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Governor Hochul Announces Gloversville as One of the $10 Million Mohawk Valley Winners of Fifth-Round Downtown Revitalization Initiative

State to Work with Residents, Community Leaders and Public Officials to Revitalize Gloversville's Downtown

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 Gloversville will receive $10 million in funding as one of the Mohawk Valley 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. 

"Thriving downtowns play an essential role in strengthening regional economies, which makes it critical we continue to support our local partners in their efforts to redevelop and reimagine those areas in their own communities," Governor Hochul said. "The Downtown Revitalization Initiative is one of our best tools for this type of economic development, and in Gloversville, it will deliver the resources the city needs to not only help businesses grow, but improve the quality of life for all those who live and work there."

Lieutenant Governor Brian Benjamin said, "As we continue to build back from COVID-19, the State's Downtown Revitalization Initiative is a critical tool that will help communities across New York State recover. Congratulations to Gloversville on winning this $10 million in funding that will help the community achieve more vibrant neighborhoods and boost their post COVID-19 economy."

Read the full press release here.