New York State has been awarded $9.4 million, with $1.5 million in matching funds from Empire State Development (ESD), to help small businesses across Upstate NY tap into and grow in the semiconductor and microelectronics industries. U.S. Senate Majority Leader Charles Schumer said this new program will help maximize the local impact of the billions in investment “we are seeing across Upstate NY from companies like Micron, GlobalFoundries, and Wolfspeed thanks to his CHIPS & Science Law by breaking down barriers to help small businesses enter and expand into the semiconductor supply chain.”
“Small businesses across Upstate NY want to enter the booming semiconductor industry, but they can’t do it alone. This major $9.4 million in federal funding will help provide critical technical assistance to boost efforts to make it happen. This is how we maximize the benefit of companies like Micron, GlobalFoundries, and Wolfspeed’s expansions in Upstate NY, helping existing businesses grow and adapt to lead in the next frontier of technology. This will help boost efforts along the I-90 Tech Hub I secured and help Upstate NY build a robust supply chain from Buffalo to Utica to Albany that further positions the region as a global center for chip manufacturing,” said Senator Schumer. “I fought to secure historic funding for the State Small Business Credit Initiative in the American Rescue Plan and urged Secretary Yellen to prioritize funding for supply chain development, including in the semiconductor industry, because I know that support for small businesses is critical to our efforts to bringing manufacturing back home to America. Today’s federal investment further supercharges Upstate NY’s growing semiconductor superhighway!”
With this funding, New York will implement the Semiconductor Growth Access Program (SGAP). The program will provide technical assistance – including legal, financial, and accounting services – to existing small businesses to grow in or pivot to the semiconductor and microelectronic supply chain. This will help those businesses upgrade and expand their equipment, building a chip manufacturing cluster across Upstate New York. Additionally, SGAP will create a shared regional purchasing roundtable of large manufacturers and tier 1 suppliers, designed to provide regular access to purchasing opportunities for participating businesses.
The SGAP program will work alongside the Supply Chain Activation Network (SCAN), a project of the Buffalo-Rochester-Syracuse NY SMART-I Corridor Tech Hub, which Schumer fought to secure and has already delivered $40 million of federal funding to support. It will also support critical semiconductor supply chain growth with partners at the Mohawk Valley Economic Development Growth Enterprises Corporation (EDGE), and the Capital Region Center for Economic Growth (CEG).
“New York has become a global leader in high-tech manufacturing – and we’re just getting started,” Governor Kathy Hochul said. “This $9.4 million investment from the State Small Business Credit Initiative will be critical as we work to connect underserved and very small businesses with the resources they need to succeed. Working with the Biden-Harris Administration, we’re creating even more jobs and opportunities for all New Yorkers.”
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