Summary:
- Buffalo, Rochester, and Syracuse are competing for $54 million in federal funds to boost the semiconductor industry in upstate New York. The joint bid aims to create a “semiconductor corridor” from Buffalo to Syracuse under the NY SMART I-Corridor banner.
- New York State has pledged an additional $10 million to support the plans, bringing the total value of the bid to about $64 million. The focus of the bid is on training workers, building a supplier network, promoting innovation, and attracting capital to enhance domestic semiconductor manufacturing.
- The collaborative effort between the three regions highlights the importance of cooperation in fostering industry growth. By working together, Buffalo, Rochester, and Syracuse hope to strengthen the semiconductor industry in upstate New York and create a more robust and competitive tech hub in the region.