Announcement Made in Mohawk Valley Highlights $14 Million to Mohawk Valley Edge to Support Semiconductor Supply Chain Attraction
First Round of Awards Will Create Jobs and Help Attract and Expand Key New York State Growth Industries
Governor Kathy Hochul today announced that $39.6 million has been awarded for seven locations under the Focused Attraction of Shovel-Ready Tracts New York (FAST NY) grant program. First announced in February 2022, the program is designed to prepare and develop sites across the state to jumpstart New York’s shovel-readiness and increase its attractiveness to large employers and high-tech manufacturing companies. The program, administered by Empire State Development, will help diversify New York State’s economy while propelling new investments for businesses, communities, and job creation.
“With our highly skilled workforce and commitment to emerging industries, New York is ready to welcome companies to our state while supporting those who have already invested in our communities,” Governor Hochul said. “This funding from the FAST NY program will prepare seven shovel-ready sites around the state that will one day house the industries of the future – from renewable energy to high-tech manufacturing. Through investments like this, New York State is attracting elite companies that will create good jobs and power our local economies for generations to come.”
Empire State Development President, CEO and Commissioner Hope Knight said," We know that having a prepared and ready-to-build location was one of the many reasons why companies like Wolfspeed, Micron and fairlife chose to build and grow in New York State. Fast NY is creating more locations for industries to chose from and making New York State a top destination for relocation and expansion."