Batavia will receive $10 million as the Finger Lakes region winner of the state's Downtown Revitalization Initiative.
The Genesee County city envisions the funding as a way to leverage larger private investment to continue existing projects and start new ones.
"This $10 million award will help attract jobs, spur private investment and transform Batavia's downtown into a vibrant, diverse and economically active business and cultural center," Gov. Andrew M. Cuomo said in a statement Friday.
The money comes at a time when Batavia is on the edge of major economic development and growth, according to Eugene Jankowski Jr., president of the City Council.
"The award will propel our efforts forward as our community continues to work together to strengthen and grow downtown. There's no doubt that jobs and private sector development will follow this investment," he said in a statement.
The announcement came in the second round of the state's initiative, which chooses one municipality from each of 10 economic development regions to receive $10 million to boost their economy.
Officials said Batavia will use $300,000 by early next year, to develop a plan for how to spend the money. It's hoped projects will address blight, create jobs in certain industries, attract businesses downtown, strengthen the arts scene and more.
"The City of Batavia presented a very solid, collaborative, community based plan that focuses on smart, public-private investments," Empire State Development President Howard Zemsky said in a statement.