DRI 2024
The City of Utica is intending to apply for a second Downtown Revitalization Initiative (DRI). If successful, $10 million in State funds will be awarded to the City to assist approved projects within the DRI boundaries.
The current DRI focuses on the heart of downtown and includes both sides of Genesee Street between Oriskany Boulevard and Oneida Square. Awarded in 2019, the majority of projects funded in that round have either been completed or are in the process of being completed.
The focus of the City’s second DRI application is the Bagg’s Square West neighborhood, extending into portions of the Harbor, North Genesee Street and Bagg’s Square East. Below is a map of the proposed boundaries.
Of the potential for a second DRI award, Mayor Galime stated, “I believe that the City is well-positioned to quickly implement a second Downtown Revitalization Initiative. Given the significant investment to date, particularly in the Bagg’s Square West neighborhood, much of the historic building fabric has been renovated and is available to be occupied by local and regional businesses looking to expand in Utica. My vision for this second DRI is to assist those businesses in the fit-out of that raw space, supporting small business innovation that in turn becomes a further catalyst for growth, job creation and economic activity. Input from stakeholders and the general public are crucial to ensuring the city’s success in securing a second such award.”
Additionally, Mayor Galime issued an open call for projects, “If you own a business or a property in or around the proposed boundaries and you have a project that could benefit from State investment through the DRI, please contact Commissioner Thomas at the Department of Urban & Economic Development (bthomas@cityofutica.com) to ensure that your project is included in the city’s application.”
The State’s deadline for submission of the DRI application is October 18th. Announcements regarding awards are expected in late 2024 or early 2025.
Please click on the link below to participate in a brief survey that will help the City craft a successful application.