The Downtown Grant Program has been developed to provide resources to stimulate investment and economic development through projects that align with the greater Downtown Revitalization Initiative vision.
This flexible funding mechanism enables property and businesses owners to make major renovations and restorations to existing retail, commercial, and residential properties Downtown. It strives to increase quality, year-round occupied housing stock by creating or converting vacant or underutilized upper story space into new residential units. Ultimately, a population of people living Downtown will help foster the revitalization of Downtown through increased spending that will come from increased foot-traffic and proximity to Downtown businesses.
All assistance provided by the DGP will be in the form of reimbursable grants.
Update (January 11th, 2018):
Thank you for all who attended our Nov 8th kick-off meetings!
The City is pleased to announce that we have received thirty-one (31) complete and eligible applications to the Downtown Grant Program requesting a total of ~$2.3 million in funding. Since this DRI project allocates $1 million in funding, the City's Grant Review Committee will now begin conducting their local review using the DGP scoring rubric to determine which projects will proceed to the City of Plattsburgh Common Council for approval.
Proposed projects include converting vacant units online for residential/commercial purposes, rehabilitating existing residential/commercial units, small business support, and facade projects.