The village of Homer is disappointed today, for not being selected to receive $10-million for economic development from the state. That’s the same Downtown Revitalization Initiative awarded to Cortland.
Syracuse, Norwich and Endicott were some of the recipients announced yesterday.
Syracuse is in the Central New York region of the fifth round of the Downtown Revitalization Initiative (DRI).
As part of DRI Round 5, each of the state’s 10 regional economic development regions are being awarded $20 million, to make for a total state commitment of $200 million in funding and investments to help communities boost their post COVID-19 economies by transforming downtowns into vibrant neighborhoods.
The Downtown Revitalization Initiative launched in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. Led by the Department of State, the initiative represents an unprecedented and innovative plan-to-act strategy that couples strategic planning with immediate implementation, bringing with it an interagency team of state experts to support local government capacity in realizing their community’s vision.