05/14/2026 | Press release | Distributed by Public on 05/14/2026 13:39
Governor Kathy Hochul today announced awards for a total of 35 transformational projects for the Southern Tieras part of two economic development programs: the Downtown Revitalization Initiative (DRI) and NY Forward.
Seventeen projects were announced for the City of Binghamton, the Round 8 winner of a $10 million DRI award; 11 projects were announced for the Village of Bath, a Round 3 winner of a $4.5 million NY Forward award; and 7 were announced for the Village of Dryden, also a Round 3 winner of a $4.5 million NY Forward award.
"I am thrilled that the Southern Tier is set to break ground on nearly three dozen new projects, funded by the Downtown Revitalization Initiative and New York Forward programs," Governor Hochul said. "By investing in our Southern Tier, we create more liveable and affordable communities where New York families can thrive."
DRI and NY Forward communities developed Strategic Implementation Plans (SIPs), which create a vision for the future of their downtown and identify and recommend a slate of complementary, transformative and implementable projects that support that vision. The SIPs are guided by a Local Planning Committee (LPC) comprised of local and regional leaders, stakeholders and community representatives, with the assistance of an assigned consultant and DOS staff, all of whom conduct extensive community outreach and engagement when determining projects. The projects selected for funding from the SIP were identified as having the greatest potential to jumpstart revitalization and generate new opportunities for long-term growth.
City of Binghamton
The City of Binghamton's Clinton Street Neighborhood Business District is primed for revitalization. Its historic storefronts, walkable footprint, development ready spaces and proximity to Binghamton's urban core make it ready-built as the next great downtown in Upstate New York. The Clinton Street corridor is recognized as the "backbone" of the City's First Ward, providing a social center with dense commercial activity proximate to nearby residential areas. The area has a storied history of immigration, a legacy still felt today in the diverse churches and neighborhoods of the First Ward. The area also boasts a history of a "walk to work" culture fostered by General Aniline and Film (GAF)/Anitec Industries, a former area employer who attracted economic and social activity in the neighborhood. Binghamton seeks to make Clinton Street a reinvigorated corridor better connected to the city and serving current and future residents of the First Ward neighborhood through support for infill development, expanded affordable housing, adaptive reuse and rehabilitation and enhanced public infrastructure.
The 17 Binghamton DRI projects, totaling $9.7 million, include:
Village of Bath
Situated along the scenic Cohocton River, the Village of Bath is a historic planned community that serves as a "Gateway" to Keuka Lake - renowned for its scenery, wineries and vineyards. The Village of Bath has experienced significant changes over the past decade and has recognized the need to strengthen its core and return to its role as the downtown neighborhood that people experience and enjoy. The Village's Liberty Street Historic District revitalization is the next step in this journey. The Village seeks to bolster growth by creating an active downtown with enhanced public spaces, strategic placement of amenities, and new housing opportunities that will attract visitors and foster an atmosphere that will retain and attract residents and businesses.
The 11 Bath NY Forward projects, totaling $4.5 million, include:
Village of Dryden
Dryden is an ideal place for young families to grow and for older generations to age. Home to just over 2,000 residents, Dryden has developed over time as a small bedroom community to the nearby cities and universities and as a highly traveled and visited community. With median home values and rents that are affordable to all, Dryden's parks, tree-lined sidewalks, and friendly neighborhoods make it a desirable small community to live in. Dryden seeks to reinvest in its historic downtown by continuing to support an attractive and inviting Main Street with a robust mix of shopping, dining, and residential spaces. The Village will foster a welcoming and walkable downtown community where current and future residents can live a sustainable lifestyle in friendly neighborhoods with convenient access to goods and services.
The 7 Dryden NY Forward projects, totaling $4.5 million, include:
To receive funding from either the DRI or NY Forward program, localities must be certified under Governor Hochul's Pro-Housing Communities Program, which recognizes and rewards municipalities actively working to unlock their housing potential and encourages others to follow suit. After becoming certified, localities have exclusive access to up to $750 million in discretionary State funding, including DRI and NY Forward. Since the launch of the Pro-Housing Communities Program, funds awarded to Pro-Housing Communities throughout the state have supported up to 20,000 more homes. To date, more than 410 communities across New York have been certified, including the City of Binghamton, the Village of Bath and the Village of Dryden.
Many of the projects funded through the DRI and NY Forward support Governor Hochul's affordability agenda. The DRI has invested in the creation of more than 5,000 units of housing - more than 2,000 of which (40 percent) are affordable or workforce housing. The programs committed $9 million to 12 projects that provide affordable or free childcare and childcare worker training. The DRI and NY Forward have also invested in the creation of public parks, public art - such as murals and sculptures - and art, music and cultural venues that provide free outdoor recreation and entertainment opportunities.
New York Secretary of State Walter T. Mosley said, "Across the Southern Tier, these projects in Binghamton, Bath and Dryden reflect the power of local vision and collaboration to reimagine downtowns as vibrant, inclusive and economically resilient places. Through the Downtown Revitalization Initiative and NY Forward, we are investing in housing, small businesses, and public spaces that strengthen local economies and improve quality of life. We are proud to partner with these Southern Tier communities as they bring these transformative projects to life."
Empire State Development President, CEO, and Commissioner Hope Knight said, "New York's continued investment in these two programs will build on the historic and cultural assets in Binghamton, Bath and Dryden with strategic projects that will invigorate both local and regional economies. By supporting housing and small business growth, and reimagining arts and outdoor spaces, we are creating new opportunities in these communities throughout the Southern Tier."
