A low risk investment at a classic establishment in downtown Cohoes!

Local Businesses drumming up business in Cohoes with another private grant 

Cohoes, Ny. November 25, 2022  

Cohoes based businesses, Capital Companies NY & Go Gonzalez, are offering a free-rent and technology grant to bring in a restaurant operator to downtown Cohoes. 

These two companies are once again stepping up to garner the interest of an operator to take over the space known for decades as Smiths of Cohoes featuring a 50-foot-long bar. Their goal is to offer an opportunity with lower risk that will bring in the right operator. 

The value of the grant is estimated to be $42,000. It includes free rent for one year for a restaurant that seats about 100 people. Additionally, it includes a professional, optimized and ADA compliant website. This grant offsets the expensive costs of build-out and saves the awardee time and money, which is critical in the investment of a new restaurant. 

“This is a business move to lure a good restaurant operator to a space that can be operational in a month. My colleagues and I have invested heavily in Cohoes. We are obligated to our commitments and feel the need to keep the momentum going in the Cohoes Business District.”, says Manny Santos of Go Gonzalez.

Mr. Oh of Capital Companies NY states, “There is much interest in this space, but no one has committed to operating it. Our hope is that these incentives that offer a lower investment risk finds the right person with the vision and strategy to flourish in downtown Cohoes”. 

Oh continues, “We are particularly interested in finding a great operator that can develop a strategy for long-term success. I believe the community and the City of Cohoes would be very supportive of a new operator”. 

 There is one grant available. Interested parties should submit a business plan to leasing@capitalcompaniesny.com. The deadline for submissions is December 31, 2022.