AMSTERDAM — Lt. Gov. Kathy Hochul is scheduled to make an announcement Thursday at 1 p.m. at Riverlink Park regarding the city's $10 million Downtown Revitalization Grant.
Amsterdam was announced as the winner of the third annual Mohawk Valley Regional Economic Development Council DRI grant last September. The purpose of the grant is to provide funding for economic development projects aimed at stimulating the economy of the city.
After the DRI grant was announced, Amsterdam officials formed a Local Planning Committee that conducted a series of public workshops to help narrow the list of economic development projects that the city would submit to New York state for possible funding through the DRI grant.
In March, Amsterdam put forward 20 potential projects for funding through the DRI grant. Some of the projects included: a $5.3 million pedestrian walkway connector from the Mohawk Valley Gateway Overlook bridge to Main Street; a $6 million community recreation center and a $4.3 million business incubator and STEM education center for the Amsterdam Free Library.
Hochul, who is the chairwoman of New York state's Regional Economic Development Councils, is expected to announce which projects will receive funding through the grant.
The event is open to the public, with the doors opening at 12:45 p.m.