(ALBANY, NEW YORK) – Governor Kathy Hochul has announced the launch of New York’s new Promote Opportunity with Electric Readiness for Underdeveloped Properties (POWER UP) Program, which will offer grants for electrical and transmission infrastructure at industrial sites for key sectors like semiconductors, agribusiness and cleantech.
Through the program, New York will establish an inventory of turn-key industrial sites, further securing the State’s leadership role in reshoring manufacturing.
The $300 million initiative was first introduced in Governor Hochul’s 2025 State of the State and was included in the Fiscal Year 2026 Enacted Budget with an initial $100 million in grant funding, and represents a fundamental shift in the State’s approach to site-readiness by proactively preparing sites for the energy demands of next-generation manufacturers.
“Bringing advanced manufacturing businesses that will create good-paying jobs in New York State has been a pillar of my Administration and that requires a proactive strategy that adapts to meet the needs of modern employers,” Governor Hochul said. “As businesses grow and technologies evolve more power capacity is needed and POWER UP will help ensure that our sites are shovel-ready and power-ready. We’re investing in our infrastructure today to build New York’s economy of tomorrow.”
POWER UP will build upon the continued success of FAST NY, which awards grants to municipalities in New York to prepare industrial sites.
Since its inception, FAST NY has awarded more than $283 million to 34 sites throughout Upstate New York.
POWER UP will focus on developing electrical infrastructure at key industrial sites, helping to build a suite of locations that can support advanced manufacturers looking to move to New York.
The program will take years off site development timelines and allow the State to offer industrial sites that are both power-ready and shovel-ready.
With this inventory of industrial sites, New York State will continue to bring back manufacturing and build on its momentum of creating new good-paying jobs and fostering economic growth.
To Continue Reading This Labor News Report, Go To: Governor Hochul Announces Launch of $300 Million ‘POWER UP’ Program to Create Power-Ready and Shovel-Ready Industrial Sites | Governor Kathy Hochul