Governor Hochul: Deadline to apply for Downtown Revitalization and Economic Development programs is September 29

ALBANY, NY- $200 million in funding is available through the State's two signature downtown revitalization and economic development programs — $100 million each for Round 7 of the Downtown Revitalization Initiative and Round 2 of the NY Forward program, which focuses on revitalizing smaller and rural downtowns.

This development is according to the office of New York Governor Kathy Hochul. "These two programs have created a wave of revitalization that is sweeping across the state with no signs of slowing," she said.

"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."

The deadline for municipalities to apply is September 29.

This year's funding brings the total amount of State investment across all rounds of the programs to $1 billion since 2016, the Governor’s Office said.

Together, the two programs have awarded $800 million in funding to 93 communities across every region of the state.

Applications are available on the DRI and NY Forward websites.

Governor Hochul image.