NY SMART I-Corridor Wins $40 Million Federal Tech Hub Grant

Posted on July 2, 2024

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Tech Hubs Award Announcement

The Biden-Harris Administration announced the NY SMART I-Corridor, comprised of partners from Syracuse, Rochester, Buffalo and Ithaca, will receive one of 12 implementation grants as a part of the federal Tech Hubs Program. Administered by the U.S. Department of Commerce Economic Development Administration, Tech Hubs was authorized under the CHIPS and Science Act. 

The NY SMART I-Corridor was awarded $40 million to support the growing semiconductor industry across upstate New York. The grant will be used for workforce development programming, supply chain support and small businesses resources. 

“The I-Corridor is now one of a few federally funded Tech Hubs, which is a firm signal to the world that this region is primed to lead the resurgence of advanced manufacturing and semiconductor production in the U.S.,” said Robert Simpson, president of CenterState CEO. “This investment in our strategy ensures that the very communities once left behind can now regain their rightful economic leadership position. The partnerships, collaboration, vision and leadership of our community, philanthropic, educational, business, and elected officials are the true legacy of this work, and we are grateful to all for their commitment to our shared success. We particularly acknowledge the unwavering leadership of U.S. Senator Charles Schumer who co-authored the CHIPS and Science Act and Tech Hubs programs specifically with the intent of helping to reignite the innovation economy in parts of the country that had been previously left behind. His support and commitment have ensured this region has the resources needed to drive long-term progress. While we may now take a moment to celebrate this historic opportunity, we are more ready than ever to get to work and leverage this investment to maximize the economic impact that will be felt across our communities.”  

 

Read More:

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