Three million dollars have been allocated to Syracuse University and CenterState CEO to support investments aimed at attracting new companies to Central New York and preparing the region for the establishment of Micron. This initiative will aid in the technological workforce transformation in Central New York.
U.S. Senate Majority Leader Chuck Schumer and U.S. Senator Kirsten Gillibrand recently announced the allocation of $1 million to Syracuse University and $2 million to CenterState CEO from the Fiscal Year 2024 appropriations bills. Syracuse University plans to use the funding to enhance the South Side Innovation Center (SSIC), which focuses on entrepreneurship and economic development in an area of Syracuse marked by high unemployment rates, levels of poverty, and limited economic activity. The funds will be utilized to update SSIC facilities to comply with ADA accessibility standards, improve infrastructure, and upgrade technology.
The objective is to create job opportunities, cultivate a skilled workforce, boost tax revenues through successful business ventures, and promote the overall economic health and stability of Central New York. Chancellor Kent Syverud expressed enthusiasm for the potential impact of these funds on cultivating a prosperous workforce in the region.
In another development, CenterState CEO is preparing local businesses to leverage the opportunities arising from Micron’s planned $100 billion investment in Central New York. The funding will be used to assist local companies in accessing specific procurement opportunities related to construction, high-tech manufacturing, laundry services, and catering. Additionally, businesses will receive support such as business advising, technical consulting, access to growth funding, and connections to other companies participating in the industry.
Moreover, efforts will be made to attract and support Micron’s supply chain companies seeking to establish a presence in the region. This investment aims to enhance the region’s competitiveness on a global scale and empower existing businesses in Central New York to tap into the growing semiconductor market. President Rob Simpson emphasized the significance of this investment in advancing Central New York’s advanced manufacturing sector and ensuring regional businesses benefit from the area’s economic growth.