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 Ticonderoga's Downtown
Governor Kathy Hochul today announced that the Town of Ticonderoga will receive $10 million in funding as the North Country winner of the sixth round of the Downtown Revitalization Initiative. For Round 6 of the Downtown Revitalization Initiative, each of the state's 10 economic development regions are being awarded $10 million, to make for a total state commitment of $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods.
"Our Downtown Revitalization Initiative is key to transforming towns across the state into sustainable, affordable, and walkable communities where residents and visitors alike can thrive," Governor Hochul said. "The infusion of $10 million into Ticonderoga will enhance its natural beauty, revitalize local businesses, highlight its rich history, and ensure it is a community resilient to the challenges the future holds."
The Downtown Revitalization Initiative (DRI) serves as a component 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 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.