The Biden-Harris Administration's Tech Hub Program will award approximately $40 million to New York's NY SMART I-Corridor Tech Hub to strengthen the region's capabilities as a global leader in end-to-end semiconductor manufacturing.

Contact: EDA Public Affairs Office, [email protected]

WASHINGTON, DC – The Biden-Harris Administration, through the U.S. Department of Commerce Economic Development Administration (EDA), announced it has awarded approximately $40 million to the NY SMART I-Corridor Tech Hub, a consortium led by New York’s CenterState Corporation for Economic Opportunity, to implement four projects that will strengthen the region’s capacity to expand the production and delivery of critical technologies that enable U.S. leadership in semiconductor manufacturing.

In October 2023, the NY SMART I-Corridor Tech Hub was selected as one of 31 designated Tech Hubs across the nation as part of Phase 1 of the new Tech Hubs Program, a flagship initiative aimed at advancing U.S. leadership in critical technologies and industries. The designation is a strong endorsement of the consortium's region's plan to strengthen its respective critical tech ecosystems and become global leaders over the next decade.

“No matter where they live, every American deserves the opportunity to thrive. Today's announcement that the Commerce Department will invest $504 million in regional tech innovation hubs across the country will ensure that the benefits of the industries of the future, from artificial intelligence and clean energy to biotechnology, are shared with communities that have long been overlooked, including rural, tribal, industrial and disadvantaged communities,” said Vice President Kamala Harris. “These tech hubs will provide regions of the country with the resources and opportunities they need to lead in tomorrow's economy, while creating good-paying jobs for American workers.”

“President Biden has been clear that you don't need to move to just a handful of cities to get a high-paying job in tech. Now, thanks to the Tech Hub program, we're making that idea a reality, expanding America's innovation ecosystem and creating economic opportunity in new tech sectors across the country,” said U.S. Secretary of Commerce Gina Raimondo. “Thanks to President Biden's commitment to his Invest in America plan, the NY SMART I-Corridor Tech Hub and other Tech Hub awardees will play a critical role in accelerating American leadership in the industries of the future while creating high-quality, family-sustaining 21st century jobs in people's backyards.”

As one of 12 Tech Hub designated companies selected for implementation funding, the NY SMART I-Corridor Tech Hub will use the grant to support projects such as:

Establish a supply chain network that expands the capacity of existing and potential suppliers through expanded manufacturing support. Fill critical gaps in upskilling, hiring, and retention of primarily mid-skilled occupations in semiconductor-specific roles through workforce development programs. Increase access to the region's semiconductor R&D assets, foster collaboration among research institutions, and stimulate innovation and commercialization of new technologies in semiconductor manufacturing. Integrate consortium-wide strategic support across all components of the Tech Hub and provide targeted stakeholder engagement, industry engagement, equitable engagement, and administration of discretionary impact funds.

Final grant amounts are expected to be confirmed in the coming months.

The New York Semiconductor Manufacturing, Research and Technology Innovation Corridor (NY SMART I-Corridor Tech Hub) aims to ensure economic opportunity for underserved communities while strengthening the region's semiconductor manufacturing capabilities. The tech hub will align significant semiconductor manufacturing investments, adjacent supply chain assets, scientific capability coalitions, and partner coalitions across the region to establish an entrepreneurial and innovation ecosystem that provides career paths and employment opportunities for historically underserved communities. The NY SMART I-Corridor Tech Hub aims to change the trajectory of upstate New York through the formation of a world-leading semiconductor cluster that designs and delivers semiconductor solutions for the region, the nation, and the world. This effort leverages other recent investments in the region's advanced manufacturing ecosystem, including a 2022 EDA Build Back Better Regional Challenge award. (For more information on the NY SMART I-Corridor Tech Hub, click here)

“The Department of Commerce is committed to expanding economic opportunity to every corner of our nation,” said Deputy Secretary of Commerce Don Graves. “The Tech Hub Program is a commitment to the prosperity and success of our American economy. The 12 awardees embody the innovation and creativity seen across the country, revitalizing American manufacturing, strengthening America's global competitiveness and bringing President Biden's Invest in America policy to the forefront.”

“The 31 Tech Hub cities are some of the best examples of locally rooted economic development strategies that combine federal resources with local assets, expertise, and collaboration to realize transformative opportunities,” said Commerce Under Secretary for Economic Development Alejandra Y. Castillo. “We are pleased that this first round of implementation funding will support a surge of new jobs, new technologies, and new energy to strengthen America's competitiveness.”

