East Side Corridor Economic Development Fund
ESD led community meetings on each of the four corridors – Michigan, Jefferson, Fillmore and Bailey avenues – during summer 2018.
This $65 million fund is dedicated to the revitalization of Buffalo’s East Side through capital investments along four commercial corridors. East Side Avenues is a fund created by local foundations and corporations that provides capacity building and organizational support to complement the capital investments.
Among the projects and initiatives receiving Buffalo Billion funds are:
Programs
- East Side Commercial Districts Program
- Community-Based Real Estate Development Training Program
- Buffalo Neighborhood Stabilization Fund
- Commercial Building Stabilization Fund
Anchors & Assets
- Learn more about the East Side Anchors and Assets - like the Broadway Market, Central Terminal Restoration, Community Solar Array at Northland, Michigan Street African American Heritage Corridor and MLK Park District - here.
Infrastructure & Direct Project Assistance
The East Side has lagged behind the rest of the City during Buffalo’s revitalization. Through the establishment of program goals, an analysis of economic and land use data, a look at past investments, and in-depth stakeholder engagement, ESD has established a portfolio of catalytic projects aimed at improving economic conditions on Buffalo’s East Side. Working with other public and private funders, the Fund seeks to create a holistic and sustainable approach to revitalization and a unifying voice for the community. This Fund compliments New York State’s previously announced investments on the East Side for overall state investments of more than $237 million since 2011.
- Read the East Side Corridor Economic Development Fund Report.
- Read a February 2020 update on the East Side Corridor Economic Development Fund.
- East Side Avenues - East Side Avenues is a unique public/private partnership that is supported by an $8 million East Side Collaborative Fund which provides capital and organizational support to transformational projects in targeted areas along four East Side commercial corridors. It is providing capacity building, funding and organizational support to complement New York State’s five specific initiatives along Bailey, Fillmore, Jefferson and Michigan avenues. Visit the East Side Avenues website.
- Read the East Side Avenues 2019-2020 Annual Report.
March 2020 – Empire State Development Announces Launch of Initiative to Revitalize Iconic Broadway Market
January 2020 - ESD Announces Applications Being Accepted for New Community-Based Real Estate Development Training Program on Buffalo's East Side
October 2019 - Empire State Development Announces East Side Commercial District Program Information Sessions
October 2019 - Governor Cuomo Announces Expansion of Mandela Market on Buffalo's East Side
September 2019 - Empire State Development Board Meets and Approves Buffalo's East Side Commercial District Program
April 2018 - Governor Cuomo Announces $5 Million Investment Marking Major Milestone at Buffalo's Historic Central Terminal
July 2017 - Governor Cuomo Announces First Phase of New $10 Million Buffalo Neighborhood Stabilization Initiative
June 2017 - ESD and the City of Buffalo Announce Major Step Forward for the Central Terminal
June 2017 - Urban Land Institute Concludes Week-Long Reuse Analysis of Buffalo's Central Terminal