Establishing a Green CHIPS Community Investment Fund

ESD and Micron will establish a $500 million Green CHIPS Community Investment Fund over 20 years, with Micron contributing at least $250 million, NYS contributing $100 million, and the remaining funding being raised from local, statewide and national partners. Funding will be provided to the Central NY community in four categories of spending: Workforce Development, Education, Community Assets and Organizations, and Affordable Housing.

A Community Engagement Committee will work with ESD and Micron to identify and recommend projects to be funded by a Green CHIPS Community Investment Fund. The Committee will also support ongoing community engagement and support implementation of Micron’s overall Community Investment Framework with ESD.

Commitments to Diverse Business Contracting and Utilization

Micron will use good faith efforts to achieve 30% of eligible construction spend and 20% of eligible annual operating spend from eligible categories with companies owned by socially and economically disadvantaged individuals (SEDI), with priority given to NYS Certified Minority/Women Owned Business Enterprises (“M/WBEs”) and Service-Disabled Veteran Owned Businesses (“SDVOBs”).

Micron will invest in regional supplier diversity contracting and programming to support and develop SEDI contractors, with priority given to NYS Certified M/WBEs and SDVOBs.

Micron will require applicable Tier 1 and Tier 2 suppliers to establish goals for percentage of spend with diverse suppliers and will require those partners to submit to Micron annual reporting spend with diverse suppliers.

Commitments to Providing Employment Opportunities for Diverse and Disadvantaged Populations

Micron will work with state and local partners and construction contractors and subcontractors to establish a target percentage of the construction workforce to be from disadvantaged populations. Contractors will be encouraged to conduct focused recruiting and pipeline development activities to strive to meet the target, and Micron will require contractors to report their results.

Micron will encourage construction contractors and subcontractors to utilize Syracuse Build as a first source model to identify candidates for hiring from disadvantaged populations.

Micron will establish a target percentage of permanent hires for facility operations to be made from targeted census tracts and historically disadvantaged populations as mutually defined by Micron and state and local partners. Micron will conduct focused recruiting and pipeline development activities (such as with the Syracuse STEAM School, Syracuse Central School District, and/or BOCES) to strive to meet the target.

Micron will establish an intern program, currently expected to make up three to five percent of the Fab Complex’s headcount, which will ramp up over time. Micron will set a target percentage of intern positions to be filled by individuals from historically disadvantaged populations and will conduct good faith, focused recruiting activities to strive to meet the target.

Micron will commit to using measures and programming to increase construction and work participation by underrepresented populations to expand the construction ecosystem and remove barriers to SEDI participation.

Commitments to Education and Workforce Pipeline Development

Micron and ESD will partner with and invest in New York higher educational institutions to develop curriculum and facilities for training on the knowledge and skills needed for semiconductor manufacturing, research and development, and other critical disciplines, and Micron will commit to hiring from among the graduates of such programs.

Micron will invest $10 million over 10 years in the Syracuse STEAM School and other STEM-related K-12 programs in the region, as part of its commitment to the Green CHIPS Community Investment Fund. The company will discuss with state and local partners, a level of participation by company leaders and other team members in collaborating on curriculum development and learning experiences.

Commitments to Workforce Support Programs

Micron will subsidize the building and maintenance of a childcare facility on-site or adjacent to the site for team members to use.

Micron will provide team member incentives for use of public transit and will install a public bus stop on the Fab Complex site. The company will collaborate with the regional transit authority to extend public transit to the Fab Complex site.

Commitments to Community Engagement

Micron will invest $10 million in venture funding in partnership with the regional tech ecosystem, as part of its commitment to the Green CHIPS Community Investment Fund. Micron will ensure Micron Ventures offers coverage and will participate in upstate New York tech ecosystem programming.

Micron will actively support smart growth in the region through steering suppliers to existing business parks and areas with existing infrastructure, where possible. Micron will expressly encourage these activities in supplier RFPs.

Micron will pursue opportunities to collaborate on research and development initiatives, such as with NY CREATES, SUNY and other New York institutions of higher education, other New York semiconductor companies, and a potential National Semiconductor Technology Center.

Micron is committed to volunteering and giving in the communities where it operates. The company provides two days paid volunteer time per year for each team member, and volunteer opportunities may include serving in community-based organizations.