(WNY News Now) – One year after the groundbreaking announcement, Micron’s $100 billion investment is not only reshaping Central New York’s economic future but also attracting semiconductor giants and fostering community development.
NY – One year ago the news broke of Micron’s decision to bring $100 billion in investment and nearly 50,000 job opportunities to Central New York. This ambitious initiative has already begun to redefine the region’s economic landscape, with several other semiconductor companies subsequently announcing plans to establish roots in the state.
The state government, led by Governor Hochul, has worked to secure substantial community benefits. These include initiatives like affordable childcare and the establishment of a $500 million Community Investment Fund, aimed at supporting Micron’s future workforce and the broader Central New York community. A Community Engagement Committee has also been formed, ensuring that diverse perspectives are considered throughout the implementation of this historic project.
This milestone achievement resulted from dedicated teamwork, bolstered by the New York’s Green CHIPS legislation and collaboration with key figures such as Majority Leader Schumer and Senator Gillibrand. Governor Hochul established the Governor’s Office of Semiconductor Expansion, Management, and Integration (GO-SEMI), along with a $24 million investment in workforce development. The goal is to prepare New York’s workforce for the advanced jobs this project will generate, with a particular focus on partnering with local educational institutions.
Governor Hochul, as the first Upstate New York Governor in nearly a century, underscores the personal importance of this investment in revitalizing communities that had been left behind by the globalization of manufacturing jobs. The transformative potential of this monumental investment is expected to chart a new course in the region’s history, promising a bright future for New York State.