Gov. Kathy Hochul on Wednesday said $200 million is available in the state’s Downtown Revitalization Initiative (DRI) and the NY Forward program. She announced the available funding at the Syracuse campus of SUNY Oswego as she hosted the state’s first-ever forum on the past, present, and future of the DRI and NY Forward programs. (Photo credit: Hochul flickr)
SYRACUSE, N.Y. — During an appearance in Syracuse on Wednesday, Gov. Kathy Hochul announced that $200 million in funding is available through the state’s two “signature” downtown-revitalization and economic-development programs.
The figure includes $100 million each for the seventh round of the Downtown Revitalization Initiative (DRI) and second round of the NY Forward program.
The NY Forward program focuses on revitalizing smaller and rural downtowns.
Applications are available on the Downtown Revitalization Initiative and NY Forward websites. The deadline to apply is Sept. 29 at 4 p.m.
This year’s funding brings the total amount of state investment across all rounds of the programs to $1 billion since 2016. Together, the two programs have awarded $800 million in funding to 93 communities across every region of the state.
“These two programs have created a wave of revitalization that is sweeping across the state with no signs of slowing,” Hochul said in a release. “The programs are not only reinvigorating downtowns, but they are also making our regions and the state as a whole a world-class destination for businesses, families and tourists. The programs are fulfilling the original vision for the DRI of creating a critical mass of vibrant downtowns of all shapes, sizes and characters in each region to entice businesses to invest and locate in New York State.”
Hochul announced the available funding at the Syracuse campus of SUNY Oswego as she hosted the state’s first-ever forum on the past, present and future of the Downtown Revitalization Initiative (DRI) and NY Forward program.
The forum, entitled “A Retrospective for the Future of the State’s DRI and NY Forward Communities,” included mayors from communities selected in the first five rounds of the DRI.
It also included private stakeholders “engaged and invested” in the DRIs, who will provide advice, insights, lessons-learned and recommendations to inform the future of the two programs and educate prospective applicants on the benefits of participating, Hochul’s office said.
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