in PDF format or learn more.
City of Troy Economic Development Assistance Program
Funds are available to eligible for-profit businesses and commercial property owners in the City of Troy. For more information contact Troy's Economic Development Office at 270-4589. Download an application in PDF format or learn more.
Empire Zone Program
The City of Troy is part of the statewide Empire Zone program. The Zone designation allows the city to offer incentives to businesses that locate and expand within the Zone Boundaries. Download application or learn more .
Energy Smart Community Program
Funding is available for energy audits to help 'businesses' and 'organizations' implement energy-efficiency strategies. For more information contact the Economic Development Office at (518) 270-4589. Download an application and a brochure in PDF format.

Industrial Development Authority
The City of Troy Industrial Development Authority (IDA) continually accepts applications for financial assistance.

IDA incentives include:
- Sales and use tax exemptions
- Mortgage recording tax exemptions
- Real property tax exemptions

The Troy IDA office is conveniently located in Troy City Hall. For more information contact the Economic Development Office at (518) 270-4589 Download application or learn more.

Real Property Tax Abatement
The City of Troy offers an abatement from the increase in assessment based on improvements to real property for up to ten years. For more information contact the Troy's Economic Development Office at (518) 270-4589 or the office of the Assessor at (518) 270-4535. Download an application in PDF format.

 

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Other Related Links

Troy Codes & Housing Discover Rensselaer
Nylovesbiz.com
Nylovessmallbiz.com
Ctr for Economic Growth
Rens. Chamber of Comm
Life in Rensselaer County

 

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