Governor Kathy Hochul announced that East Williamsburg will receive $20 million in funding as the New York City winner of the ninth round of the Downtown Revitalization Initiative (DRI)
Click here for the announcement.
The Governor’s Downtown Revitalization Initiative (DRI) is a New York State grant program that invests in downtown economic development. After submitting a winning application, the East Williamsburg community will work with the State to develop a Strategic Investment Plan (SIP) that identifies community priority projects that could benefit from DRI funding and help achieve the local community’s vision for its downtown. A call for project submissions to be funded by the $20M grant will be released shortly.
About the Downtown Revitalization Initiative (DRI)
New York State's Downtown Revitalization Initiative (DRI) is a cornerstone of the State's economic development program. The DRI transforms downtown neighborhoods into vibrant centers that offer a high quality of life and are magnets for redevelopment, business, job creation, and economic and housing diversity. These compact, walkable downtowns are a key ingredient to helping New York State rebuild its economy from the effects of the COVID-19 pandemic, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles.
The DRI is led by the Department of State, in close partnership with Empire State Development, NYS Homes and Community Renewal, and New York State Energy Research and Development Authority.
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