Two Downtown Malone Property Owners Receive $150,000 in NYS Main Street Funding
Funding secured by Franklin County Economic Development Corporation will help property owners renovate buildings for commercial and residential tenants.
Malone, NY – The Franklin County Economic Development Corporation (FCEDC) announced a total of $150,000 in funding assistance to two Main Street property owners. The funding will help these property owners renovate their buildings to secure commercial and residential tenants and contribute to the ongoing revitalization of Downtown Malone.
The Malone Village Core Revitalization Program is funded through New York Main Street funds awarded to FCEDC. The purpose of the funds is to help property owners on Main Street in downtown Malone renovate their buildings to improve use of the building and contribute to downtown revitalization. Funds can be used for façade renovations and interior commercial or residential renovations. Commercial projects can receive up to $50,000 and residential projects can receive up to $100,000.
FCEDC Chief Executive Officer Jeremy Evans said, “We are excited to award funds to support these owners with their transformative projects and appreciate their commitment to Downtown Malone. Flourishing downtowns are one our highest priorities and we look forward to partnering with additional downtown property owners who are ready to invest in Downtown Malone.”
Andrea Dumas, Mayor of the Village of Malone said, “The Village of Malone is excited to see two of our Main Street businesses moving forward with the New York Main Street program. We want to share our appreciation and a big thank you to FCEDC, for working through the process of working with our Main Street business to apply for the grant funds. We are looking forward to the continued growth of our Main Street and community.”
367 W Main Street, Malone
⟩ The old St. Lucia’s building was bought in early 2022
⟩ The property owner plans to renovate most of the building, including façade improvements and the creation of at least 2 residential and 2 commercial units.
470 E Main Street, Malone
⟩ The old Adirondack Hardware building was bought in 2021
⟩ The property owner is renovating the façade, which includes a new sign and restoring original, historic windows.
About the Franklin County Economic Development Corporation
FCEDC is a unifying economic development organization that helps entrepreneurs start and grow businesses, fosters a shop-local, community-first culture, and works to attract visitors with the hope they’ll become locals.