Fueling Growth and Innovation
The Town of Colonie IDA and LDC work together to promote business expansion, create jobs and secure business investments that support the economy. Our tax, land and financial incentives make our area an attractive place for businesses seeking to establish themselves in a well-managed and forward-thinking community.
The Town of Colonie provides everything you need to power the growth of your business. From state-of-the-art infrastructure and access to international transportation routes to a strong workforce and a commitment to preserving our natural resources, the town fosters a vibrant and diversified economy to support a wide range of industries.
Your Business Starts Here
The Town of Colonie is home to over 7,500 businesses. Ayco, Chris’s Coffee, Plug Power and Shaker Pointe Retirement Community are just a few businesses that have moved or expanded their operations to the Town of Colonie. These companies and others are taking advantage of business incentives for the redevelopment of available commercial sites.
The economic advantage of bringing your business to the Town of Colonie lies in the access it provides – access to a skilled, stable workforce; Aaccess to 50 percent of the U.S. population within a two-hour flight; access to beneficial tax rates; access to affordable cost of living and lifestyles for companies and workers.
The largest industries by employment are Administrative Support/Waste Management, Retail, Health Care & Social Assistance and Accommodation/Food Service.
Administrative Support/Waste Management
This important industry sector is comprised of businesses that perform support activities crucial to the day-to-day operations of other organizations. These businesses include office administration, staffing services, document preparation, solicitation, collection, security and surveillance services, cleaning, and waste disposal services. They can range from small, entrepreneurial businesses to large companies and are one of the largest employers in our area.
The Town of Colonie is a shopper’s paradise. Wolf Road is the mecca of retail in the Capital Region with Colonie Center mall and its long stretch of stores and restaurants populating the corrodor. Intersecting Wolf Road is Central Avenue, an 11-mile stretch stacked with everything from large national chain stores to small, locally owned businesses. The area draws residents from up to 40 miles away to shop and dine.
Healthcare & Social Assistance
The Town of Colonie businesses are leading the way in healthcare investment to provide state-of-the-art resources for our community residents and aging populations. Recent IDA project, Shaker Pointe at Cardonlet, included the redevelopment of approximately 30 acres of land and existing buildings into a beautiful retirement community campus. Other projects include Colonie Senior Service Centers and Everett Road Senior Housing.
To provide the employment base needed for this important industry, there are many schools right here in the Town of Colonie to train the next generation of healthcare workers including Siena College, Bryant & Stratton College, SUNY Empire State College, BOCES Health Careers Center, as well as many other schools just a short drive away.
Hospitality: Accommodation & Food Service
As home to the Albany International Airport and other major travel corridors, The Town of Colonie sees a large share of travelers and tourists pass through the area. Just a minute from the airport, one of the area’s landmark hotels, The Desmond Hotel, recently completed a large IDA assisted renovation project to upgrade their facilities. Other IDA projects include new Wolf Road restaurants Mosu, Toro Cantina and chain restaurant Longhorn Steakhouse. The hospitality and food service industries area attract many visitors to the area to stay and dine and provide a large number of jobs.
The Town of Colonie is ready to match your needs with our options. Whether you are looking to relocate, expand your business or start from scratch, out team will work to meet your business needs.