Governor Cuomo Announces $50 Million East Side Corridor Economic Development Fund to Improve Quality of Life on Buffalo's East Side

March 12, 2019

Governor Andrew M. Cuomo today announced the $50 million East Side Corridor Economic Development Fund, an initiative to spark revitalization of Buffalo's East Side through investments in the four main commercial corridors: Michigan, Jefferson, Fillmore, and Bailey avenues. Funding will help to revive traditional main streets and commercial corridors through the preservation of historic buildings, funding of capital improvements in neighborhood assets, expansion of commercial opportunities, improvements to infrastructure, as well as the promotion of mixed-use private investment in these neighborhoods. The fund compliments previous investments on the East Side of $10 million for the Neighborhood Stabilization Initiative and $5 million for the Buffalo Central Terminal, for a total of $65 million in investments since 2017.

"Commercial corridors like Buffalo's East Side play a significant role in the vitality, livability and character of our cities," Governor Cuomo said. "In recent years we've made significant investments to build a new Buffalo including workforce training, and today we're announcing another $50 million in the East Side to build on those assets and ensure all the arrows continue to point in the right direction."

"With this significant investment in Buffalo's East Side, we are continuing our commitment to ensure that every neighborhood takes part in the economic recovery happening across Western New York," said Lieutenant Governor Kathy Hochul. "For decades, we witnessed jobs and businesses disappear and East Side residents lose hope. I have seen firsthand how we are rebuilding that hope with projects like the Northland Workforce Training Center, which is providing new opportunities for good paying jobs. We are taking the next steps by allocating even more resources to strengthen neighborhoods, improve infrastructure, and build a better future."

Read the full press release here.