New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, "Through the Downtown Revitalization Initiative and NY Forward, HCR is partnering with communities across the Southern Tier to transform locally driven visions into investments that strengthen neighborhoods, expand housing opportunities and support long-term economic growth. The $19 million awarded to Binghamton, Bath and Dryden will help create vibrant, walkable downtowns with new housing, revitalized commercial corridors, improved public spaces and expanded opportunities for small businesses, arts and community programming. By linking these investments to the Pro-Housing Communities Program, we are ensuring that revitalization efforts also advance housing supply and affordability. Together, these projects will help create stronger, more connected communities where residents, businesses and visitors can thrive for generations to come."
Southern Tier Regional Economic Development Council Co-Chairs Dr. Mary Bonderoff and Judy McKinney-Cherry said, "We are proud of the unmatched talent, infrastructure and outdoor beauty that draw people to live, work and innovate in the Southern Tier. Through Governor Hochul's leadership, the Downtown Revitalization Initiative and NY Forward programs are helping our communities continue to build on those unique qualities. These strategic projects will invigorate the city centers of Binghamton, Bath and Dryden and ensure that housing, entrepreneurship and economic opportunity are plentiful throughout the region, both now and for future generations."
State Senator Lea Webb said, "Congratulations to the City of Binghamton and the Town of Dryden for being awarded in this recent round of Downtown Revitalization Initiative and NY Forward funding. The City of Binghamton was selected to receive $10 million through the Downtown Revitalization Initiative to transform the Clinton Street corridor and create more critically needed housing. For NY Forward, the Town of Dryden received $4.5 million to upgrade vacant buildings, creating new community gathering places and space for new businesses. I am appreciative of this investment from the state in our Southern Tier communities and I look forward to these projects coming to fruition."
Assemblymember Donna Lupardo said, "I'm really impressed with the range of projects the City of Binghamton has come up with for the Clinton Street Business District. Together they represent a transformational vision that is also achievable. I can't wait to see this iconic Binghamton street continue to spring back to life. Congratulations also to the Villages of Bath and Dryden for equally impressive plans."
Assemblymember Pamela J. Hunter said, "These investments will help strengthen downtowns across the Southern Tier by supporting small businesses, expanding housing opportunities, improving public spaces, and creating communities where families and local economies can thrive. I'm proud to support initiatives that bring new energy and long-term opportunity to neighborhoods throughout New York State."
Assemblymember Anna Kelles said, "I was thrilled to learn of these projects and excited for all the creative and thoughtful initiatives the Village of Dryden is investing in with this NY Forward Grant award. These much-needed funds will play a key role in revitalizing the village's original business section on West Main Street, an area rich with history. By restoring and enhancing this district, the grant will not only preserve the village's heritage, but also foster economic growth by attracting new businesses and visitors to support a vibrant walkable downtown. Additionally, these improvements will foster a strong pedestrian-friendly hub, encouraging community engagement and making Dryden an even more welcoming place to live, work and explore. I want to thank Governor Hochul and the Regional Economic Development Council for committing to our growth and helping build our communities."
City of Binghamton Mayor Jared Kraham said, "Four years ago, when I walked the streets of the Clinton Street neighborhood, I saw a community brimming with potential. Today, that potential becomes reality. These DRI-funded projects represent exactly what we set out to do: bring new housing, vibrant storefronts and a renewed sense of pride to one of Binghamton's most historic and walkable corridors. I'm grateful to Governor Hochul for investing in our community's vision and visiting Clinton Street a short time ago to see the revitalization first hand. I'm proud that the fabric of Clinton Street - the longtime residents, the business owners, the families who built their lives here - will see what we always knew: Their neighborhood's time has come."
Village of Dryden Mayor Mike Murphy said, "Fantastic news! The village is finally moving forward with the revitalization of West Main Street, where many of the buildings date back to the 1800s and early 1900s. This revitalization will breathe new life into the entire village and help spark an exciting period of economic growth and community renewal. The NY Forward Grant is an amazing program, and we are grateful to everyone who worked so hard to secure this opportunity. Thank you to all the villagers, community leaders, and businesses who submitted applications and helped make this vision a reality. The future of our village is looking brighter than ever."
Village of Bath Mayor Mike Sweet said, "I would like to take this opportunity to extend my gratitude to New York State for making it possible to bring real, positive change to the Village of Bath. I am especially grateful for the dedication shown by the committee members, who invested countless hours into making these projects a reality. Congratulations to all the recipients-your hard work has truly paid off. Together, we have the power to make Bath an even better place to live, visit, and raise a family."
About the Downtown Revitalization Initiative
The Downtown Revitalization Initiative was created in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. Led by the Department of State with assistance from Empire State Development, Homes and Community Renewal and NYSERDA, the DRI represents an unprecedented and innovative "plan-then-act" strategy that couples strategic planning with immediate implementation and results in compact, walkable downtowns that 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. Through nine rounds, the DRI will have awarded a total of $1 billion to 101 communities across every region of the State.
About the NY Forward Program
First announced as part of the 2022 Budget, Governor Hochul created the NY Forward program to build on the momentum created by the DRI. The program works in concert with the DRI to accelerate and expand the revitalization of smaller and rural downtowns throughout the State so that all communities can benefit from the State's revitalization efforts, regardless of size, character, needs and challenges.
NY Forward communities are supported by a professional planning consultant and team of State agency experts led by DOS to develop a Strategic Investment Plan that includes a slate of transformative, complementary and readily implementable projects. NY Forward projects are appropriately scaled to the size of each community; projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that enhance specific cultural and historical qualities that define and distinguish the small-town charm that defines these municipalities. Through four rounds, the NY Forward program will have awarded a total of $400 million to 77 communities across every region of the State. The Governor has proposed another $100 million for the program in her 2026-2027 Executive Budget.