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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) 279-7166.
Welcome to Troy and good luck in your
business.

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Programs and Incentives |
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) 279-7166.
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 279-7166. Download an application
in PDF format or learn more. |
Energy Smart Community Program
Funding is available for energy audits to help 'businesses'
and 'organizations' implement energy-efficiency
strategies. For industrial and commercial customers,
please go to www.nyserda.org
and for residential customers, please go to www.getenergysmart.org.
For more information contact the Economic Development
Office at (518) 279-7166. Download an application
and brochure (pdf). |
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) 279-7166
Download application or learn
more.
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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)
279-7166 or the office of the Assessor at (518)
279-7127. Download an application
in PDF format. |
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