State to Collaborate with Capital Region Economic Development Council to Revitalize the City of Hudson's Downtown
Part of Governor's Comprehensive Approach to Transform Communities into Vibrant Neighborhoods and Boost Local Economies
Governor Andrew M. Cuomo today announced that the City of Hudson will receive $10 million in funding and investments as the Capital Region winner of the second round of the Downtown Revitalization Initiative. As in the first round of the DRI, one municipality from each of the state's 10 regional economic development regions will be selected as a $10 million winner, marking another overall state goal to target $100 million in funding and investments to help communities identify catalytic downtown projects to boost the local economy.
"The first round of DRI proved to be a tremendous success - engaging local communities in a bottom-up approach to creating new opportunities for investment in our New York's downtown areas," Governor Cuomo said. "Revitalizing a downtown not only boosts businesses and the local economy, but also benefits the residents who call them home and with this funding, the City of Hudson will have the opportunity to reach its full potential."
Hudson was selected as the second round DRI after its proposal for downtown revitalization, together with the proposals from other Capital Region communities, went through a competitive process, which included the Capital Region Economic Development Council's weighing of these eight criteria before recommending Hudson 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.
Hudson's second-round DRI win entitles it to receive $10 million in state funding and investments to revitalize its downtown neighborhoods and generate new opportunities for long-term growth. Hudson now joins the City of Glens Falls, which was the Capital Region's winner in the first DRI round.
"Revitalizing a downtown not only boosts businesses and the local economy, but also benefits the residents who call them home and with this funding, the City of Hudson will have the opportunity to reach its full potential."
Lieutenant Governor Kathy Hochul said, "Congratulations to Hudson for their selection as a second round Downtown Revitalization Initiative winner. I have seen first-hand in my travels across every corner of the state how the Governor's Downtown Revitalization Initiative investment has given new life to many of our state's downtowns. I look forward to seeing how the City of Hudson will leverage this investment and further develop a strategic vision to give new life to one of the Capital Region's gems along the river."
Empire State Development President, CEO and Commissioner Howard Zemsky said, "Governor Cuomo's Downtown Revitalization Initiative is transforming communities across the state. Congratulations to the City of Hudson for developing a strong plan for sustainable progress and supporting projects that promote economic development, job creation and new investment."
New York Secretary of State Rossana Rosado said, "Downtown Revitalization Initiative funding will help invigorate Hudson's downtown, offering opportunities for job creation and economic growth, while also making the area more livable to keep existing residents and attract new ones. The Department of State will continue to work closely with communities across New York State to help develop downtown communities."
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, "The Governor's successful DRI program is helping communities across the state transform their downtowns into vibrant and livable urban centers poised for long-term growth and economic opportunity. With its rich history and post-industrial feel, Hudson is already an emerging destination for both tourists and millennials looking to work and live in a unique urban setting. With these valuable state resources, Hudson can continue on its path towards an even stronger, more sustainable future.
Senator Kathleen A. Marchione said, "Thanks to the industry, creativity, teamwork and vision of residents, businesses, local leaders and community organizations whom I am proud to partner with, the City of Hudson has emerged as a premier destination for culture, commerce and tourism. Today's announcement that Hudson will receive $10 million in state funding and investments as the Capital Region winner of the second round of the Governor's Downtown Revitalization Initiative is fantastic news. This funding will further strengthen the downtown economy and support ongoing revitalization efforts. I am thrilled to see Hudson receive this important funding and prestigious, well-deserved statewide recognition. I commend Governor Cuomo's continued commitment to supporting, strengthening and revitalizing the City of Hudson and communities all across our state. Originally chartered in 1785, today the City of Hudson's future is even better, brighter and boundless. I am honored to represent this community as part of the 43rd Senate District and I again congratulate the City of Hudson on receiving this major funding award."
Assemblymember Didi Barrett said, "This exciting investment by the State of New York, through the Governor's Downtown Revitalization Initiative, is just the boost the historic City of Hudson, namesake of the majestic Hudson River, needs to channel the tremendous creativity, diversity and entrepreneurial energy that characterizes this community and transform it into a vital, sustainable and inclusive 21st century economy -- a model for the region and the state. I thank Governor Cuomo and his team and I congratulate the leadership and many active, engaged people of Hudson who have done so much to bring us to this moment."
Hudson Mayor Tiffany Martin Hamilton said, "I'd like to thank Governor Cuomo for his vision and commitment to revitalizing downtowns across the state and to the Capital Region Economic Development Council for selecting the City of Hudson as the regional awardee for this second round. Downtowns play a vital role in the economic landscape of a City and region and these funds signal a resurgence for Hudson, its businesses and the people who call it home."
Downtown Hudson has the look and feel of the post-industrial cityscape that millennials seek, yet retains a working historic waterfront along the Hudson River. Dense housing in the Downtown Revitalization Initiative area ranges from historically-designated single-family homes to townhouses and high-rise apartments, served by a variety of dining and shopping options in revitalized historic structures. Recent organic, entrepreneurial development has primed Hudson for the next phase of its revitalization: the increased development of mixed-use projects that incorporate affordable and market-rate housing and transportation oriented design; job incubation to create high quality, living-wage jobs; workforce development to prepare local workers for year-round local employment; and a re-imagining of the waterfront for expanded public use and enjoyment. DRI investment will drive the continued success of existing private and public ventures; emphasize job growth and the attractiveness of the district; and set the stage for economic and civic expansion in the district and across the Hudson.
Hudson 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 Hudson 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 Hudson Strategic Investment Plan, as well as the plans developed by the other nine DRI winners, 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 DRI's second round will be complete in early 2018.
For more information on the Downtown Revitalization Initiative, click here.