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Press Release
Wednesday, August 2, 2023 - 1:09pm
As Part of State’s Historic Green CHIPS Package, Micron will Break Down Workforce Barriers by Providing On-Site Child Care for Micron Employees
Micron will Provide Additional Grants for In-Home Child Care through PEACE
Announcement Follows Inaugural Central New York Community Engagement Committee Meeting; Group Will Identify Priorities to Guide $500 Million Green CHIPS Community Investment Fund
Governor Kathy Hochul and Micron Technology, Inc. today announced new details surrounding the company's child care commitments, as part of its historic $100 billion investment to build a cutting-edge semiconductor manufacturing campus in Clay, Onondaga County. The transformational public-private partnership will bring up to 50,000 jobs to Central New York. As part of the agreement between Micron and New York State, Micron has purchased a parcel of land on Caughdenoy Road in Clay that will be developed to provide on-site daycare for Micron employees.
"Early in my career, I made the difficult decision to quit my job because our family didn't have access to child care – a difficult choice no parent in New York should be forced into,” Governor Hochul said. “Achieving that goal requires innovative policy solutions like our Green CHIPS Act, nation-leading economic development legislation that requires semiconductor manufacturers to commit to bringing affordable, reliable child care for the communities where these businesses put down roots. Micron has done incredible work living up to their end of the deal, including through a $500 million community fund, and I'm excited to see this child care facility move forward in Central New York."
Senior Vice President and Chief People Officer at Micron and Micron Foundation President April Arnzen said, “By removing barriers to workforce entry or reentry, Micron is creating opportunities for more women and others who have been typically underrepresented in our industry to step into impactful careers and contribute to their fullest potential. I’m pleased to join the Board of Directors at the Early Childhood Alliance of Onondaga County. We’re looking forward to working with Governor Hochul, County Executive Ryan McMahon, fellow business leaders and local childcare providers to provide more childcare opportunities to Central New York families.”
Since announcing Micron’s commitment to Central New York, the company has made significant investments in child care that will benefit Central New York families. Late last year, Micron pledged $500,000 to the YMCA of Central New York to help expand access to high-quality child care and early learning for underserved communities in the region. To date, $250,000 has been spent in early childhood education, impacting nearly 2,000 kids in the region. The remaining $250,000 will be devoted to child care for children up to five years old.
Additionally, Micron announced funding for the Early Childhood Career Pathways Program, administered by Childcare Solutions and PEACE Inc. This program is focused on expanding and enabling family home child care centers, benefitting the providers themselves, many of whom are women and minorities, by increasing the number of home child care centers. This helps to ensure stability and quality in an important child care service channel.
Incorporated in 1968, PEACE, Inc. is a federal designated Community Action Agency (CAA) that serves nearly 10,000 clients in Syracuse, Onondaga County, and portions of Oswego County. With a guiding principle of “Maximum Feasible Participation,” or the concept that those who are served by the CAA must also be involved with the organization’s decision-making processes, the agency pursues a mission to help people in the community realize their potential for becoming self-sufficient.
Today’s announcement follows the inaugural meeting of the CNY Community Engagement Committee, first announced in April 2023 as part of the Community Investment Framework agreement made between Micron and New York State. The Committee, comprised of subject matters experts and community leaders appointed by Governor Hochul, will engage with a wide range of stakeholders on an ongoing basis to ensure full representation for communities across the region in the process of developing priorities for community investment. The Committee met with residents, community leaders and stakeholders to outline the process for the development of a community priorities document that will support the company’s community investment strategy.
During the meeting, it was announced that Empire State Development and Micron commissioned an in-depth study to better understand the Central New York housing market and help guide stakeholder investments. The study will include data analysis, stakeholder engagement, understanding of case studies and national best practices, and policy research. ESD is finalizing the consultant and anticipates work starting in late 2023.
Read the full press release here.
Press Release
Monday, July 31, 2023 - 3:17pm
Fourth Batch of Approved Awards Include 40 Shovel-Ready Projects
Full List of Round XII Awardees Can Be Found Here
Governor Kathy Hochul today announced that more than $27 million has been awarded to support 40 projects across New York State through the Regional Economic Development Council Initiative. Round XII included core capital grant and tax credit funding from Empire State Development, which was made available on a continuous and competitive basis to support the immediate needs of communities. Funding will support impactful projects that align with each region’s strategic goals.
