NY Governor Kathy Hochul Announces $10 Million Investment in East Buffalo Revitalization
Forbes Breaking NewsJune 7, 202533 min256 views
35 connections·40 entities in this video→Commitment to East Buffalo
- 🗽 Governor Kathy Hochul, a Buffalo native, reaffirms her commitment to revitalizing East Buffalo, emphasizing the need for resources and support.
- 💔 She acknowledges the painful anniversary of the mass killings and dedicates efforts to healing and remembrance, supporting the 914 Memorial Commission.
- 🤝 Hochul highlights the collaborative effort between state and local leaders, including Majority Leader Crystal Peoples Stokes and Senator April Baskin, to bring resources to Buffalo.
Economic Revitalization Investments
- 💰 Over the past three years, more than $50 million has been invested in East Buffalo, with a significant portion dedicated to housing assistance, down payment programs, and foreclosure prevention.
- 🏗️ The state has successfully revitalized over 60 commercial mixed-use buildings, focusing on restoring historic landmarks and commercial districts like the Michigan Street African-American Heritage Corridor and Broadway Fillmore.
- 📈 A new $10 million East Side Building Fund is being launched to streamline neighborhood improvements and expedite funding into the community.
Supporting Local Businesses and Entrepreneurs
- ☕ Larry Stitz of Golden Cup Coffee shares his experience receiving $50,000 from the Commercial Building Stabilization Fund and $73,000 for flooring, enabling business expansion.
- 🌟 The East Side Building Fund aims to support projects of all sizes, from storefront renovations to larger rehabilitation projects, with over $70 million committed in total for East Buffalo.
- 🏢 Senator April Baskin praises Governor Hochul's commitment to addressing decades of disinvestment in East Buffalo and highlights the importance of supporting black neighborhoods and commercial strips.
Community Resilience and Future Outlook
- 🏘️ Investments are focused on maintaining the character and vibrancy of historic neighborhoods, with a goal of restoring landmarks and bringing areas back from decline.
- 💪 Governor Hochul expresses pride in Buffalo's resilience and unbreakable spirit, vowing to continue investing in the community's future.
- 🏈 The speech concludes with a hopeful note, referencing the Buffalo Bills and the community's enduring spirit and commitment to rising to its grandeur and glory.
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East BuffaloEconomic RevitalizationHousing AssistanceCommercial RevitalizationSmall Business SupportCommunity DevelopmentNew York State BudgetGun Violence PreventionHistoric PreservationEntrepreneurshipBlack-Owned BusinessesState Investment
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