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Western, upstate NY tech hub bid aims for $54 million in federal funds

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BUFFALO, NY (The Buffalo News) — The “tech hub” bid submitted by Buffalo, Rochester and Syracuse plans to use about $54 million in federal funds to bolster the semiconductor industry in upstate New York.

Now, the three-region team will wait to find out if its entry is deemed worthy of funding, in a competition overseen by a federal agency.

Dottie Gallagher, president and the CEO of the Buffalo Niagara Partnership, said she sees funding from the program as akin to “seed capital,” supplemented with other sources of funding to fully achieve the plans. But the $54 million – along with the pledged $10 million from the state –would activate the plans.

Read the article here.

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