State to Collaborate With Southern Tier REDC to Revitalize Designated Downtown Center
Governor Andrew M. Cuomo today launched the $10 million Downtown Revitalization Initiative in the Southern Tier – a comprehensive approach to transform a designated downtown area ripe for growth into a vibrant neighborhood where the next generation of New Yorkers will want to live and work. The program, first presented in the Governor’s 2016 State of the State Address, will invest $10 million in a designated downtown in the Southern Tier. The downtown will be selected by the Southern Tier Regional Economic Development Council.
“A thriving downtown can provide a tremendous boost to the local economy,” said Governor Cuomo. “This initiative will transform a select downtown neighborhood into a vibrant place for people to live, work and raise a family – which will also help attract new investments and businesses for years to come. The Regional Councils have been key to generating new opportunities for local economies, and I am excited to have them spearhead this new effort to build on that progress from the ground up.”
The downtown revitalization initiative complements “Southern Tier Soaring,” the region’s comprehensive blueprint to generate robust economic growth and community development. This transformative plan builds on the gains the Southern Tier has made under the Upstate Revitalization Initiative, while further leveraging state investment to create urban centers that will cement the area’s legacy and position it as a major gateway, with strengths in advanced manufacturing, healthcare, culture and high-technology development and more.
Former New York Secretary of State Cesar A. Perales will chair the downtown revitalization initiative and lead the effort with a team of private sector experts and planners from the Department of State, with support from the Division of Homes and Community Renewal, as well as other state agencies. The state will assist the Southern Tier in building strategic investment plans and identifying key projects consistent with the initiative’s goals.
Acting New York Secretary of State Rossana Rosado said: “The Governor’s Downtown Revitalization Initiative will help reinvigorate our communities by leveraging private investment with existing state resources. Under the Chairmanship of former Secretary Perales, this program will rehabilitate downtowns by housing new and growing small businesses to anchor these areas and make them more livable.”
NYS Homes and Community Renewal Commissioner James S. Rubin said: “In New York State, we are guided by the Governor’s comprehensive economic development vision. This Downtown Revitalization Initiative is an incredibly important strategic investment for New Yorkers and will make these communities magnets for redevelopment, growth, job creation, broader economic and housing diversity, and opportunity.”
Downtown Revitalization Initiative Chairman Cesar A. Perales said: “I am honored to be tasked by Governor Cuomo to chair this vital initiative. I look forward to working with the REDCs and the various State agencies to reinvigorate communities throughout New York State.”
The Southern Tier Regional Council will weigh seven proposed criteria to select their nominee:
1. The targeted neighborhood should be compact and well-defined.
2. The downtown, or its center, should be of a size sufficient to support an active, year-round downtown and should have a sizeable existing or increasing population within easy reach for whom this would be the primary downtown.
3. The downtown should capitalize on prior, and catalyze future, private and public investment in the neighborhood and surrounding areas.
4. 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.
5. The downtown must contain properties or characteristics that contribute or that could contribute, if enhanced, to the attractiveness and livability of the downtown, including the presence of developable mixed-use spaces, housing at different levels of affordability and type, commercial and retail main street businesses, including healthy and affordable food markets, walkability and bikeability, and public parks and gathering spaces.
6. The downtown should contain or articulate how it can create policies that enhance quality of life, including the use of local land banks, modern zoning codes, complete streets plans, or transit-oriented development.
7. Local and community support must exist for revitalization of the downtown. There must be a commitment among local leaders and stakeholders to build and implement a strategic investment plan for the downtown.
Following Council nominations, the Southern Tier will establish local planning committees with technical support from both private sector and state experts to build a Strategic Investment Plan for the designated downtown area. Completed plans will include identification of economic development, transportation, housing, and community projects that align with the community’s plan and can leverage and expand upon the state’s $10 million investment. Plans will be completed in early 2017.
To review the nominating criteria, please click here.
Accelerating Southern Tier Soaring
The State has already invested more than $3.1 billion in the region since 2012 to support the “Southern Tier Soaring” – attracting a talented workforce, growing business and driving innovation.
Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Binghamton, Johnson City and Corning as a destination in which to grow and invest.
Now, the region is accelerating “Southern Tier Soaring” with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State’s $500 million investment will incentivize private business to invest well over $2.5 billion – and the region’s plan, as submitted, projects up to 10,200 new jobs. More information is available here.
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