GOWANDA - A historical building in the village of Gowanda will receive more than $160,000 for restoration repairs. New York State Governor Andrew Cuomo announced Monday $22.3 million in grant funding to benefit 11 projects statewide - including the Hollywood Theater and Buffalo Streetscapes locally.
The Regional Economic Development Council award grants are approved by the Empire State Development's board of directors. This funding will create 300 new jobs and retain 3,500 existing jobs across seven regions.
"By funding these projects, we are attracting new businesses and supporting local economic development priorities in communities across the state," said Cuomo in a release. "Focusing on key industries like manufacturing, healthcare and tourism, these projects are creating jobs and leveraging millions of dollars in private sector investments. Today's announcement is a reminder that New York's economy is on the move, and this administration is actively working with local, federal, and private sector partners to keep that momentum going."
The Historic Hollywood Theater, Ltd., was constructed in 1926 and is 12,600 square feet. Closing in 1992, the theater once featured big band performances, vaudeville acts and reel movies. The total grant of $166,667 will be used for interior restoration costs. The project is consistent with REDC's Strategic Plan as it rehabilitates and preserves a historic building, increases tourism, creates jobs and spurs further economic development in Gowanda's downtown.
The funding will allow approximately 85 percent completion of the theater which is slated to re-open in November 2015 on a limited basis. Upon full restoration, the theater will preserve and enhance the village's historic district and serve as a catalyst for more economic development in adjacent areas. The theater will also provide employment opportunities to the area which has seen a decrease in employment over the past 10 years.
"Under the leadership of Governor Cuomo, we are making targeted investments that are supporting major economic development projects across New York state. From supporting municipal facility construction and expansion to advancing the manufacturing and health research industries, these projects are creating jobs and building a solid foundation for future growth," said Kenneth Adams, ESD president, CEO and commissioner.
Other projects receiving funding include Kawasaki Rail Car in Westchester County, J.M. Haley in Suffolk County, Trinity Alliance of the Capital Region, Inc., in Albany County, Jefferson County Watertown International Airport in Jefferson County, St. Joseph's Hospital Health Center in Onondaga County, Marist College Capital in Dutchess County, Clayton Harbor Hotel in Jefferson County, Midtown Tower Rochester in Monroe County and the Health Sciences Center for Computational Innovation in Monroe County.
Representatives from the Hollywood Theater were unable to be reached Monday.
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