BloombergTV Talks with CenterState CEO on Micron's Central New York Investment

Central New York is gaining national attention. This week, Bloomberg TV featured the region’s transformation in a segment examining manufacturing’s resurgence in former Rust Belt communities and what Micron’s investment could mean for Syracuse and Central New York.

CenterState CEO Chief Executive Officer President Rob Simpson shared insights on the investments, partnerships and momentum fueling this historic period of growth.

"The thing that everybody is talking about here in Syracuse right now is the once in a generation investment by Micron in our community, bringing 9,000 direct jobs, 40,000 indirect jobs over the next 15 to 20 years, and more than $100 billion in capital investment right here in our backyard. We're so proud to have Micron here. We know the generational impact that that investment will have," said Simpson.

The story also features CenterState CEO member Darin Price of Right Price Companies on what this opportunity means for local businesses.

"Winning Micron business would mean a lot not only for Right Price Companies, but it would mean a lot for our community, for the Syracuse community," said Darin Price, Chief Executive Officer, Right price Companies. "Micron is so large, we're looking to be a creator of jobs here. So being awarded jobs with Micron, we'd be able to hire local, we'd be able to grow local, and really impact the footprint of Syracuse. We're seeing the opportunity for now our kids not to leave, for they can stay right here and have very good careers."

In the piece, Brookings economist Joseph Parilla discusses why Syracuse could become a national model for reindustrialization.

"What's interesting about this wave of reindustrialization that we're seeing is that, for a variety of reasons, some of them economic, some of them more about policy and national security, that the United States wants to win in these strategic areas of competition. Semiconductors, AI, biopharmaceuticals, certain parts of energy, critical minerals, etc. And the question is, what do those industries need across the country?," said Joseph Parilla, Senior Fellow, Brookings Institution. "And they may be a revaluing of some of these legacy industrial hubs, because they still have some of the same technical workforce. They're a little more affordable than the coastal tech hubs. They have land, water, electricity in many places. And so what could happen is the U.S. tries to compete for this $50 trillion opportunity, as McKinsey has estimated over the next two decades for these strategic industries. They may actually find themselves in more places like Syracuse because of the inputs that they're seeking, which I think would be a good thing for the country. That would represent a rebalancing of economic growth and helping some of these places that have fallen behind reconnect to the global economy."

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