The partnership will maximize social and economic impact in three Western New York cities by co-investing in projects and programs aimed at improving economic conditions to benefit these communities’ residents and businesses. It builds upon and accelerates collaborative, community-driven bodies of work that are already underway.
New York State will commit $200 million; Ralph C. Wilson, Jr. Foundation, along with other philanthropic and corporate partners will commit $81 million; and the remaining $19 million will come from each city’s local government.
The three pillars of the program are:
- Fostering small businesses, by providing programs to help improve and grow these enterprises, especially those owned by women and people of color, which expand choices for goods/services to these neighborhoods, revenue/income for community members, and job opportunities;
- Investing in placemaking, by funding improvements to local business districts, rebuilding community anchors and revitalizing neighborhoods; and;
- Preparing our workforce, by enhancing local residents’ skills and improving their access to opportunities for good-paying jobs.
Funded Projects and Programs
- A combined $180 million effort in Buffalo focusing on an expansion of projects and programs being conducted in historic East Buffalo, including more than $60 million for the Buffalo Central Terminal and its CTRC steward organization; $37 million for Broadway Market capital improvements and to set up a not-for-profit operating entity; major investments in the Michigan Street African American Heritage Corridor and to restore historic greenhouses at Martin Luther King, Jr. Park.
- A combined $40 million effort in Niagara Falls will supplement initial funding growing out of the ESD/City 2021 planning efforts, including a $19 million program focused on food entrepreneurship anchored around that city’s historic City Market area along Pine Avenue; a $15 million program to restore, highlight and promote various heritage and community anchor facilities; and $5M of small business assistance programs in the aforementioned commercial district target areas.
- A combined $80 million effort in Rochester, which could include major additional investments in that city’s ongoing waterfront efforts, such as ROC the Riverway and High Falls State Park; further support/expansion of a multi-faceted workforce training programs/facilities; and targeted small business assistance along commercial corridors in that city’s most disadvantaged neighborhoods.