Skip to content

In the News

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

Blog Categories

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.

Related Posts

Debate over natural gas bill heating up in Albany

By growthzone | March 19, 2024

ALBANY, NY (WGRZ) — As the April 1 deadline for the state budget approaches, lawmakers, policy advocates and everyone in between are working to get their hopes and dreams across the legislative finish line.

The Editorial Board: Solid tech hub plan augurs well for this region

By growthzone | March 11, 2024

BUFFALO, NY (The Buffalo News) — If the Senate majority leader’s optimism counts, this expanded region’s application for designation as a federal tech hub is all but in the bag.

Beyond Micron: Syracuse and Upstate NY partners push to expand region as a semiconductor hub

By growthzone | March 4, 2024

SYRACUSE, NY (Syracuse.com) — Syracuse, Buffalo and Rochester, plus more than 100 public and private institutions, applied this week for a $54 million federal grant to further develop Upstate New York into a globally recognized technology corridor, with a strong focus on the semiconductor industry.

John Persons honored for Tops leadership after 5/14

By growthzone | December 7, 2023

BUFFALO, NY (The Buffalo News) — As Tops Markets’ president and chief operating officer, John Persons led the company through a time of grief, following the May 14, 2022 racist attack that killed 10 Black people at its Jefferson Avenue store. Persons received the Buffalo Niagara Partnership’s inaugural Industry Leader award on Thursday, at the business group’s economic development summit.