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Home»Investments»CNY leaders plan future investments after receiving millions in federal funding
Investments

CNY leaders plan future investments after receiving millions in federal funding

prosperplanetpulse.comBy prosperplanetpulse.comJuly 2, 2024No Comments2 Mins Read0 Views
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Syracuse, New York — Three major cities in upstate New York received $40 million in federal funding under the CHIPS & Science Act.

Sen. Chuck Schumer announced the news on Tuesday.

The $40 million will be split between Syracuse, Buffalo and Rochester.

Onondaga County Mayor Ryan McMahon attended the press conference.

Now that he has been awarded the funding, Earl plans to invest it across a number of sectors in preparation for Micron.

Though construction on the chip factory is still months away, McMahon is planning what he calls a “historic investment to Micron’s benefit.”

Investing in Syracuse Hancock International Airport, investing in higher education — building the engineers of the future and investing in business.

Area universities, including Syracuse University, Cornell University, Lemoyne College and Onondaga Community College, are training the engineers of the future for Micron’s workforce.

Despite his excitement, McMahon says this year will be a busy one as he prepares for the future microchip factory.

We have a fantastic higher education system that is working hard to produce these engineers.

He said the thing to do now is to improve infrastructure.

We have over $1 billion in infrastructure projects in place right now that need to be completed on time. We’re executing on building out the workforce infrastructure to train our residents and the residents that are coming here. We’re executing on getting suppliers to come to this community so that Micron can be successful, and then we’re executing on our community strategy to make sure we have the housing we need and continue to invest in our parks.

McMahon said it will be a daunting task, but he is confident the county is up to the task.



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