New York State has selected Brewerton/Hastings and Canastota as this year’s Central New York region NY Forward winners, each receiving $4.5 million for community-improvement projects.
At the same time, the Cayuga County communities of Aurora, Cayuga, and Union Springs will jointly receive $10 million in funding as the Central New York winner of the seventh round of the Downtown Revitalization Initiative (DRI).
Gov. Kathy Hochul announced both the NY Forward and DRI grants during her Monday visit to PPC Broadband, Inc. in DeWitt.
(Sponsored)
CECL Accounting Standard: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting standard introduces the current expected
Important Tax Law Changes To Be Aware Of
Effective planning for your construction business not only includes understanding the items that impact your operations but also the results that taxation on your profits will have on your net
NY Forward funding awards
Hochul’s office says the Brewerton area encompasses the downtown waterfronts of the towns of Hastings and Cicero and straddles both sides of the Oneida River. The two towns collaborated on a joint, mutually supported application, after each had submitted separate applications last year.
The Village of Canastota has also “demonstrated that it is ready for transformative growth” through the NY Forward award, per Hochul’s office. The village has recreational opportunities, including a trail system, and is also located close to several colleges, a Thruway exit, and the Syracuse and Utica metro areas.
Canastota and Brewerton/Hastings will now begin the process of jointly developing a strategic-investment plan to revitalize their downtown areas. A local planning committee made up of municipal representatives, community leaders and other stakeholders will lead the effort, supported by a team of private–sector experts and state planners.
DRI funding award
Aurora, Cayuga and Union Springs combined their nearby downtown areas along Cayuga Lake into one “comprehensive and mutually supporting” DRI applicationentitled, “Cayuga County’s Quaint Lakeside Village Corridor.” Each had applied individually for NY Forward last year.
The combined applications, and the projects identified, will create an “inter-connected tourism corridor” along the northeast side of Cayuga Lake, the state says.
Projects identified, with assistance from the Cayuga County Planning Department and “significant” public input, will boost tourism and business goals through better lake access, walkable neighborhoods, diverse retail and job creation, cultural and recreational opportunities, lodging, and housing.
Aurora, Cayuga, Union Springs will jointly begin the process of developing their plan with up to $300,000 in planning funds from the $10 million DRI grant. As with the NY Forward initiative, a local planning committee will lead the effort.
