Governor Andrew M. Cuomo today announced that the City of Amsterdam will receive $10 million in funding as the Mohawk Valley winner of the third round of the Downtown Revitalization Initiative. As in the first two rounds of the DRI, one municipality from each of the state's 10 regional economic development regions is selected as a $10 million winner, marking another overall state goal to target $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods where the next generation of New Yorkers will want to live, work and raise a family.
"Amsterdam's downtown community is full of potential, and its prime location on the Mohawk River makes it an ideal candidate for the Downtown Revitalization Initiative," Governor Cuomo said. "With this funding, the city will be able to attract new businesses and residents to the area, boosting the local economy and transforming the neighborhood into a destination for locals and visitors alike."
"The Downtown Revitalization Initiative is providing communities with the funding they need to transform their downtowns, attract businesses, and grow their economies," said Lieutenant Governor Kathy Hochul, who made today's announcement. "The City of Amsterdam was once booming with industrial manufacturers, but experienced a decline in the industry like many upstate cities decades ago. This significant state investment will help Amsterdam continue its revitalization with mixed-use development downtown, and continue to improve the business climate and quality of life of the area."
The focus of the Amsterdam DRI spans the Mohawk River to encompass a segment of the historic downtown as well as new downtown areas that have emerged as the city continues to grow and evolve. With a range of mixed-use residential and commercial spaces, an assisted living facility, established businesses, and many park and recreation amenities, the area is poised to attract additional investment to its developable land and available buildings.
The DRI award will allow Amsterdam to capitalize on its concentrated footprint that provides walkability, a desirable location on the north and south of the Mohawk River/Historic Erie Canal, diverse amenities, and beautiful setting to transform the area into an attractive downtown core that supports growth in community events, business, and year-round recreational activity. The city plans to use participation in the DRI to welcome new businesses, visitors and residents eager to come to the city that everyone warmly refers to as "home," bringing to life a beloved quote written by Maria Riccio Bryce for the Amsterdam Oratorio: "What once was home is home again - My Amsterdam."
The Mohawk Valley Regional Economic Development Council went through a competitive review process of proposals from communities throughout the region and considered all eight criteria below before recommending Amsterdam as its nominee for winner:
- The downtown should be compact, with well-defined boundaries;
- The municipality, or the downtown's catchment area, should be of sufficient size to support a vibrant, year-round downtown;
- The downtown is able to capitalize on prior or catalyze future private and public investment in the neighborhood and its surrounding areas;
- There should be recent or impending job growth within, or in close proximity to the downtown that can attract workers to the downtown, support redevelopment and make growth sustainable;
- The downtown must be an attractive and livable community for diverse populations of all ages, including existing residents, millennials and skilled workers;
- The municipality should already embrace or have the ability to create and implement policies that increase livability and quality of life, including the use of local land banks, modern zoning codes and parking standards, complete streets plans, energy efficient projects, green jobs, and transit-oriented development;
- The municipality should have conducted an open and robust community engagement process resulting in a vision for downtown revitalization and a preliminary list of projects and initiatives that may be included in a DRI strategic investment plan; and
- The municipality has identified transformative projects that will be ready for implementation with an infusion of DRI funds within the first one to two years.
Amsterdam's third round DRI win entitles the city to receive $10 million in state funding and investments to revitalize its downtown neighborhoods and generate new opportunities for long-term growth. Amsterdam now joins the Cities of Oneonta and Rome, which were the Mohawk Valley's winners in the first and second DRI rounds, respectively.
Empire State Development President, CEO and Commissioner Howard Zemsky said, "As we've already seen in other city centers around New York State, this $10 million Upstate Revitalization Initiative funding will help catalyze sustainable economic growth in Amsterdam and attract jobs and business to the Mohawk Valley."
New York Secretary of State Rossana Rosado said, "Governor Cuomo's Downtown Revitalization Initiative will intensify the City's redevelopment momentum and leverage past and ongoing projects funded by the Department of State's Local Waterfront Revitalization and Brownfield Opportunity Area Programs. The City's efforts will yield a transformed downtown that is attractive to all generations of New Yorkers. Amsterdam is a beautiful destination on the Mohawk that will truly be home again."
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, "Through Governor Cuomo's Downtown Revitalization Initiative, these community-led, targeted investments will combine with HCR's $107 million investment in the Mohawk Valley over the last seven years that has created affordable housing for about 3,340 residents to help ensure that as Amsterdam's economy grows, all New Yorkers have the opportunity to take part. In New York State, we are lucky to have a Governor who understands how to build inclusive, long-term economic success."
Senator George A. Amedore, Jr. said, "For too long, the City of Amsterdam has been overlooked. Now, with the proper vision and plan, this $10 million investment will finally give the City the spark it needs to transform the downtown region and create jobs and opportunity."
Assemblyman Angelo Santabarbara said, "Today is another big win for Amsterdam that adds to the success we have seen so far and brings us to the next exciting milestone in the re-birth of this great city. The Downtown Revitalization Initiative has proven to be a strong economic development engine for communities across the state. This newest investment boosts our ongoing revitalization efforts with new opportunities for families and businesses, more housing options, and good-paying local jobs."
Mohawk Valley Regional Economic Development Council Co-Chairs Larry Gilroy, President, Gilroy Kernan & Gilroy and Dustin Swanger, Ed.D., President, Fulton Montgomery Community College said, "We were proud to recommend the City of Amsterdam as this year's Downtown Revitalization Initiative awardee, where $10 million in state funding will further the job creation and economic development efforts supported through the Regional Council. We look forward to the progress this award will help generate, and thank Governor Cuomo for his commitment to the region."
Montgomery County Executive Matthew L. Ossenfort said, "Governor Andrew Cuomo's Downtown Revitalization Initiative is right at home in Amsterdam. This is amazing news for not only the City of Amsterdam, but for Montgomery County. I'm grateful to the state and I'm truly proud of our team. They have been working tirelessly on these grant applications and striving to create a community that sets the standard for downtown redevelopment. We believe 2018 is our year and just the start of new beginnings for our community."
Amsterdam Mayor Michael Villa said, "We are honored to be recognized as the winner of the Downtown Revitalization Initiative. Amsterdam is truly a gem along the Mohawk, and we are eager to get started on projects that will highlight our assets and attract more residents and businesses to the community."
Amsterdam will now begin the process of developing a Strategic Investment Plan to revitalize its downtown with up to $300,000 in planning funds from the $10 million DRI grant. A Local Planning Committee made up of municipal representatives, community leaders, and other stakeholders will lead the effort, supported by a team of private sector experts and state planners. The Strategic Investment Plan for downtown Amsterdam will examine local assets and opportunities and identify economic development, transportation, housing, and community projects that align with the community's vision for downtown revitalization and that are poised for implementation. The downtown Amsterdam Strategic Investment Plan will guide the investment of DRI grant funds in revitalization projects that will advance the community's vision for its downtown and that can leverage and expand upon the state's $10 million investment. Plans for the DRI's third round will be complete in 2019.
For more information on the Downtown Revitalization Initiative, go to: www.ny.gov/programs/downtown-revitalization-initiative.
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