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Governor Hochul Announces More Than $102 Million Awarded Through First Round of the Restore New York Communities Initiative

64 Projects Awarded $81.7 Million to Reinvigorate Downtowns and Generate Economic Opportunity

Three Communities — Albany, Endicott and Utica — Awarded $19.7 Million for Special Projects That Will Transform Highly-Visible Blighted Property to Stimulate Community and Economic Growth

Governor Kathy Hochul today announced more than $102 million awarded to 64 projects through the Restore New York Communities Initiative. Restore New York supports municipal revitalization efforts across the state, helping to remove blight, reinvigorate downtowns, and generate economic opportunity in communities statewide. The program, administered by Empire State Development, is designed to help local governments revitalize their communities and encourage commercial investment, improve the local housing stock, put properties back on the tax rolls and increase the local tax base.

"These Restore New York grants will help to reimagine downtowns across our state and transform vacant, blighted, and underutilized buildings into vibrant community anchors," Governor Hochul said. "Thanks to $102 million of state investment, we are breathing new life into communities from Hudson to North Hempstead, jumpstarting new economic activity, and ensuring that New York State continues to be a place where people come to live, work, and raise their families."

More than $19 million has been awarded to three municipalities in this round for special projects. The City of Albany will receive $9.75 million for the Central Warehouse project, the Village of Endicott in Broome County will receive $6 million to renovate the former IBM building, and the City of Utica in Oneida County will receive $4 million to rehabilitate the Mayro Building. Special projects are awarded to municipalities where a highly visible and blighted property causes severe economic injury and has a depressing effect on the overall economic development potential of the community.

Empire State Development President, CEO & Commissioner Hope Knight said, "Restore NY invigorates our urban centers and is a vital tool in the economic development tool kit for rebuilding communities that need it most. This funding will help local governments find solutions to blighted buildings so they can move forward towards a more vibrant future."

Read the full press release here.