“We continue to make investments lifting up our communities across New York State, and these 40 shovel-ready projects are crucial to boosting economic growth and driving private investment,” Governor Hochul said. “Together, our Regional Economic Development Councils are helping communities meet pressing needs through strategic investments creating good-paying jobs and expanding opportunities for New Yorkers.”
Lieutenant Governor Antonio Delgado, Chair of the Regional Economic Development Councils said, “We are creating jobs, investing in local businesses, and ensuring that all regions of New York have strong local economies. We are continuing to invest in our communities to build a more equitable state for all New Yorkers.”
Empire State Development President, CEO and Commissioner Hope Knight said, “Supporting projects that make strategic sense for the local economy is key to the Regional Economic Development Councils’ success. These awards will move communities throughout the state in a forward direction, by investing in the growth of multiple industries, from offshore wind to innovative manufacturing, and giving New Yorkers the resources they need to grow.”
This fourth batch of projects was recommended by each Regional Council because of their project readiness and alignment with each region's strategic plan.
Read the full press release here.
Press Release
Monday, July 31, 2023 - 2:02pm
Aquarium reveals plans for expanded exhibit space and inclusive playground
See conceptual drawings here
The USA Niagara Development Corporation (USAN) Board of Directors met today and named the Aquarium of Niagara (AON) as the preferred developer of a key parcel of land in downtown Niagara Falls. The project will redevelop a multi-lot property located at 535-579 Second Street to include up to 31,000 square feet of programmable space and provide important visitor amenities that serve a full range of needs and interests, creating a robust cultural and educational hub for tourists and residents alike. See conceptual drawings here. This project supports Governor Kathy Hochul’s strategy to forge a new path forward for Niagara Falls by making targeted investments that will help draw tourists and transform the community.
“The redevelopment of this property – just one block from Niagara Falls State Park and the Niagara River Gorge – represents a unique opportunity to capitalize upon the continued revitalization of an iconic destination,” said USAN President Anthony Vilardo. “This project will elevate the status of the aquarium, which is already a resident and visitor favorite, and further add to the abundant tourism opportunities in Niagara Falls.”
“This planned project leverages our momentum and builds upon the Aquarium’s recent growth,” said Aquarium of Niagara President & CEO Gary Siddall. “The Aquarium is committed to creating new opportunities for visitors to connect to the natural world through quality, enriching experiences that encourage curiosity and inspire delight. This redevelopment project will position the Aquarium as a true quality-of-life asset for our community and a must-do destination for anyone visiting Niagara Falls.”
The Aquarium of Niagara’s proposal includes a phased expansion, the first of which envisions an interactive exhibit space that will house rotating exhibitions, a robust event area, food service and concessions, as well as retail offerings. The proposed development will also feature a fully inclusive playground, introducing a recreational component that encourages outdoor play for families of all ages and abilities. The project follows more than $15 million in recent capital and exhibit improvements at the Aquarium of Niagara. The expanded footprint would double the Aquarium’s current campus and complement programming at the Aquarium’s main building, community plaza, and the forthcoming Great Lakes 360 project expected to be complete next spring. The expansion is estimated to cost $18 million for both phases.
Now that the Aquarium has been named the preferred developer, USAN and the Aquarium will begin to negotiate the principal terms and conditions of a development agreement. These terms and conditions, as well as a General Project Plan, will then be presented to the Directors for their approval.
USAN acquired the property in March 2019 through USAN’s Strategic Land Acquisition Program. The program was created to assemble long-dormant properties located near Niagara Falls State Park to remove blight from the downtown area and expand the density of uses as downtown Niagara Falls grows into a year-round, sustainable neighborhood and tourist destination. In 2023, USAN issued a Request for Proposals (RFP) for redevelopment of the property.
More About the Aquarium of Niagara
The Aquarium of Niagara is a 501(c)(3) nonprofit organization that, with the community and partners, celebrates natural wonders and inspires people to make a difference for aquatic life. The Aquarium is home to 120 different species, including nine rescued and non-releasable marine mammals. The venue is open daily at 9 a.m., except for Christmas and Thanksgiving. For more information, visit www.aquariumofniagara.org.
