Governor Cuomo Announces Village of Penn Yan as $10 Million Finger Lakes Region Winner of Third-Round Downtown Revitalization Initiative

State to Collaborate with Finger Lakes Regional Economic Development Council to Revitalize Penn Yan's Downtown

October 5, 2018

Governor Andrew M. Cuomo today announced that the Village of Penn Yan will receive $10 million in funding as the Finger Lakes winner of the third round of the Downtown Revitalization Initiative. As in the first two rounds of the DRI, one municipality from each of the state's 10 regional economic development regions is selected as a $10 million winner, marking another overall state goal to target $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods where the next generation of New Yorkers will want to live, work and raise a family.

"The Downtown Revitalization Initiative invests in the unique strengths of local communities to transform downtowns into central hubs of economic activity for the region," Governor Cuomo said."This significant investment in Penn Yan will help attract visitors to the area, spur economic growth and increase job opportunities for the village and the entire Finger Lakes region, creating a stronger, more prosperous New York for all."

Read the full press release here.