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Niagara County Receives $29 Million for Downtown Revitalization

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  Published in Business and Finance on Monday, January 12th 2026 at 13:26 GMT by Buffalo News

Niagara Falls, NY - January 12th, 2026 - Niagara County is on the cusp of a significant economic transformation thanks to a $29 million grant awarded through New York State's Downtown Revitalization Initiative (DRI). The announcement, made Friday by County Executive Rick Ferrandino, signals a crucial step towards addressing long-standing challenges and fostering growth in some of the county's most economically distressed areas.

The Downtown Revitalization Initiative, established in 2015, has already distributed over $1 billion across the state, providing vital funding for downtown revitalization projects. This latest round saw $150 million allocated to nine upstate cities and towns, with Niagara County receiving a substantial portion. The grant represents a targeted investment in infrastructure, environmental remediation, and developer incentives designed to breathe new life into struggling communities.

Focus on Niagara Falls and Lockport - with Potential for Expansion

While the initial focus will be directed towards the cities of Niagara Falls and Lockport, County officials emphasized that other regions within Niagara County could benefit as the revitalization plan unfolds. This phased approach allows for assessment of impact and refinement of strategies as the program progresses.

"This is a transformational moment for Niagara County," stated County Executive Ferrandino. "These funds will allow us to address long-standing issues that have held back our communities and create opportunities for growth."

Jennifer McNamara, Deputy County Executive, elaborated on the selection criteria for prioritizing projects, stating that areas with a confluence of blight, economic hardship, and demonstrable potential for growth will receive initial attention. This strategic targeting aims to maximize the impact of the grant and ensure resources are directed where they are most needed.

Potential Project Focus Areas

Specific projects being considered for funding include:

• Niagara Falls River Corridor & Schoellkopf Power Site: The grant could be instrumental in supporting development initiatives along the Niagara River, particularly regarding the remediation and potential redevelopment of the historically significant Schoellkopf Power Site. This area presents a unique opportunity for tourism and economic development.
• Lockport Downtown & Erie Canal Access: Revitalization efforts in Lockport will likely focus on improving the downtown area and enhancing accessibility to the iconic Erie Canal. This aims to draw visitors and spur local business growth.

Community Input and Detailed Planning

Recognizing the importance of local expertise and community ownership, the county plans to engage with local stakeholders to develop a comprehensive and detailed plan outlining how the funds will be utilized. This plan will be meticulously reviewed and ultimately approved by the state, ensuring alignment with DRI objectives and responsible financial management.

"We want to ensure that these funds are used effectively to achieve our goals," Ferrandino emphasized. This commitment to transparency and collaborative planning underscores the county's dedication to maximizing the impact of the grant and fostering lasting positive change.

Economic Benefits and Future Outlook

Beyond the immediate physical improvements, the revitalization initiative is projected to generate significant economic benefits for Niagara County. The influx of investment is expected to create new job opportunities, attract new businesses, and ultimately boost the county's tax base. The grant is viewed as a critical investment in Niagara County's future, laying the groundwork for a stronger and more vibrant local economy. The county's leadership expresses confidence that the DRI funding will contribute to a brighter and more prosperous future for all residents.