SCHUMER ANNOUNCES $9.4 MILLION TO HELP SMALL BUSINESSES GROW & TAP INTO THE BOOMING SEMICONDUCTOR SUPPLY CHAIN ACROSS UPSTATE NY

Press Release

“Small businesses across Upstate NY want to enter the booming semiconductor industry, but they can’t do it alone. This major $9.4 million in federal funding will help provide critical technical assistance to boost effort to make it happen. This is how we maximize the benefit of companies like Micron, GlobalFoundries, and Wolfspeed’s expansions in Upstate NY, helping existing businesses grow and adapt to lead in the next frontier of technology. This will help boost efforts along the I-90 Tech Hub I secured and help Upstate NY build a robust supply chain from Buffalo to Utica to Albany that further positions the region as a global center for chip manufacturing. I fought to secure historic funding for the State Small Business Credit Initiative in the American Rescue Plan and urged Secretary Yellen to prioritize funding for supply chain development, including in the semiconductor industry, because I know that support for small businesses is critical to our efforts to bringing manufacturing back home to America. Today’s federal investment further supercharges Upstate NY’s growing semiconductor superhighway!”

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