New York Construction Report staff writer
New York will launch an online portal next month for organizations to apply for grants from a $500 million fund designed to benefit communities surrounding Micron Technology Inc.’s planned semiconductor site in Clay.
A $500 million Green Chips Community Investment Fund will accept letters of intent starting Aug. 1 for projects focused on housing, workforce development, education and community investment.
Gov. Kathy Hochul unveiled the guidelines for the program that she said will amplify Micron’s recently announced $100 billion investment in New York State, which is expected to create thousands of prevailing wage construction jobs. When complete, the complex will include clean room space at approximately 2.4 million square feet.
For more information about the fund visit ESD’s website.
Empire State Development is contributing $100 million to the fund which will be available for capital-based projects. ESD will consider grant requests greater than $100,000.
Micron is committing $250 million to the Community Investment Fund over the next 20 years, with an additional $150 million to be raised from private philanthropy and other sources.
All entities seeking Green CHIPS Community Investment Fund grant funding, must submit a Letter of Intent for initial consideration. Letters of Intent will be received and reviewed on an ongoing basis by funding partners. Letters can be submitted beginning Aug. 15. Letter of Intent submissions will be reviewed by ESD and Micron and those that align with program goals will be invited to submit a full application.
The $10 billion Green CHIPS incentive program is the most ambitious semiconductor industry attraction program in the nation and focuses on sustainability and community investments while driving semiconductor manufacturing to New York State.
“Micron’s historic $100 billion investment in Central New York will transform the upstate economy for years to come,” said Empire State Development President, CEO and Commissioner Hope Knight. “The Green CHIPS Community Investment Fund represents a once-in-a-generation opportunity to lift up disadvantaged communities and ensure the benefits of this growth will be felt equitably by all Central New Yorkers.”
