SMALL BUSINESS
Small Business with a focus on those owned by women and people of color.
The Regional Revitalization Partnership is a comprehensive community-driven economic development strategy developed in 2021 by a team led by the University at Buffalo Regional Institute (UBRI), a research center of the University at Buffalo School of Architecture and Planning.
This strategy was made possible by the investment, leadership, and support of the Ralph C. Wilson, Jr. Foundation and in collaboration with the Office of Governor Kathy Hochul, Empire State Development, and the cities of Buffalo, Niagara Falls, and Rochester.
The RRP takes a public-private approach that will maximize impact and leverage additional investment for Buffalo’s East Side and the urban cores of Rochester and Niagara Falls. The RRP’s $300 million investment in these three interconnected areas will catalyze economic growth for the entire region.
This holistic economic development strategy can demonstrate how NYS’s partnership with cities as well as private/philanthropic sectors can drive catalytic initiatives that help disadvantaged communities and lay the foundation for a decade of inclusive recovery.
The effort has garnered broad regional support, initially led by the Ralph C. Wilson, Jr. Foundation and their pledge of $67 million of matching funds.
This strategy will serve as a pilot program that could be rolled out to the rest of New York State and has the potential to become an unprecedented and innovative national model for community and economic revitalization.
The RRP was designed through interactive and ongoing community and stakeholder input and engagement. Increased capacity and sustainability of community-based organizations ensures that programs directly engage with community members. Strong local intermediaries connect the dots while assessing, problem solving and ensuring resources are getting to the community.
A similar public engagement process will take place in Rochester.
Small Business with a focus on those owned by women and people of color.
Placemaking to regenerate commercial corridors and waterfronts, rebuild community anchors and revitalize neighborhoods.
Workforce investments to enhance residents’ skills and increase access to good paying jobs for everyone.
Community Wealth Building Emerges Through Targeted Investment in:
NEW PATHS TO BUILD ECONOMIC PROSPERITY: Invest in building the small business ecosystem to ensure supplier diversity, entrepreneurial growth for MWBEs and workforce development that connects people to good-paying jobs.
BUILD CAPACITY AND SCALE UP SUCCESS: Strengthen core existing nonprofits through capacity-building programs, leverage recent investments and enhance successful programs to build more community wealth.
TRANSFORMATIVE COMMUNITY ANCHORS AND HERITAGE AREAS: Invest in iconic, catalytic large-scale community anchors and unique historic assets/areas.
Strengthen the small business ecosystem by funding commercial building enhancements and stabilization and partnering with CDFIs and BSOs.
Re-establish the Market as a viable and vibrant public shopping hub and attractive regional destination.
Plan for the future of the site and create a robust organization to guide capital improvements with the goals to eventually reuse the entire complex and better connect it to the Broadway Fillmore neighborhood.
Create a cooperative operating/business model and plan for and implement capital improvements for a unified tourist destination around Michigan Street’s unique assets.
Fully restore the historic MLK Park greenhouses and ensure the space will house educational and workforce development opportunities in horticulture and park management.
Provide training and job placement for under- and unemployed residents, with an emphasis on communities of color, while growing WNY’s and the state’s clean energy resources.
Maximize the growth and connectivity of agriculture and tourism through intentional partnerships, entrepreneurship, and the built environment.
Strengthen and reinforce connections to the waterfront, optimize tourism and the future built environment, and facilitate growth and expansion of key community assets.
Generate stability and growth for small business owners through commercial building improvements that help create attractive, safe, accessible commercial corridors.
Revitalize commercial corridors through neighborhood economic development and by supporting emerging, diverse local city entrepreneurs.
Improve and enhance Rochester’s waterfront in order to attract visitors, businesses and the next gen workforce.
Invest in programs that train underserved populations and connect them to in-demand high-tech and higher-paying employment opportunities.
Work to connect dots between programs, the community, key stakeholders and funders. Build capacity of community-based organizations that serve as RRP implementation partners with support on community engagement, project management, research, implementation, communications and evaluation.
Read more about the RRP and about some of the transformational projects that are being funded.