Governor Hochul Announces Lake George as $10 Million Seventh Round DRI Winner

December 27, 2023 - Governor Kathy Hochul today announced that Lake George will receive $10 million in funding as the Capital Region winner of the seventh round of the Downtown Revitalization Initiative. For Round 7, each of the state's 10 economic development regions are being awarded $10 million, to make for a total state commitment of $100 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods. With the Governor’s commitment this year of $100 million each for the Downtown Revitalization Initiative and NY Forward, the State has now invested a combined total of $1 billion in both programs since their inception.