Awardees Include Sites in Broome, Chemung, Clinton, Fulton, Niagara, Oneida, and Orange Counties 

More Than $175 Million in FAST NY Grants Awarded to Date to Create High-Paying, 21st Century Jobs by Attracting and Expanding Businesses in Advanced Manufacturing and Other Key Growth Industries   

Governor Hochul Proposed $100 Million Expansion of FAST NY as Part of FY 2025 Executive Budget  

Governor Kathy Hochul today announced that more than $45 million has been awarded to improve seven locations under the Focused Attraction of Shovel-Ready Tracts New York grant program. First announced in February 2022, FAST NY 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. Since its inception, FAST NY has awarded more than $175 million to 20 sites in every region Upstate. Additionally, Governor Hochul has proposed an additional $100 million in the FY2025 Executive Budget to expand the FAST NY program and build on its success in preparing sites across the state for shovel readiness. 

“From the Hudson Valley to the Southern Tier, these FAST NY investments are helping to unlock economic opportunity all across our state,” Governor Hochul said. “Businesses of the future are flocking to New York because of our top-notch workforce, our thoughtful incentives, and our turnkey, shovel-ready sites, and I am committed to working with the Legislature to bring in even more 21st century employers and grow the jobs of tomorrow in our state.” 

Empire State Development President, CEO and Commissioner Hope Knight said, “New York State is focused on being the first place companies think of when looking for the best place to locate their business. FAST NY gives municipalities and IDAs the right tools to develop sites around specific industries such as advanced manufacturing, semiconductors, renewable energy, life science and agribusiness.”

Investments in shovel-readiness have attracted major employers to New York State, including the Coca-Cola Company, which is building a $650 million fairlife production facility at 1900 Tebor Road in Webster, Monroe County – a FAST NY Round One awardee. Round Three awards continue to develop sites for semiconductor industry attraction as well as complement the U.S. National Science Foundation’s designation of the New Energy New York (NENY) Storage Engine, anchored by Binghamton University, as a Regional Innovation Engine (NSF Engine). Together, these investments have established the Southern Tier Region as national hub for the growing energy storage industry.

Read the full press release here.