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Governor Hochul Announces Nearly $90 Million Awarded Across The State Through Fast Ny Program To Development Shovel-Ready Sites

Second Round of Awards Will Create Jobs and Help Attract and Expand Key New York State Growth Industries

Governor Kathy Hochul today announced that nearly $90 million has been awarded for six locations under the Focused Attraction of Shovel-Ready Tracts New York 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.

“Through the FAST NY grant program, New York is continuing its commitment to investing in and expanding economic growth and opportunity across the state,” Governor Hochul said. “This funding will prepare shovel-ready sites that key industries like semiconductors and renewable energy are looking for and will create good jobs and grow local economies for generations to come.”

Empire State Development President, CEO and Commissioner Hope Knight said, "New York State is taking proactive steps to ensure that we are at the top of the list when companies are starting the site selection process and Fast NY allows municipalities and IDAs to have the support they need to develop sites around specific industries such as advanced manufacturing, semiconductors, renewable energy, life science and agribusiness. Through programs like FAST NY we are ensuring New York State remains a top destination for relocation and expansion."

Read the full press release here.