April 24, 2018

Downtown Revitalization Initiative Round Two

TOP Downtown Revitalization Initiative Round Two

Recognizing that companies are increasingly seeking to relocate and invest in vibrant, walkable downtowns in an effort to attract and retain a talented workforce, Governor Cuomo launched a second round of the Downtown Revitalization Initiative (DRI), a $100 million effort to improve the vitality of urban centers across New York State.

In 2017, ten communities were identified by the Governor’s Regional Economic Development Councils (REDCs) to participate in the DRI. The State facilitated a community planning process that resulted in a Strategic Investment Plan for each community. To fully leverage the impact of the DRI, Local Planning Committees identified projects that totaled in excess of the available DRI funds to ensure a continued pipeline of projects ready for funding within the community. The Governor will soon announce the projects that will receive implementation funding through the Downtown Revitalization Initiative.

Communities selected in Round Two of the DRI were:

Capital Region - Hudson
Central New York - Cortland
Finger Lakes - Batavia
Long Island - Hicksville (Oyster Bay)
Mid-Hudson - Kingston
Mohawk Valley - Rome
New York City - Bronx
North Country - Watertown
Southern Tier - Watkins Glen
Western New York - Olean