Peekskill receives Economic Revitalization Grant
The college’s Peekskill Extension Center is pleased to a part of the Peekskill community at this exciting time and would like to help spread the news about the new economic development grant that the city has received. The Center serves Northern Westchester and Putnam County students at the Peekskill location and looks forward to supporting the development of future benefits for our students.
$10 Million Revitalization Grant A Game-Changer for Peekskill
In what is a bold and game-changing development for the City of Peekskill, Governor Andrew M. Cuomo has announced that Peekskill will receive $10 million in funding as the Mid-Hudson winner of the fourth round of the Downtown Revitalization Initiative (DRI).
The governor’s announcement was made before a standing-room-only audience at the Hudson Room restaurant in August 2019. Among those joining Gov. Cuomo for this historic announcement was Peekskill Mayor Andre Rainey, Westchester County Executive George Latimer, and Marsha Gordon, The Business Council of Westchester President and CEO, who is also a member of the Mid-Hudson Regional Economic Development Council.
“With the downtown revitalization initiative, we challenged local governments to propose innovative ideas to create jobs and drive economic growth,” Governor Cuomo said. “Peekskill proposed a brilliant plan that builds on their natural resources including the beautiful waterfront – a magnet that draws people and businesses to the area. And they demonstrated they have the secret ingredient: the capacity to actually get it done. This investment will help Peekskill utilize these assets to maximize their full potential.”
“Thanks to Governor Cuomo’s Downtown Revitalization Initiative, our city has an opportunity to build on what we’ve accomplished and forge a great new future for our community. This investment will create lasting improvements that will attract more residents, prompt businesses to invest here and entice visitors to see what we have to offer,” said Peekskill Mayor Rainey.
Peekskill now joins the cities of Middletown, Kingston and New Rochelle, which were the Mid-Hudson winners in the first three DRI rounds, respectively. Peekskill will now begin the process of developing a Strategic Investment Plan to revitalize its downtown with up to $300,000 in planning funds from the $10 million DRI grant.