Syracuse Business Development highlights $15M project and new small business initiatives

During the recent Department of Neighborhood & Business Development (NBD) budget hearing held on April 16, 2025, in Syracuse, significant discussions centered around funding allocations and initiatives aimed at enhancing community development and business support.

A key highlight of the meeting was the announcement of millions of dollars allocated for sidewalk upgrades, particularly in areas like North State Street and Court Street. This investment aims to improve infrastructure and enhance the overall aesthetic of these neighborhoods, addressing community concerns about safety and accessibility.

The budget for 2025 reflects an increase of approximately $257,000 from the previous year, with a notable portion dedicated to climate initiatives and professional services. This includes funding for salaries and fringe benefits for NBD employees, which are now directly included in the budget, ensuring that the department can effectively support its growing responsibilities.

Eric Ennis, Deputy Commissioner of Business Development, outlined the department's four main pillars: technical assistance for entrepreneurs, real estate development, strategic planning, and community wealth building. A significant development is the partnership with the North Central Small Business Development Center, which provides direct support to local entrepreneurs. This initiative has already proven beneficial, with over 2,500 clients served and substantial debt consolidation achieved.

The meeting also emphasized the importance of real estate development, with record-breaking construction activity reported in Syracuse. Ennis noted that the city is experiencing unprecedented growth, and efforts are being made to streamline the permitting process to facilitate this development. The introduction of outside plan reviewers aims to alleviate bottlenecks in the approval process, ensuring that projects can move forward efficiently.

Several exciting projects were highlighted, including a $15 million investment by New York Bus Sales, which is expected to create 100 new jobs in the city. Additionally, the Chimes Building project will provide 152 units of mixed-income housing in downtown Syracuse, addressing the urgent need for affordable housing.

The NBD is also actively working to revitalize storefronts in the city, with successful initiatives to activate previously vacant spaces. This includes the opening of new businesses like Crooked Cattle and The Wedge, which contribute to the vibrancy of local neighborhoods.

In conclusion, the budget hearing underscored the NBD's commitment to fostering economic growth and community development in Syracuse. With strategic investments and partnerships, the department aims to enhance the quality of life for residents while supporting local businesses and addressing pressing community needs.