$200 Million in Funding Available for Downtown Revitalization Initiative and NY Forward Programs

Governor Hochul Announces $200 Million in Funding Available for Downtown Revitalization Initiative and NY Forward Programs

Governor Kathy Hochul 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.