About USA Niagara Development Corporation
USAN, a subsidiary of Empire State Development, is solely dedicated to the support and promotion of economic development initiatives in Niagara Falls by leveraging private investment and encouraging growth and renewal of the tourism industry in the City of Niagara Falls. For more information, visit https://esd.ny.gov/usa-niagara-development-corporation-6.
Contact:
Laura Magee (USAN) | [email protected] | (716) 846-8239 | (800) 260-7313
Press Office | [email protected] | (800) 260-7313
Christine Stephans (Aquarium of Niagara) | [email protected] | (716) 390-9020
Board Meeting
Monday, July 31, 2023 - 1:00pm
With videoconferencing to: Empire State Development, 633 Third Avenue, 37th Floor Conference Room, New York, NY 10017
This meeting is open to the public.
Webcasting of the meeting is available by clicking the link below.
Due to building procedures, those wishing to attend at any of these locations must RSVP by 4:30 p.m. on Friday, July 28, 2023.
RSVP press line (800) 260 -7313; RSVP public line (212) 803-3772.
Members of the public may submit comments on the Agenda items in writing to [email protected] by 4:30 p.m. on Thursday, July 27, 2023.
All comments received by the deadline will be distributed to the Directors prior to the meeting and will be posted online.
Press Release
Thursday, July 27, 2023 - 1:39pm
The program is designed to train East Buffalo residents and building owners in commercial real estate development
See picture of graduation class here
Empire State Development (ESD) and East Side Avenues today announced the 2023 graduates of the East Side Community-Based Real Estate Development Training (CBREDT) program. This year’s class, the program’s fourth cohort, graduated in a ceremony on July 26 at the Northland Workforce Training Center in Buffalo. The 19 graduates, all East Buffalo residents, include business and building owners who are interested in taking an active role in revitalizing their community’s commercial corridors. To support their success, program graduates are eligible to apply for ESD’s $5 million Community Based Real Estate Development Training Program Fund (CBREDTP Fund), which offers access to much-needed start-up capital for the program participants’ mixed-use and commercial projects.
“Empire State Development is pleased to support this unique, innovative model that empowers and invests in East Buffalo residents and business owners and provides them with the tools they need to revitalize and rebuild their own community,” said ESD President, CEO & Commissioner Hope Knight, who gave the graduation keynote. “Through this and other economic development programs, Governor Hochul and East Side Avenues are building paths to prosperity for the residents of East Buffalo.”
The Community-Based Real Estate Development Training program is designed to build a pipeline of citizen developers in East Buffalo by providing community members with the skills and knowledge they need to successfully complete a commercial development project. It is part of New York State’s $65 million East Side Corridor Economic Development Fund, and funded in collaboration with private and philanthropic organizations who created a pooled, $8 million East Side Collaborative Fund to support capacity building and to develop and implement programs like this.
The intensive 23-week adult training class, offered annually, provides an overview of the commercial real estate development process, including pre-development, construction management, property management, and financing the project from private and public sources. Participants are selected through a competitive application process and the program is facilitated by the University at Buffalo Regional Institute in collaboration with the University at Buffalo School of Architecture and Planning.
In addition, ESD’s $5 million CBREDTP Fund has three subprograms available only to CBREDT graduates:
Pre-Development Fund: provides grants of up to $50,000 to property owners for work to make their projects more feasible such as, but not limited to, consultant costs to prepare business plans and architectural drawings.
Small Project Fund: provides grants of up to $150,000 per property for smaller-scale building improvements that may serve to stabilize a property to allow it to be put into productive use or as an initial phase of a redevelopment that can later be scaled up.
Real Estate Development Fund: for projects that are larger in size and scope, a program graduate can receive a grant of up to $500,000 to support either a stand-alone, single-site, “shovel ready” renovation/rehabilitation project; or an infill development project on a vacant lot.
Hear the visions of previous CBREDT graduates in this award-winning storytelling video series, or read their stories here.
See picture of the graduating class here. Photo caption: 2023 CBREDT graduates. Pictured: (Back row from left to right) David Petty, Eldred Woodard, Roslyn McLin, LaMont Singletary, Taurean Davis, Da'Von McCune, Erica Huffnagle, Ramona Edwards Griffin, Shawn Hargrove, Hakeem Hicks. (Front row from left to right) Tyrone Goodson, Adamaah Grayse, Dock Mack, Jerrica DeLaney, Hope Knight (President, CEO and Commissioner of Empire State Development), Rosalyn Cheatom, Nikita (Nick) Burt, DaShaun Baldwin, Jomo Akono, Murad Howlader.
