The Albany Black Chamber of Commerce (ABCC) has received a $200,000 grant from the KeyBank Foundation. The grant will support capacity-building initiatives that help grow and serve the Capital Region community.

“With the generous grant of $200,000 from the KeyBank Foundation, the Albany Black Chamber of Commerce is poised to take our mission to the next level. This funding will allow us to expand our capacity-building initiatives, enhance our programming, and provide essential support for operating expenses,” said Deshanna C. Wiggins, CEO of ABCC, in a statement. “As we grow, our vision of becoming the ultimate hub for business growth and innovation in the Capital Region is becoming a reality. We are committed to facilitating economic advancement, empowering Black and minority-owned businesses, and fostering greater economic prosperity in our community. We are deeply grateful for KeyBank’s support, and we look forward to making a lasting difference in the lives of entrepreneurs, business owners, and executives throughout the Greater Capital Region.”

The 'Tri-City Area' encompasses Albany, Troy and Schenectady. The Capital Region pulls in areas north towards Clifton Park, south towards Glenmont, east towards East Greenbush and west towards Mohawk, in New York state.

The $200,000 grant from KeyBank will fund capacity-building initiatives, programming support, and operating expenses.

ABCC offers a comprehensive range of resources, including business training and education programs, advocacy, advisory services, networking events, marketing opportunities, mentoring, and business referrals. It also includes human resources, marketing, and advertising.

“The work that the Albany Black Chamber of Commerce does lifts our entire community by giving entrepreneurs, business owners, and executives the support they need to grow and succeed,” said Fran O’Rourke, KeyBank Capital Region Market president. “All of us at KeyBank are proud to support their work to advocate for and expand the economic footprint of Black and minority-owned businesses throughout the Capital Region.”

Meanwhile, KeyBank is one of the nation’s largest bank-based financial services companies, with assets of approximately $188 billion. Over the years, the bank says it has been committing to several diversity projects to enhance the communities in which it serves.

“The Albany Black Chamber of Commerce plays a pivotal role in our community by fostering an equitable and inclusive business environment for Black and minority-led businesses in Albany and the surrounding areas,” Tamika Otis, KeyBank Capital Region corporate responsibility officer, said. “Both KeyBank and the Albany Black Chamber of Commerce are steadfast in our shared commitment to promoting equity in every facet of our initiatives.”