Upstate New York hopes to secure up to $75 million in federal funds to promote the growth of the semiconductor industry from Buffalo to Syracuse if it is chosen for a “tech hub.”
But first, the upstate entry needs to be named among the winners in a competitive, nationwide process. That competition has entered the next phase.
Two Western New York congressmen like the chances of the area being designated as a national tech hub, which could come with up to $75 million in investment from the federal government.
A joint bid by Buffalo, Syracuse and Rochester – formally called NY SMART I-Corridor – has submitted its application to the U.S. Economic Development Agency. The EDA is part of the Department of Commerce and is overseeing the tech hub process.
Upstate’s entry focuses on semiconductor development, building on announced projects such as Micron’s chip plant near Syracuse, which is valued at up to $100 billion, and Edwards Vacuum’s planned $319 million plant in Genesee County.
Sen. Charles Schumer said if upstate is chosen for a tech hub, it would turn the I-90 corridor from Buffalo to Syracuse “into America’s semiconductor superhighway.”
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