“With this transformative federal grant, New York State is taking a major step forward in building a semiconductor manufacturing hub in our state,” said New York State Governor Kathy Hockle. “This grant will bring the next generation of semiconductor research, manufacturing and workforce training to upstate New York, and will help attract even more funding to our state's other investments to attract semiconductor manufacturing companies and jobs. From our historic investment in Microns to our nation's first semiconductor research center in Albany, New York State is committed to semiconductors, and I thank the Biden Administration, Leader Schumer, Senator Gillibrand and Representative Morrell for their work to help us remain competitive in the global semiconductor business.”

This is a monumental win for the Buffalo, Rochester and Syracuse region as the first major Tech Hub award in the nation and will bring a massive $40 million in funding from my CHIPS & Science Law. “This major investment brings national attention from the federal government and confirms what I have known for years: America's semiconductor future stretches along the heart of upstate New York, along the I-90 corridor,” said New York Senator Chuck Schumer. “From the fields near Syracuse that will become Micron's massive megafab, to the cutting-edge research labs in Rochester, to the workers learning these manufacturing techniques in Buffalo, this award will help connect this region to seize this once-in-a-generation opportunity and establish upstate New York as the epicenter of the semiconductor industry in America.” I created the Tech Hub Competition with upstate New York in mind and worked hard to win this award. First, I proposed this program in my Endless Frontier Act, and then passed it into law as part of the CHIPS & Science Act, making the case for rallying the region together, advocating at the highest levels, and making the transformative investments that made this possible. It's never been clearer: the heart of America's semiconductor industry runs along the I-90 corridor in upstate New York.

“With this new $40 million in federal funding, the Buffalo-Rochester-Syracuse Corridor takes another monumental step toward becoming a global leader in the semiconductor industry, a fast-growing sector that is critical to our state's economy and national security. I am proud to have fought for the passage of the CHIPS and Science Act to create this program, as well as the BRS Consortium's Tech Hub designation. This groundbreaking award will help attract and retain America's best and brightest talent, support cutting-edge research, bring high-paying jobs to upstate New York, and advance U.S. leadership in semiconductor research and manufacturing. I am grateful that EDA recognized that these upstate New York cities are well-positioned to leverage their skilled workforce, world-class educational institutions, and proven experience in advanced manufacturing, and I will continue to fight to ensure New York State remains a leader in this field,” said New York State Senator Kirsten Gillibrand.

“Recognizing the Buffalo-Rochester-Syracuse Corridor as a technology hub for semiconductor research and production is a major step toward revitalizing Western New York's rich tradition of manufacturing innovation,” said Congressman Nick Langworthy (NY-23). ​​”This $40 million federal investment will create good-paying jobs, spur economic growth, and strengthen national security by reducing our reliance on foreign semiconductor manufacturing. With its skilled workforce and proximity to the Micron facility, the region is poised to lead the way in securing the nation's technology future.”

“This historic funding marks a down payment on a period of unprecedented growth and transformation for our region,” said Congressman Joe Morrell (NY-25). “I thank the Biden Administration, U.S. Secretary of Commerce Raimondo, and the Department of Economic Development for selecting the NY SMART I-Corridor and recognizing upstate New York's potential to lead the nation in technology innovation. I look forward to continuing to work together to strengthen our economic future for decades to come.”

“This groundbreaking funding puts Buffalo, Rochester and Syracuse on a path to lead our nation toward supply chain independence,” said Congressman Timothy Kennedy (NY-26). Thanks to investments from the EDA, our nation's world-class universities will have the resources they need to develop a strong workforce, strengthen our region's supply chain, and bolster semiconductor manufacturing and other innovative industries. I will continue to work with my colleagues in Congress to realize Western New York's limitless potential for economic prosperity so our communities and people can thrive.”

The Tech Hub Program was authorized by the bipartisan CHIPS and Science Act, a key part of President Biden's Invest in America policy, and was signed into law by the President in August 2022. The Act authorizes a $10 billion budget for the program over five years. To date, EDA has allocated $541 million to the program.

The United States is a global leader in research and development, and the Tech Hub Program is designed to increase the ability and pace at which Americans can develop, deliver and deploy innovative technologies, creating new growth companies and new, quality jobs.

For more information about the Tech Hubs program, visit TechHubs.gov.

About the U.S. Economic Development Administration (www.eda.gov)The mission of the U.S. Economic Development Administration (EDA) is to lead the Federal economic development agenda by promoting competitiveness and preparing the nation's regions to grow and succeed in the global economy. An agency within the U.S. Department of Commerce, EDA creates jobs for American workers, fosters American innovation, and accelerates long-term, sustainable economic growth by investing in communities and supporting regional collaboration.

Sources 1/ https://Google.com/ 2/ https://www.eda.gov/news/press-release/2024/07/02/NY-SMART-I-Corridor-Tech-Hub The mention sources can contact us to remove/changing this article

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