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
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
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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
|City of Troy Economic Development Assistance
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
application or learn
|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
Industrial Development Authority
The City of Troy Industrial Development Authority (IDA) continually accepts applications for
IDA incentives include:
- Sales and use tax exemptions
- Mortgage recording tax exemptions
- Real property tax exemptions
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