Governor Hochul Announces Amityville and Riverhead as $10 Million Long Island Winners of Fifth-Round Downtown Revitalization Initiative

January 13, 2022

State to Work with Residents, Community Leaders and Public Officials to Revitalize Downtown Areas

Downtown Revitalization Investments Are Crucial Part of the State's Comprehensive Strategy to Revitalize Communities and Grow the Economy

Governor Kathy Hochul today announced that Amityville and Riverhead will receive $10 million each in funding as the Long Island region winners of the fifth round of the Downtown Revitalization Initiative (DRI). As part of DRI Round 5, each of the state's 10 regional economic development regions are being awarded $20 million, to make for a total state commitment of $200 million in funding and investments to help communities boost their post COVID-19 economies by transforming downtowns into vibrant neighborhoods.

"Ensuring local communities have the resources they need to thrive is critical to New York's economic resurgence," Governor Hochul said. "Amityville and Riverhead both play important roles in the overall economic health of Long Island and I have no doubt that with this this funding, they won't only recover from the impacts of COVID-19, but will flourish in the long term."

Lieutenant Governor Brian Benjamin said, "After a competitive awards process with dozens of applicants, I want to congratulate Amityville and Riverhead for winning $20 million as part of the fifth round of the state's transformative Downtown Revitalization Initiative. As we continue to build back from the COVID pandemic, this investment is going to provide a significant boost to the local economy, attract tourists and regional visitors, create jobs and improve quality of life for residents on Long Island."  

Led by the Department of State, the DRI serves as a cornerstone of the State's economic development policy by transforming downtown neighborhoods into vibrant centers of activity that offer a high quality of life and attract redevelopment, businesses, jobs, and economic and housing diversity.  In this round, Governor Hochul doubled funding from $100 million to $200 million and allowed each Regional Economic Development Council to decide whether to nominate two $10 million awardees or one $20 million awardee for transformative and catalytic downtown redevelopment projects. Like past DRI rounds, each selected community will develop a strategic plan through a bottom-up, community-based planning process that articulates a vision for the revitalization of its downtown and identifies a list of signature projects that have the potential to transform the downtown and leverage further private and public investments. DRI funds will then be awarded for selected projects that have the greatest potential to jumpstart revitalization and realize the community's vision for the downtown.

Read the full press release here.