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The federal CHIPS and Science Act is driving growth across Central New York as Marcy-based Wolfspeed becomes the latest company to benefit from the legislation. The chip manufacturer has secured a preliminary agreement for $750 million in federal funding, unlocking an additional $750 million in private investment.
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Educators says the experiential program keeps students interested.
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The Manufacturers Association of CNY landed its largest-ever federal grant to build upon its already successful registered apprenticeship program.
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Sen. Chuck Schumer announced the award from the CHIPS and Science Act late Wednesday. He says the funding helps capture his vision for reinventing and revitalizing Upstate New York's economy.
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Syracuse, along with Rochester and Buffalo are three of the cities to be given this title.
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U.S. Sen. Chuck Schumer, D-N.Y., visited Onondaga County and 62 state counties as well.
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Onondaga County Executive Ryan McMahon provided an update on potential tenants for White Pine Commerce Park in Clay.
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The move aims to boost the production of semiconductors, which will help establish the state as a manufacturing hub.
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Government officials believe the vacant site is an ideal location and will soon attract attention from chip manufacturers, bringing jobs and attention to Central New York.
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Property owners on Burnet Road in Clay have been told for years that there are big plans for White Pine Commerce Park, but nothing has ever come to fruition. Proponents of the CHIPS act say a deal to land a major chip manufacturer is closer than ever.