“Our partnership with the City of Oswego is helping bring these projects to life and drive the revitalization of the downtown business district,” said Alberto Bianchetti, National Grid’s Central New York Regional Director. “Through our Urban Revitalization Program, we will continue to work alongside community leaders to invest in projects that transform our communities and raise public awareness of all our region has to offer.”
Mayor Barlow noted that the project will improve existing public spaces and connect downtown to the riverfront while contributing to the area’s social, cultural and arts events. It will help draw more people to enjoy local businesses and the scenic views of the Oswego riverfront. Water Street Square will enliven the once dead-end space that detracted from the heart of the city into a vibrant area that will draw people to visit, shop and enjoy downtown.
The Market Street Pocket Park & River Walk Enhancement Project is part of a portfolio of projects awarded funding in 2016 through the City of Oswego’s $10 million Downtown Revitalization Initiative.
National Grid’s Urban Revitalization Program is designed to help metro centers meet their revitalization goals, increase their property tax base, and promote smart growth and sustainable investment in central business districts and commercial corridors located in the company’s upstate New York service area.
Since the start of the program in 2003, the company has completed 25 projects totaling $7.8 million, providing matching grants of up to $250,000 to local municipalities, development corporations, universities, and medical complexes undertaking major neighborhood revitalization projects.
The program is among a suite of National Grid Shovel Ready economic development incentives that are used extensively in communities across the company’s upstate New York service area. The company has funded 1,600 projects across upstate New York totaling more than $124 million in grant funding, creating or retaining an estimated 57,000 jobs since 2003.
For more information on the program and other eligibility requirements, please visit www.shovelready.com.