Governor Hochul, Senator Schumer and Micron CEO Sanjay Mehrotra at podium celebrating Micron's investment in New York State.

Micron in Central New York

Micron is investing $100 billion to establish the largest semiconductor manufacturing facility in the history of the United States in Central New York.

This transformative investment – the largest in New York history - has the potential to fundamentally reshape the economic trajectory of upstate New York. It will create over 50,000 new permanent jobs, and spur sustained growth not seen in Central New York since the 1950s.

Micron’s project comes with robust community investments and sustainability commitments to ensure that all New Yorkers benefit from this once-in-a-generation economic growth opportunity.

$100B

The largest private investment in NYS history

50k+

New, permanent New York jobs

1 in 4

U.S. made chips will be made in and around upstate New York

Micron's $100 billion investment in New York marks the start of something transformative in scale and possibility for our state's economic future.
Kathy Hochul, Governor

An Economic Game Changer

After a generation of decline, Central New York is poised for massive growth. 

The scale of Micron’s investment as a proportion of Central New York’s economy is nearly five times larger than any other large industrial development in the U.S. This investment will likely return the population of Syracuse to its 1970s levels at a growth rate not seen since the 1950s.

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84k+

increase in New York State population

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$9.6B

increase in real GDP annually

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$5.4B

in real disposable income for New Yorkers annually

Micron is Bringing Billions in Economic Impact to New York State

Read this helpful infographic breaking down the economic impacts of Micron’s investment.

Read an economic impact study by REMI, Inc.

Get a detailed report on the estimated economic impacts of Micron’s project.

Accessible Opportunities

Micron’s investment will bring tens of thousands of good paying, accessible jobs for New Yorkers.

When complete Micron will employ 9,000 people directly on site – which will support over 40,000 new permanent jobs. New York State and Micron are making ambitious investments to empower Central New Yorkers with the skills they need to take on good paying jobs in the semiconductor industry.

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60%

of semiconductor jobs don’t require a four-year degree

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25%

higher wages for semiconductor manufacturing compared to other industrial sectors

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5.5

new New York jobs created for every direct hire by Micron

Community & Sustainability Commitments

Micron’s investment comes with game changing commitments to Central New York communities and the environment.

Micron, in partnership with Empire State Development, will establish the $500 million Green CHIPS Community Fund to ensure that all Central New Yorkers benefit from the company’s investment. Micron will also implement a Green CHIPS Sustainability Plan designed to mitigate its greenhouse gas emissions and environmental impact, including utilizing 100% renewable energy, attaining LEED Gold status, and committing to greenhouse gas emission targets and reporting.

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$500M

Community Investment Fund created in partnership with ESD and Micron

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100%

Commitment to using carbon free electricity on-campus

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100%

Water reuse goal for Micron’s Central New York facility

Green CHIPS Community Investment Fund

Learn more about the $500 million Community Investment Fund program guidelines.

Micron Green CHIPS Sustainability Commitments

Learn more about how Green CHIPS will help make Micron’s megafab a model in sustainability.

An Unparalleled Return on Investment

New York is winning the global competition for chip industry investment and delivering for New Yorkers

Semiconductors are the building blocks of the 21st century global economy and competition for industry investment is fierce. New York's performance-based Green CHIPS incentives, the most ambitious in the nation, have positioned New York to win this competition and deliver unparalleled returns for New Yorkers.

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$10.7B

For local schools and other public services

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$16.7B

Annually in additional real economic output

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20:1

Total benefit-cost ratio under the performance-based Green CHIPS program

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SEMICONDUCTORS
Micron’s historic investment is a cornerstone of New York’s booming semiconductor ecosystem. By 2030, one in four American-made chips will be manufactured in and around upstate New York. No other region will account for a greater share of domestic production. Click here to find out how New York State has emerged as the leader of America’s semiconductor manufacturing resurgence.

Read the Draft Environmental Impact Statement

Read a detailed report on the potential environmental, social, and economic impacts of Micron’s investment.

View the Term Sheet

View the terms of the historic agreement between Micron and Empire State Development.

Read the Housing Study

Read a report from HR&A studying the housing impacts of Micron’s investment on the region.

For inquiries, please contact ESD's press office.