The Central Avenue Business Improvement District (CBID) has an ambitious vision for an economically challenged portion of Albany's midtown district.
CBID, along with the support of many partners and community groups, is rehabilitating the former St. Patrick’s School on Central Avenue into a hybrid facility, known as the S.T.E.A.M Garden, that will aggregate entrepreneurs, creative technology professionals, higher education students, and small business startups. While programming for the building will evolve with the needs of the users, CBID anticipates that the space will include co-working spaces, flexible meeting areas, maker space and a historic restorations laboratory. Inspired by the Syracuse Tech Garden, the overall concept is to enable individuals or small businesses from the community to interact, collaborate and eventually foster their ideas until they become a reality and can scale up to the next stage of business development.
The transformation of this property will serve as a catalyst for the continued revitalization of the Central Avenue Corridor in the heart of the Capital Region’s multi-cultural center, and more broadly will establish a significant new asset in the Capital Region’s support ecosystems for entrepreneurship, technological innovation, cultural diversity, and the creative economy.
What is S.T.E.A.M?
T - Technology
E - Engineering
A - Arts + Design
M - Math
On June 27, 2018, the S.T.E.A.M Garden hosted its community partners, funding agencies and other dedicated parties for a ground-breaking event.
The project garnered substantial state support in the 2015 round of the Consolidated Funding Application. CBID was awarded $500,000 through the New York Main Street Program and another $350,000 from Empire State Development. Additional funders have come on board since then, including National Grid and Capitalize Albany Corporation. Camoin Associates collaborated with CBID on both of the original grant applications and developed a market analysis to determine local and regional demand for a unique, co-working space like the S.T.E.A.M Garden. Today, Camoin Associates continues to work with the Central Avenue BID through grant administration, ensuring that all rehabilitation work is done in compliance with the multiple funding agencies.
- Grant writing
- Market analysis
- Grant Administration
Pictures sourced from: https://www.albany.edu/news/87447.php