ALBANY, NY (WENY) – On Thursday, Governor Kathy Hochul signed the first-in-the-nation Green CHIPS legislation.
The governor’s office says the legislation is aimed at creating jobs and maintaining important environmental protections.
The governor’s office also says that Green CHIPS will help New York capitalize on a historic opportunity to attract chip manufacturers to the state generating at least $3 billion investment, creating 500 new jobs per project, and lowering greenhouse gas emissions related to chip production.
In doing so, the legislation will also help to make the everyday technologies that use these chips more affordable and improve the state’s economic standing overall.
The governor’s office says the new law also positions New York to greatly benefit from the federal CHIPS and Science Act to increase domestic semiconductor manufacturing in the United States, which was signed into law by President Joe Biden earlier this week.
New York’s Green CHIPS bill will help the State to meet the requirements of the federal program, enhancing its competitiveness against other states looking to attract chip manufacturers.
“New York is poised to lead the nation in semiconductor manufacturing — and as always, we’re doing it in the cleanest, greenest way possible,” Governor Hochul said. “This transformative legislation, in addition to longstanding investments in this industry and bipartisan action from the federal government, takes a significant step forward in creating jobs and sparking economic growth in New York. If you’re looking for a high-tech job or trying to relocate your business, there’s no better place than New York State.”
Leave a Reply