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Owego, N.Y. gets $10 million in Southern Tier's Downtown Revitalization Initiative

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Staff Writer | August 25, 2018
Empire State   The Village of Owego

The Village of Owego will receive $10 million in funding as the Southern Tier winner of the third round of the New York's Downtown Revitalization Initiative.

As in the first two rounds of the DRI, one municipality from each of the state's 10 regional economic development regions is selected as a $10 million winner, marking another overall state goal to target $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods where the next generation of New Yorkers will want to live, work and raise a family.

The Village of Owego is a charming riverfront community that serves as a gateway to acclaimed institutions, attractions, and employers of the Finger Lakes and Southern Tier.

The village's compact and walkable downtown contains year-round amenities that contribute to a high quality of life, including parks, cultural attractions, a historic commercial district, and walking paths that connect to the river.

The Village will leverage DRI funds to build upon recent public and private investment in downtown buildings and infrastructure, growing employment opportunities and a strong tourist economy.

The DRI effort will boost the local economy by attracting new and strengthening existing business and skilled labor, enhancing cultural and recreational amenities, and addressing the demand for affordable and resilient housing for residents of all ages and income levels.

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