About East Side Avenues
East Side Avenues is a capacity building initiative developed to fund, plan and coordinate revitalization strategies and initiatives aimed at improving economic conditions in four main commercial corridors on Buffalo’s East Side. It is backed by a unique partnership of private and philanthropic organizations that created the pooled, $8 million East Side Collaborative Fund administered by the Community Foundation for Greater Buffalo. The grants and supports are being provided to complement capital funding that is being awarded by ESD as part of its $65 million ESCEDF.
East Side Avenues stemmed from UB Regional Institute’s (UBRI) partnership with ESD and the City of Buffalo to reach out to community members, to listen, analyze past investments and create a comprehensive plan focused on what key stakeholders said they’d like to see happen and what projects they believe are important for promoting economic activity. East Side Avenues is led by a Project Implementation Team (PIT) from UBRI that will work to build organizational capacity by ensuring appropriate supports such as infrastructure, staff and funding are in place; assisting with strategic planning, program design and problem solving; reporting on progress and ensuring responsible use of resources. UBRI is the research enterprise of the University at Buffalo School of Architecture and Planning. Learn more about East Side Avenues at www.eastsideavenues.org.
About Empire State Development
ESD is New York’s chief economic development agency. The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing the New York State Regional Economic Development Councils and the marketing of “I LOVE NY,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov.
Contact:
Pamm Lent | [email protected] | (716) 846-8309 | (716) 560-8815
Laura Magee | [email protected] | (716) 846-8239 | (716) 374-4246
Press Release
Thursday, July 27, 2023 - 12:30pm
After Months of Stalled Negotiations, Governor and Local Elected Leaders Reached Agreement to Bring 1,200 Housing Units To 5 WTC Site
One-Third of Units to be Permanently Affordable to Low- and Moderate-Income Families; Portion of Affordable Units to Be Offered to Those Living and Working in Lower Manhattan During 9/11 Attacks
Project Will Also Include Commercial Space, Non-Profit Community Space, Connections to Liberty Park
Complements Governor’s Agenda to Increase New York’s Housing Supply
Project Renderings Available Here
Traducción al español
Governor Kathy Hochul today announced the Public Authorities Control Board’s approval of a major, mixed-use development at 5 World Trade Center in Lower Manhattan that will include approximately 1,200 units of housing — one-third of which will be permanently affordable and a portion of which will be offered for New Yorkers impacted by 9/11. When completed, the development will be one of the largest affordable housing developments in Lower Manhattan and the only residential site at the World Trade Center. It will also include approximately 10,000 square-feet of non-profit community space to be occupied by the Educational Alliance, more than 190,000 square-feet of commercial retail and office space, and a connection to the nearby Liberty Park. Governor Hochul made the announcement alongside elected officials, including New York State Senator Brian Kavanagh, Mayor Eric Adams, Manhattan Borough President Mark Levine and New York City Councilmember Chris Marte.
“The resurgence of lower Manhattan after the 9/11 attacks is an only-in-America comeback story,” Governor Hochul said. “With this project, we’re about to transform an old parking lot into new homes for thousands of New Yorkers — bringing new affordable housing and community spaces to this iconic neighborhood. It wasn’t easy to get to this point, but I’m committed to doing everything in my power to build more housing across New York.”
One-third of the development’s approximately 1,200 housing units will be made permanently affordable with affordability levels ranging from 40 percent of the area median income to 120 percent of the area median income. In addition, 20 percent of the affordable housing units will be offered to individuals living and working in Lower Manhattan during the 9/11 attacks and the immediate aftermath.
This project is made possible through a variety of local and state funding sources. Through an agreement between the Executive, Senate and Assembly, the State will contribute $60 million while an additional $5 million will be provided from the Battery Park City Authority’s Joint Purpose Fund. In addition, the Port Authority is seeking approval from the Board of Commissioners on a short-term rent deferral to enable the transaction to proceed.
