Governor Kathy Hochul celebrates the up to $6.1 billion investment by the Biden-Harris administration’s Department of Commerce in Micron Technology.
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Governor Kathy Hochul yesterday celebrated the up to $6.1 billion investment by the Biden-Harris administration’s Department of Commerce in Micron Technology, which will be dramatically expanding its domestic memory chip manufacturing in the United States, and the announcement by President Biden that Upstate New York will be designated as a National Workforce Hub.
Both federal and state incentives were essential to secure Micron’s $100 billion investment in the White Pine Industrial Park in the town of Clay in Onondaga County – one of the largest economic development projects in U.S. history.
This federal funding through the CHIPS and Science Act builds upon $5.5 billion in performance-based Green CHIPS incentives provided by New York State that are directly tied to Micron creating 9,000 new direct jobs, investing $100 billion in New York State, and achieving the Green CHIPS community benefits package and sustainability standards for their Clay facility.
In total, the project is expected to create nearly 50,000 jobs statewide, including an average of 5,600 construction jobs per year paying federal prevailing wage.
When complete, the complex will include the nation's largest clean room space at approximately 2.4 million square feet, grow domestic semiconductor manufacturing, and enhance our national security by expanding the United States’ chipmaking capacity.
Additionally, Micron’s commitment to New York State builds on Governor Hochul’s successful efforts to establish New York State as a global hub for semiconductor research and manufacturing in the newly enacted FY 2025 Enacted Budget.
“As the first Governor from Upstate New York in more than a century, I knew we needed to revitalize the Upstate economy and transform New York State into a national leader in semiconductor manufacturing and research. The combination of federal funding and our Green CHIPS program is the formula for success,†Governor Hochul said.
“I spent months advocating for Micron to come to New York and this megafab will be a game changer, setting the stage for regional transformation. This is just the beginning of what we'll accomplish together, but none of it would be possible without the partnership of President Biden, Commerce Secretary Raimondo, New York’s congressional delegation, the New York State Legislature and our local stakeholders.â€
This announcement complements the ongoing partnership between Micron and New York State that was forged in October 2022 when Micron chose Central New York for its megafab. Governor Hochul has worked closely with local, state and federal partners to prepare for Micron’s arrival and make continued investments in the community.
Additionally, Governor Hochul also established the Micron Community Engagement Committee to guide the investment strategy for the $500 million Community Investment Fund. The committee will produce a Community Priorities Document in the coming months that builds off robust community engagement.
Governor Hochul is prioritizing the semiconductor industry as part of the FY 2025 Enacted Budget. The Governor secured an additional $500 million capital investment for NY CREATES’ Albany Nanotech Complex with total State investment of $1 billion to jumpstart a $10 billion partnership that will bring a cutting-edge High NA EUV Lithography Center to the Complex.
The Governor announced the partnership with IBM, Micron, Applied Materials, Tokyo Electron and other leaders from the semiconductor industry last year as part of her commitment to establishing a global hub for semiconductor manufacturing in New York.
Once completed, this new center will build on other semiconductor-related investments to make New York home to the first publicly owned High NA EUV Lithography Center in North America, support the long-term growth of New York’s tech economy, and create and retain thousands of direct, indirect and union construction jobs.
The Budget also includes a $200 million investment to establish One Network for Regional Advanced Manufacturing Partnerships (ON-RAMP) – a network of four new workforce development centers to prepare New Yorkers for the jobs of the future.
As the state continues to attract 21st century businesses in fast-growing industries like semiconductor manufacturing, ON-RAMP will offer credentials and training related to advanced manufacturing and help expand opportunities for disadvantaged populations.
The program will focus on strategic, high-impact locations in upstate New York, including a flagship facility in Syracuse overseen by CenterState CEO.
Additionally, Governor Hochul has secured $100 million in additional funding for the Focused Attraction of Shovel-Ready Tracts New York (FAST NY) program. Launched in December 2022, FAST NY has awarded more than $175 million to prepare more than 2,500 acres across 20 sites in every Upstate region for shovel-readiness, a key feature businesses seek when looking to locate. ■