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Hochul announces $56 million funding for STAMP as part of larger business development program

By Press Release

Press release:

Governor Kathy Hochul today announced that nearly $90 million has been awarded for six locations under the Focused Attraction of Shovel-Ready Tracts New York grant program. First announced in February 2022, the program is designed to prepare and develop sites across the state to jumpstart New York’s shovel-readiness and increase its attractiveness to large employers and high-tech manufacturing companies. The program, administered by Empire State Development, will help diversify New York State’s economy while propelling new investments for businesses, communities, and job creation.

“Through the FAST NY grant program, New York is continuing its commitment to investing in and expanding economic growth and opportunity across the state,” Governor Hochul said. “This funding will prepare shovel-ready sites that key industries like semiconductors and renewable energy are looking for and will create good jobs and grow local economies for generations to come.”

There are seven projects mentioned in the press release. Here is the section on WNY STAMP:

  • Genesee County Industrial Development Agency (IDA), Genesee County – $56 million: The Western New York Science Technology Advanced Manufacturing Park (STAMP) is a 1250-acre mega site, with access to significant power, water and completed pre-development. STAMP is the largest remaining site in New York State, which has already committed over $50 million to the site and where Plug Power’s green hydrogen project is currently under construction and Edwards Vacuum will be starting construction on their dry pump factory next spring. STAMP is integral to the recent EDA Regional Tech Hub designation for the Buffalo-Rochester-Syracuse corridor and the state’s strategic goal of creating a “semiconductor superhighway” across Upstate. This phase of the project focuses on building the remaining infrastructure to support advanced manufacturing projects including a wastewater treatment facility and pump station, force-main components, natural gas transmission main tap and extension within the site, road construction improvements and a water transmission main. Total project cost: $62.37 million

Click here to read the full press release.

UPDATE: Statement from GCEDC:

“The FAST NY award announced by Governor Hochul today demonstrates her steadfast commitment to next-generation site development that will bring emerging business sectors in semiconductor and advanced manufacturing to our region.

“This award creates significant momentum in our efforts to design, engineer, and secure permits for infrastructure at STAMP, including current projects that have been announced to date that are anticipated to generate $1 billion of private sector investment and the creation of over 600 family-sustaining jobs.

“The FAST NY award also follows Senate Majority Leader Schumer’s recent announcement of the Buffalo-Rochester-Syracuse regions being designated as a federal Tech Hub, which will only enhance continued interest at STAMP by companies in these business sectors.”


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