Rescue plan

With funds from the American Rescue Plan Act, Mayor Walsh opens applications for Trade Corridor Improvement Funds – Our Town

Grant applications to support capital upgrades and corridor improvements will be accepted until June 15

Syracuse Mayor Ben Walsh today opened an eight-week application window for a new commercial corridor improvement program funded by the American Rescue Plan Act (ARPA). The fund, created by the Department of Neighborhood and Commercial Development and authorized by the Common Council of Syracuse, will foster new growth in the neighborhood’s commercial corridors, reactivate storefronts and support recovery from the impact of COVID-19.

“Investing in neighborhoods, children and families is an important part of our ARPA strategy. We are using pandemic relief in ways that will spur recovery and create lasting improvements in all parts of the city,” Mayor Walsh said. “I encourage businesses, nonprofits, and community organizations in the City of Syracuse to consider how they can use the Commercial Corridor Fund to create more vibrant neighborhood commercial corridors. We have set a two-month response time to give applicants time to develop creative and compelling proposals.

The Commercial Corridor Fund will provide grants to support the redevelopment and improvement of underutilized commercial and mixed-use properties, as well as quality of life and “catalytic” neighborhood development programs. The fund includes five categories of projects:

  • Tier 1 projects are those estimated to cost between $10,000 and $100,000 and include exterior improvements and/or facade improvements.
  • Tier 2 projects are those estimated to cost between $100,001 and $1,000,000 and include interior fit-outs to expand the existing business or accommodate a new tenant.
  • Tier 3 projects are those estimated to cost between $1,000,001 and $2,000,000 and include new construction or development, as well as major interior and exterior improvements.
  • Corridor quality of life improvements are those estimated to cost $2,000,000 and include new lighting, shared parking solutions, shared energy efficiency improvements, and pedestrian safety upgrades.
  • Neighborhood Catalyst projects are estimated to cost between $2,000,000 and $10,000,000. These large projects will include job creation requirements and must involve new construction or the adaptive reuse of a long-vacant structure.

Applicants can be for-profit and non-profit/501c3 or c4 organizations. All proposed project sites must be located within a qualified ARPA census tract (see map here).

Fund levels 1-3 target commercial properties, including mixed-use buildings with residential apartments, that contain a significant amount of vacant and underutilized space. “Significant vacancy” is defined as a minimum of 40% of the total square footage of the building.

Details about the program and the application process are available at http://www.syrgov.net/neighborhood_and_business_development. Applications will be accepted beginning Monday, April 18 and the deadline for submission is 5:00 p.m. Wednesday, June 15, 2022. Applicants may submit electronically to [email protected] or send applications to: City of Syracuse Department of Neighborhood & Business Development, 201 East Washington Street, Suite 612, Syracuse, NY 13202.