Last Thursday, Gov. Cuomo announced the launch of the Downtown Revitalization Initiative, “a comprehensive approach to transform communities ripe for development into vibrant neighborhoods where the next generation of New Yorkers will want to live and work.”

Under the initiative, ten downtown neighborhoods will be selected – one by each of the state’s Regional Economic Development Councils (REDCs) – and will receive $10 million to invest in the downtown area.  Read the nominating criteria here.

Gov. Cuomo said:

“A thriving downtown can provide a tremendous boost to the local economy.  This initiative will transform selected downtown neighborhoods into vibrant places for people to live, work and raise a family – which will also help attract new investments and businesses for years to come.”