ALBANY, N.Y. (WENY) – Gov. Kathy Hochul announced that $200 million in funding is available to restore downtown areas in communities across New York State.
The funding will be for “NY Forward”, which is a new program aimed at rejuvenating smaller and rural communities and round 6 of the state’s downtown revitalization initiative.
“NY Forward” is meant to serve smaller communities and support local economies that are distinct from larger, metropolitan areas.
“New York’s downtowns are the heart and soul of our communities and regions, and today we’re taking comprehensive action to support them,” Governor Hochul said. “The Downtown Revitalization Initiative has ignited a renaissance in these spaces, which are critical to the continued growth of businesses and local economies, and I am proud to support this vital program. As we grow our downtowns, we are proud to launch a new program — NY Forward — that will provide crucial support to New York’s smaller and rural communities to help bring them back to the bustling towns and villages they once were.”
Applications for “NY Forward” will launch later this month and winners are expected to be selected later this year.