Downtown Revitalization Investments are a Critical Part of the State's Comprehensive Economic Development and Community Growth Strategy
State to Work with Residents, Community Leaders and Public Officials to Revitalize Perry's Downtown
Governor Kathy Hochul today announced that the Village of Perry will receive $10 million in funding as the Finger Lakes region winner of the sixth round of the Downtown Revitalization Initiative. For DRI Round 6, each of the state's 10 economic development regions will be awarded $10 million, which will total a $100 million state commitment to help communities boost their economies by transforming downtowns into vibrant neighborhoods.
"Our downtowns are the lifeblood of New York communities, and my administration is committed to delivering the resources they need to thrive, flourish and reach their full potential," Governor Hochul said. "Through this $10 million investment from our Downtown Revitalization Initiative, we're helping Perry drive economic development in its downtown and enhance the rich history of the village while strengthening the community."
The DRI serves as a component of the state's economic development policy by transforming downtown neighborhoods into vibrant centers of activity that oer a high quality of life and attract businesses, jobs and economic and housing diversity. 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 identies a list of signature projects that have transformative potential and leverage further private and public investments. The Department of State will then award DRI funds to selected projects with the greatest potential to jumpstart revitalization and realize the community's vision.