The village of Newark recently advanced to the next round of Gov. Andrew Cuomo’s Downtown Revitalization Initiative, a statewide competition in which one winner in each of the state’s 10 regional economic development councils will receive $10 million for local development.
The village of Newark submitted an application titled “A Village for All Seasons,” and was notified by a Empire State Development representative that it was a finalist for the Finger Lakes region. The village will make a formal presentation on June 20 to the selection committee. Winners are announced later this summer.
“We expect the competition to be fierce,” Mayor Jonathan Taylor said. “This funding would be of critical importance to Newark, allowing us to create a foundation for future development that we can build on.”
Each applicant must show the community’s preparedness to implement projects and an administrative capacity to see them through to completion. They must demonstrate the community’s vision, goals and strategies to implement various projects that will generate local development, generate employment and strengthen the economy.
“The village of Newark has a long history of working well with developers,” Taylor said. “By targeting downtown areas for mixed residential and commercial development, we hope to create a stronger sense of community that better supports business and growth.”
The village’s submission outlined the Erie Canal in the heart of downtown while identifying aspects of recent infrastructure investment, including upgrades to the wastewater treatment plant, a new water treatment plant design and reconstruction of South Main Street.
The application highlighted IEC Electronics’ decision to remain in the area, even building a new facility. Proposed catalytic projects include development projects for the former Sarah Coventry Factory, Canal Path and the redevelopment of Lake Street.
“This is exciting news for the village of Newark,” said State Sen. Pam Helming, R-54th District. “It shows how much hard work Mayor Jonathan Taylor and so many other people in the community have put in to make this opportunity come closer to fruition. I have been proud to partner with Mayor Taylor and the village in the past, including securing grant funding for the water treatment plant project. I look forward to seeing their final plans.”
“Newark is experiencing so much positive momentum that it is no surprise the village is a regional finalist for the DRI competition,” said Assemblyman Bob Oaks, R-130th District. “Mayor Taylor and other village leaders have put together a forward-thinking plan that supports continued, meaningful community growth.”
“The excitement is building as the village of Newark has a unique and wonderful opportunity to obtain $10 million in funding through Gov. Cuomo’s Downtown Revitalization Initiative,” said Steven LeRoy, chairman of the Wayne County board of supervisors. “Funds will be used to improve the downtown neighborhood and add to the overall quality of living in Wayne County. If awarded, Downtown Revitalization Initiative funds will advance the community’s vision for revitalization. The village of Newark, as the Finger Lakes regional finalist for DRI funding, is prepared to begin projects that will increase employment and strengthen the economy both in the village and our county.”
“This application, as well as the process as a whole, represents a great deal of hard work by our dedicated staff and community volunteers, which I am so very appreciative of,” Taylor said. “It’s more than an application — it’s a plan for long-term economic sustainability for the village of Newark.”