Last week, Gov. Cuomo announced that the Department of State has designated 12 new Brownfield Opportunity Areas around the state. This designations is intended to enable communities to revitalize neighborhoods affected by dormant and blighted properties by giving projects in these areas priority status for grants and tax credit incentives to project developers.
Gov. Cuomo said:
“The designation of Brownfield Opportunity Areas facilitates the restoration and development of devastated communities across the state. Each of these sites possesses tremendous potential for economic development and job creation, and these designations will equip local partners with the resources they need to implement their vision for community revitalization.”