Assemblyman Brian Kolb (R,C,I –Canandaigua) today announced that $4.5 million in grant money has been awarded to the City of Geneva Central Business District Revitalization program and the Seneca Army Depot in Romulus. The money was awarded through the state’s Restore NY program, which aims to encourage economic development by providing municipalities with financial assistance.
“Investment in upstate communities is essential to helping revitalize our region’s lagging economy. I am pleased that we are providing state funding for important projects in our towns and villages. This will help provide the catalyst needed to bring back jobs and opportunities for businesses and residents. I will continue to work on behalf of our communities to obtain the necessary funding to revitalize our business districts,” said Assemblyman Kolb.
Geneva’s Central Business District Revitalization program has been awarded $2 million to help rehabilitate up to seven vacant and deteriorated structures in the Central Business District (CBD). There are 30 vacant storefronts in the CBD and the revitalization program is focused on rehabilitating 11 vacant storefronts and commercial spaces, which will be converted to 25 housing units.
The Seneca Army Depot in Romulus will receive $2.5 million for the redevelopment of three properties. Funds will be used to reconstruct a 40,000 sq. ft. manufacturing building for a start-up agribusiness, rehab a 400,000 sq. ft. industrial building for a crush/biodiesel manufacturing operation and provide infrastructure upgrades to support a 60 MGY ethanol plant. The funds are in addition to $178 million in total private investment.