5 World Trade Center is the location of the former Deutsche Bank building, 130 Liberty Street, which was severely damaged on 9/11. In 2019, the Port Authority of New York and New Jersey and the Lower Manhattan Development Corporation issued a request for proposals to redevelop 5 World Trade Center. In February 2021, a contract was awarded to a development team comprised of Silverstein Properties, Omni NY, Dabar Development and Brookfield Properties.
Read the full press release here.
Press Release
Wednesday, July 26, 2023 - 3:06pm
Total Funding for the Programs Hits $1 Billion Mark with 93 Communities Throughout New York State Having Already Received Awards
Programs Continue to Support Regional Economic Development Goals by Making New York Attractive to Businesses, Families and Visitors
Furthers Governor's Commitment to Expanding Housing Supply and Increasing Affordability by Spurring the Creation of Over 3,000 New Housing Units
First-Ever Forum on Future of the State's Downtown Revitalization Initiative and NY Forward Communities Held in Syracuse
Governor Kathy Hochul today announced that $200 million in funding is available through the State's two signature downtown revitalization and economic development programs — $100 million each for Round 7 of the Downtown Revitalization Initiative and Round 2 of the NY Forward program, which focuses on revitalizing smaller and rural downtowns. This year's funding brings the total amount of State investment across all rounds of the programs to $1 billion since 2016. Together, the two programs have awarded $800 million in funding to 93 communities across every region of the state. Applications are available on the Downtown Revitalization Initiative and NY Forward websites. The deadline to apply is September 29 at 4 p.m.
"These two programs have created a wave of revitalization that is sweeping across the state with no signs of slowing," Governor Hochul said. "The programs are not only reinvigorating downtowns, but they are also making our regions and the state as a whole a world-class destination for businesses, families and tourists. The programs are fulfilling the original vision for the DRI of creating a critical mass of vibrant downtowns of all shapes, sizes and characters in each region to entice businesses to invest and locate in New York State."
Governor Hochul also hosted the state's first-ever forum in Syracuse on the past, present and future of the Downtown Revitalization Initiative (DRI) and NY Forward programs. The forum, entitled "A Retrospective for the Future of the State's DRI and NY Forward Communities," featured mayors from communities selected in the first five rounds of the DRI, as well as private stakeholders engaged and invested in the DRIs, who will provide advice, insights, lessons-learned and recommendations to inform the future of the two programs and educate prospective applicants on the benefits of participating.
Read the full press release here.
Board Meeting
Wednesday, July 26, 2023 - 3:00pm
Postponed – To Be Rescheduled
Press Release
Wednesday, July 26, 2023 - 1:52pm
Governor and Senator's Intervention Ensures Continued Operations at Storied Factory and Creation and Retention of 245 Majority Union Jobs
$7 Million Investment by New York State Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy
Governor Kathy Hochul and U.S. Senate Majority Leader Charles E. Schumer today announced the completion of renowned clothier Tom James Company's acquisition of the 112-year-old former Hickey Freeman manufacturing facility which will proudly be recognized and branded as Rochester Tailored Clothing. Tom James will utilize the highly skilled workforce to produce tailored suits for other brands as well as its own clothing line at the North Clinton Avenue facility in the City of Rochester. As part of the acquisition, Tom James will retain 200 jobs previously at risk had the factory closed and has committed to growing employment on site to 245 net jobs over the next five years.
"This agreement with the Tom James Company marks the start of a new chapter at the historic Hickey Freeman Building and will ensure that its legacy as an economic driver endures in Rochester," Governor Hochul said. "For more than a century, this facility has been Rochester's gateway to the world of fashion and an important source of stable, union jobs. Now, thanks to State investment and the support of the Majority Leader and partners at every level of government, Tom James will continue to make quality products and employ hundreds of workers in the heart of Rochester."
Senate Majority Leader Charles Schumer said "It's official Rochester will continue its long tradition of making high quality suits, powered by our top notch union tailor workforce! This 112-year old factory is a Rochester institution - woven into the very fabric of the community - and that is why I've fought time and again to keep it in business whenever it faced challenges. Last month, after I had personally called the CEO to urge him to look at Rochester, I announced Tom James Company's plans to acquire this iconic factory, and today, I'm thrilled to announce that Tom James has officially closed on its purchase of this Rochester institution - not only providing stability for its 200 world-class union employees, but also adding additional jobs in the coming years. When I visited this Rochester facility a few years ago and walked the floor alongside the factory's hardworking employees, many of whom have worked there for decades, I committed to making sure their future was secure for years to come. Tom James Company, fueled by its own Workers United union workforce, has become an industry leader and is tailor-made to sew success now for Rochester's future. Now that the deal is officially closed, I'm excited to see what the future holds for this beloved Rochester factory and its hundreds of skilled Rochester union workers."
