Upstate New York tech hub wins $40 million federal investment
By Jerry Zremski Buffalo News Washington Bureau July 2, 2024
WASHINGTON −The upstate New York “tech hub” between Buffalo and Syracuse will receive $40 million in federal funding in an attempt to make the region home to a reborn American microchip industry.
Senate Majority Leader Chuck Schumer, who authored the legislation creating the federal tech hubs and who pushed hard for the upstate bid to receive funding, was set to announce the funding Tuesday in visits to Buffalo, Rochester and Syracuse. In an interview prior to the official announcement, Schumer said he was ecstatic that out of about 400 original tech hub bids, the upstate bid will be one of only 12 to receive significant federal funding.
“This isn’t just a national spotlight on upstate New York,” said Schumer, a New York Democrat. “This is the federal government saying that the I-90 corridor is America’s semiconductor super highway.”
The fundingf ollows an announcement last October that the upstate bid would be one of 31 tech hubs authorized under the CHIPS and Science Act, Schumer’s landmark 2022 law that aims to “reshore” the semiconductor industry.
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