The village of Owego will get millions of dollars in state funds to help revitalize its downtown business district.

Governor Andrew Cuomo announced the award Thursday. The $10 million is being provided through an initiative designed to transform downtown areas into "vibrant neighborhoods."

Owego is expected to use the state assistance to attract new businesses to the village. The funds also are to be used to strengthen existing downtown businesses.

Owego was nominated by the Southern Tier Regional Economic Development Council following a review of proposals from area communities.

The Owego funding application describes the village as a "hidden jewel" as a riverfront community that serves as a gateway to the Finger Lakes, Ithaca and Watkins Glen regions.

The plan outlines a series of prospective projects that could receive a boost using the revitalization cash including the development of a Lake Street pedestrian mall and a river walk expansion.

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