New York State's Downtown Revitalization Initiative (DRI) is a cornerstone of the State's economic development program. The DRI transforms downtown neighborhoods into vibrant centers that offer a high quality of life and are magnets for redevelopment, business, job creation, and economic and housing diversity. These compact, walkable downtowns are a key ingredient to helping New York State rebuild its economy from the effects of the COVID-19 pandemic, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles.
The DRI is led by the Department of State, in close partnership with Empire State Development, NYS Homes and Community Renewal and New York State Energy Research and Development Authority.
How it Works
Communities submit applications to the REDCs. Each REDC nominates one community to participate after a thorough evaluation of the downtown’s potential for transformation.
With technical assistance provided by the state, each participating community develops a Strategic Investment Plan that identifies specific projects that align with a unique vision for revitalization of the downtown area. Local planning committees oversee the effort.
$9.7 million will be awarded in each DRI community to advance the most transformative projects from the Strategic Investment Plan. Additional projects may be implemented through the CFA or other funding sources.
Reinvigorating Local and Regional Economies
DRI Round 6
Governor Hochul launched the sixth round of the DRI along with the first round of NY Forward, a new program for smaller and rural communities. This year, DRI will invest $100 million in 10 new communities to be selected by the REDCs, bringing the total DRI state commitment to $700 million.
In 2021, 19 downtowns were selected by the Regional Economic Development Councils in the fifth round of DRI. After a targeted and inclusive planning process the Strategic Investment Plans, which will spur revitalization and investment while achieving the community’s vision for the future, are now complete. Awarded projects will be announced in Fall of 2022. To see the Strategic Investment Plans and final award lists, click on the DRI 5 Communities button below.
NYSERDA offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels.
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