The eighth round of the Downtown Revitalization Initiative (DRI) is set to launch this summer. This year, DRI will invest $100 million in 10 new communities to be selected by the Regional Economic Development Councils (REDCs), bringing the total amount of funding allocated for all rounds of DRI and sister program New York Forward (NYF) to over $1 billion.

New York State's DRI is a cornerstone of the State's economic development program. The DRI transforms downtown neighborhoods into vibrant centers that offer a high quality of life and are magnets for redevelopment, business, job creation, and economic and housing diversity. These compact, walkable downtowns are a key ingredient to helping New York State rebuild its economy from the effects of the COVID-19 pandemic, as well as to achieving the State's bold climate goals by promoting the use of public transit and reducing dependence on private vehicles.

The DRI is led by the Department of State, in close partnership with Empire State Development, NYS Homes and Community Renewal and New York State Energy Research and Development Authority.

For round 8, the City of Binghamton has put forth a proposal to support the revitalization of the Clinton Street Neighborhood Business District (CSNBD).

Relevant Documents