Newark named a finalist in the Downtown Revitalization Initiative competition
The village of Newark has qualified as a finalist for the next round of the Downtown Revitalization Initiative, a statewide competition in which communities compete to receive up to $ 20 million in funding. public funding for local development.
The village submitted its nomination, âMoving Newark Forward,â in September and was informed by Empire State Development that it was a finalist for the Finger Lakes region. Newark made a formal presentation to the selection committee and the winner will be announced later this year.
Each applicant must demonstrate the community’s readiness to implement projects and administrative capacity to complete them. They must demonstrate the vision, goals and strategies of the community to implement a variety of projects that will generate local development, create jobs and strengthen the economy.
The village’s submission described the historic Erie Canal in the heart of downtown while identifying several aspects of recent infrastructure investments, including the reconstruction of South Main Street, major improvements to the wastewater treatment plant and a new conception of UTE, all made possible by grants. The demand also highlighted the completion of IEC Electronics’ expansion project, as well as other recent announcements of job creation and investment.
âThe Village of Newark hopes to continue its momentum, but needs DRI funding to make the downtown area a focal point for redevelopment,â said Mayor Jonathan Taylor. âSome developers have expressed an interest in investing in the downtown area and I have no doubts that receiving the DRI award would inspire them to take action.
âThis request, as well as the process as a whole, represents hard work on the part of our dedicated staff and community volunteers for which I am very grateful. It’s more than an app, it’s a long-term economic sustainability plan for the Village of Newark and the surrounding area.