Three million dollars have been secured for Syracuse University and CenterState CEO to support investments aimed at attracting new companies to Central New York and ensuring the region is ready for the establishment of Micron technology. U.S. Senate Majority Leader Chuck Schumer and U.S. Senator Kirsten Gillibrand announced on Friday that Syracuse University will receive $1 million and CenterState CEO will receive $2 million from Fiscal Year 2024 appropriations bills. Syracuse University will utilize the funds to support the South Side Innovation Center (SSIC), which promotes entrepreneurship and economic development in an area of Syracuse facing challenges such as high unemployment and poverty levels. The funds will be allocated towards modernizing SSIC facilities, ensuring compliance with ADA accessibility regulations, infrastructure upgrades, and technology enhancements with the aim of creating jobs, developing a skilled workforce, and boosting tax revenues through the growth of new businesses.
CenterState CEO will use its funding to help local businesses seize opportunities related to Micron’s planned $100 billion investment in Central New York. This includes preparing businesses for specific procurement opportunities in areas from construction to high-tech manufacturing, as well as offering advisory and technical services, assistance with funding access, and connections to local companies engaging in this industry. Additionally, the funding will support efforts to attract and provide assistance to Micron’s supply chain companies looking to establish a presence in the region. The initiatives are seen as vital in enhancing the region’s global competitiveness, supporting existing businesses, and strengthening Central New York’s advanced manufacturing industry.