New York launches Regional Revitalization Partnership for three cities

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The Empire State Development in New York has launched the Regional Revitalization Partnership for the revitalization of neighborhoods in Buffalo, Niagara Falls, and Rochester in the USA.

The multi-year US$300 million initiative is a collaboration between the Empire State Development, local municipalities and private philanthropic partners to drive economic development and improve social conditions in distressed neighborhoods through a public-private partnership (PPP). The State of New York will commit US$200 million, corporate partners will contribute US$81 million and the remaining US$19 million be provided by local governments.

  1. The interventions at East Side Buffalo will attract investments of US$180 million. Out of which US$60 million will be allocated to the revitalization of Buffalo Central Terminal and its steward organization; US$37 million for improvement of Broadway Market capital; and other investments will be utilized in development projects at Michigan Street African American Heritage Corridor as well as restoration of historic greenhouses at Martin Luther King Jr. Park.
  2. US$40 million will be allocated for interventions at Niagara Falls. Out of which US$19 million will be utilized for development of food entrepreneurship anchored around its historic City Market area along Pine Avenue; US$15 million for restoration of various heritage areas, development of community anchor facilities; and US$5 million for small business assistance programs in the commercial district.
  3. US$80 million will be allocated for interventions at Niagara Falls. Which will be utilized in ongoing waterfront developments involving ROC Riverway, High Falls State Park, expansion of multi-faceted workforce training programs/facilities, and small business assistance along commercial corridors in disadvantaged neighborhoods.

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