It is crunch time for the “tech hub” bid consisting of Buffalo, Rochester and Syracuse.
The three-region team has about a month and a half left to develop and submit proposals that could be awarded up to $75 million in federal funding.
Buffalo, Rochester and Syracuse realized their best shot at getting designated as a federal tech hub was by working together. When it comes to chasing economic development, it’s a different tack for them.
The joint bid – under the NY SMART I-Corridor banner – focuses on building the semiconductor industry.
It is a competitive process: A total of 31 areas around the country were designated “tech hubs” last year, which put them in contention for funding. But only five to 10 of them are expected to be awarded money.
Three business-related groups – the Buffalo Niagara Partnership, ROC2025 in Rochester and CenterState CEO in Syracuse – are guiding the process, with support from hometown federal lawmakers, including U.S. Senate Majority Leader Chuck Schumer, D-N.Y., and Empire State Development.
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