Empire State Development to Hold Public Update on Niagara Falls Strategic Economic Development Fund

October 13, 2021

Oct. 26 Zoom Meeting will Discuss New Funding Initiative for Niagara Street, Main Street, Portage Road and Pine Avenue

Empire State Development (ESD) will hold a project update on the Niagara Falls Strategic Economic Development Fund, a new funding initiative to spur investment on targeted commercial areas along Niagara Street, Main Street, Portage Road, and Pine Avenue on Tuesday, October 26 from 6 to 7 p.m. via Zoom.   The project update comes after an initial public meeting and summer of listening sessions with small businesses, property owners, and local community organizations on ideas for inclusion in the program.  During the presentation, ESD will share what it learned from the community and how these insights are shaping an investment portfolio for the Niagara Falls Strategic Economic Development Fund.

To join the October 26 information session by computer or smartphone, register online using the link below, and the link to join the meeting will be sent to you.

https://buffalo.zoom.us/meeting/register/tJMude6urT8qE91cdFJfnP2H1caqVq0LtEqW

If you are unable to join by computer or smartphone, and need to dial into the meeting, please join by calling the number below at 6 p.m. on Tuesday, October 26.

Call-in number: 646-558-8656
Meeting ID: 973 2763 4099
Password: 286957

Through the establishment of program goals, an analysis of economic and land use data, review of past investments, and in-depth stakeholder engagement, ESD and its subsidiary USA Niagara Development Corporation (USAN), along with the City of Niagara Falls and University at Buffalo Regional Institute (UBRI), are developing a portfolio of catalytic projects aimed at improving economic conditions in the City of Niagara Falls.  Projects funded through the program will enhance mixed-use, walkable commercial corridors; support and grow new businesses and entrepreneurship; connect to the waterfront and existing state and private investments; and attract tourists from downtown into adjoining neighborhoods. The new fund seeks to combine support from ESD, the City of Niagara Falls, and philanthropy to finance a variety of projects.

For more information on this program, please visit https://buffalobillion.ny.gov/niagara-falls-strategic-economic-development-fund.

About Empire State Development 

Empire State Development (ESD) is New York’s chief economic development agency (www.esd.ny.gov). The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing the New York State Regional Economic Development Councils and the marketing of “I LOVE NEW YORK,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.ny.gov.

Contact:
Pamm Lent | [email protected] | (716) 846-8309
Laura Magee | [email protected] | (716) 846-8239