City Of Syracuse: With Funds From The American Rescue Plan Act, Mayor Walsh Opens Applications For Commercial Corridor Improvement Fund

Syracuse NY

19 April, 2022

1:26 PM

Description

Press release from the City of Syracuse: April 18, 2022 Syracuse Mayor Ben Walsh today opened an eight week application window for a new Commercial Corridor Improvement program funded by the American Rescue Plan Act (ARPA). The fund, created by the Department of Neighborhood and Business Development and authorized by the Syracuse Common Council, will foster new growth in neighborhood business corridors, reactivate storefronts and support recovery from the impact of COVID-19. "Investing in neighborhoods, children and families is an important component of our ARPA strategy. We are using pandemic relief in ways that stimulate recovery and create lasting improvements in all parts of the city," said Mayor Walsh. "I encourage City of Syracuse businesses, non-profits and community organizations to consider how they can use the Commercial Corridor Fund to create more vibrant neighborhood business corridors. We've set a two month response period to give applicants time to develop creative and compelling proposals." The Commercial Corridor Fund will provide grants to support the redevelopment and improvement of underutilized commercial and mixed-use properties, and for quality of life and "catalytic" neighborhood development programs. The fund has five project categories: Applicants can be for-profit and nonprofit/501c3 or c4 organizations. All proposed project sites must be located within a qualified ARPA census tract (see map here). Fund levels 1-3 target commercial-use properties, including mixed-use buildings with residential apartments, that contain a significant portion of vacant and underutilized space. "Significant vacancy" is defined as a minimum of 40% of the total square footage of the building. Details on the program and the application process can be found at http://www.syrgov.net/neighborhood_and_business_development. Applications will be accepted beginning Monday, April 18, and the deadline for submissions will be 5 p.m. on Wednesday, June 15. 2022. Applicants can submit electronically to [email protected] or send applications to: City of Syracuse Department of Neighborhood & Business Development, 201 East Washington Street, Suite 612, Syracuse, NY 13202. This press release was produced by the City of Syracuse. The views expressed here are the author's own.