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Governor Hochul Celebrates $40 Million U.S. Department of Commerce Grant to Boost New York’s Growing Semiconductor Sector

Federal Regional Technology and Innovation Hubs Grant Will Support Semiconductor Research, Manufacturing, and Workforce Development Along NY SMART I-Corridor Encompassing Buffalo, Syracuse and Rochester

Unlocks Additional $8 Million in State Funding To Grow New York’s Semiconductor Industry

Builds on Governor Hochul’s Commitment to Building 21st Century Economy in New York State; Continuing State's Transformation From Rust Belt to Innovation Belt

Governor Kathy Hochul today announced that the U.S. Department of Commerce has awarded a phase two Regional Technology and Innovation Hubs (Tech Hub) grant of $40 million to the New York Semiconductor Manufacturing and Research Technology Innovation Corridor (NY SMART-I Corridor) consortium. Over the next five years, the consortium will serve a critical role in supporting Upstate New York’s continued growth into a globally competitive center of semiconductor workforce development, innovation, and manufacturing – part of the continued transformation from rust belt to innovation belt. Empire State Development has committed up to $8 million in match funding along with significant additional aligned resources to support the NY SMART-I Corridor and will serve as a member of the Tech Hub’s implementation steering committee.

“With this transformative federal grant, New York is taking another major leap toward building Chips Country in our state,” Governor Hochul said. “This award will help to bring the next generation of semiconductor research, manufacturing, and workforce training upstate and unlock even more funding – on top of our other state investments – to attract chipmaking businesses and jobs. From Micron’s historic investment to our first-in-the-nation chips research center in Albany, New York is all in on semiconductors and I thank the Biden administration, Majority Leader Schumer, Senator Gillibrand, and Congressman Morelle for ensuring we remain competitive in the global race for chips business.”

The NY SMART-I Corridor was awarded one of 31 Tech Hub designations by the federal Department of Commerce’s Economic Development Administration (EDA) in October 2023 from a pool of nearly 400 regional applications, and is one of only four semiconductor tech hub designations in the nation. The consortium comprises the Western NY, Finger Lakes, and Central NY regions and is convened by the Buffalo-Niagara Partnership, ROC2025, and CenterState CEO respectively. It includes more than 80 members that include economic development organizations, government, workforce development, labor, industry, academia, and nonprofits. The Tech Hub will work to build a world-class semiconductor ecosystem across a range of focus areas including equitable workforce development and talent placement, research and commercialization pathways in partnership with leading academic institutions, chip manufacturing supply chain growth and development, and technology innovation. Managed by a multi-sector implementation governance committee, the consortium will serve as a key coordinating body for semiconductor industry growth alongside the Governor’s Office of Semiconductor Expansion, Management, and Integration housed within ESD.

Empire State Development President CEO and Commissioner Hope Knight said, “New York State’s efforts to re-shore the semiconductor industry in a way that emphasizes smart and strategic growth, equitable and diverse workforce development, and cutting-edge R&D and innovation are a model for the nation and the world. Funding for the Tech Hub provided by the Biden administration will help us realize this shared vision to build a thriving innovation sector, increase our domestic semiconductor supply chain, and protect our economic and national security – all while creating good jobs for all New Yorkers.”

Read the full press release here.