The Village of Montgomery was awarded $4.5 million in funding as one of the Mid-Hudson region’s winners of the second round of NY Forward.

Launched in 2022, New York State's NY Forward program builds on the success of the Downtown Revitalization Initiative (DRI) program. NY Forward focuses on invigorating and revitalizing downtowns in smaller and rural communities—villages, hamlets, and other small, neighborhood-scale municipal centers. The State has allocated $100 million for the second round of NY Forward. Each of the State's ten Regional Economic Development Councils (REDCs) selected two communities per region to receive $4.5 million, bringing the total amount of funding allocated for all rounds of DRI and NY Forward to $1 billion.