Senator Kirsten Gillibrand said, "Rochester has long been home to a skilled workforce in the garment industry, and the storied history of the Hickey Freeman company inspires many with nearly 125 years of operations in the city. With the purchase of this factory by the Tom James Company, Rochester's days of Made-in-America suit manufacturing will live on. I'm grateful for the investment by Tom James to ensure that the region maintains quality, union jobs for nearly 200 workers at the North Clinton Ave. factory, and that the company intends to grow this workforce. This was a collective effort at all levels of government and local industry, and I am thankful for the efforts of Senator Schumer and Empire State Development to make this acquisition a reality."
Schumer and Hochul announced Tom James's plans to acquire the Rochester factory earlier this summer. This official closing comes after a personal appeal to Tom James CEO Todd Browne from the Majority Leader after the factory was put up for sale earlier this year. Schumer called on the company to move forward with plans to take over the factory and provide stability and growth for this long-time Rochester facility. Governor Hochul also directed Empire State Development to engage Tom James in discussions around State funding sources available to support the acquisition.
Read the full press release here.
Press Release
Wednesday, July 26, 2023 - 12:15pm
Ribbon-Cutting Ceremony for ‘Splash’ Indoor Water Park Resort Marks Completion of Oswego’s Final DRI Project; Makes Oswego First DRI Community in the State to Complete All of its Projects
New Water Park Will Create Jobs and Attract Visitors to Oswego’s Downtown, Adding to the Vibrancy and Revitalization Created by the DRI
Completed DRI Includes Increased Housing in Downtown Oswego, Furthering Governor’s Ongoing Commitment to Making New York More Affordable
See Before and After Photos of Oswego’s DRI Projects Here
Governor Kathy Hochul today announced the completion of Oswego’s final Downtown Revitalization Initiative project at a ribbon-cutting ceremony for the “Splash” Indoor Water Park Resort. The completion of this project makes Oswego the first DRI community in the state to complete all of its DRI projects.
“With this ribbon cutting ceremony for the Splash Indoor Water Park Resort, Oswego has completed a total of 10 projects to improve its downtown and become a model DRI community,” Governor Hochul said. “Oswego’s experience showcases the critical public and private partnerships needed to ensure the success of the program and spur economic development throughout the region. This success story can serve as an example for other communities as we look to the future of our DRI and NY Forward programs and continue working to build a better future for all New Yorkers.”
New York Secretary of State Robert J. Rodriguez said, “You can feel the energy, vibrancy and excitement created by the Downtown Revitalization Initiative projects when you visit Oswego. The city has masterfully chosen and integrated a variety of projects that exemplify the vision and goals of the DRI, laying the groundwork for much more investment to come as the revitalization process continues to unfold and serving as a shining example for other communities participating in this program. Congratulations to the City of Oswego on this significant accomplishment.”
The Splash Indoor Water Park Resort is a four-season family destination that is connected to the Clarion Hotel and Conference Center overlooking the Oswego River/Canal, linking the project to the city’s cherished riverfront and its rich maritime history as the Port City. Splash builds on existing anchor developments and attractions in the downtown—many of which were funded by the DRI and other State programs—to strengthen the appeal of the downtown as a fun, family-friendly destination.
The DRI provided $500,000 for the project, which was implemented by Shane Broadwell of the Broadwell Hospitality Group. Broadwell estimates that Splash will create 60-70 jobs in peak season. The water park will also support surrounding businesses by attracting more visitors to the area.
Oswego received a $10 million DRI award in the first round of the program in 2016. The City’s Strategic Investment Plan focused on increasing downtown housing, expanding small businesses, and providing entertainment and dining options for all ages, while maximizing access to its treasured waterfront. To date, Oswego’s projects have created over 200 units of housing for households of all income levels, 12 commercial spaces and over 150 new full-time and part-time jobs.
Read the full press release here.