Governor Kathy Hochul announced more than $43 million in new funding for Central New York, aiming to support housing, workforce development, job training, and economic growth tied to the major Micron Technology semiconductor project. The funding—delivered through the Green CHIPS Community Investment Fund—will help prepare the region for significant changes as Micron builds its massive chip manufacturing plant at the White Pine Commerce Park in Clay, just outside Syracuse.

According to Micron Technology, the $43 million package includes $35.5 million from Micron and $8.5 million from the state. The investments will address urgent needs, including new housing construction, expanded childcare, upgraded transportation, and job training programs. The initiative is part of a larger $500 million commitment designed to ensure the benefits of Micron’s presence are spread throughout the community.

“This project will bring tremendous growth to the region and the state,” said Governor Hochul. “I created the Green CHIPS program to guarantee that the surrounding communities will benefit from these large-scale advanced manufacturing projects and today’s announcement represents concrete evidence that our partnership with Micron and our local stakeholders will ensure that New Yorkers get the greatest benefit from this once in a lifetime, extraordinary opportunity,” she added, as reported by Travel and Tour World.

The funding comes as Micron’s project, considered the largest semiconductor facility in the United States, is expected to create thousands of direct and indirect jobs, attract new residents, and drive a long-term economic transformation in Central New York. The investments will support a range of community priorities, such as a new bus route between Syracuse and Clay, construction trades training, commercial driver apprenticeship programs, and expanded STEM education at local colleges, according to FingerLakes1.com.

Community leaders and educational institutions have welcomed the news, highlighting the direct benefits for students, veterans, and working families. April Arnzen, Micron’s Chief People Officer, said, “Housing, transportation, workforce development, education and childcare are essential to economic growth. Working with Governor Hochul and local partners, Micron is helping to ensure that the growth benefits everyone in the region.”

The Green CHIPS Community Investment Fund was shaped with input from residents, organizations, and stakeholders, focusing on inclusive growth and sustainable development. The overall project is projected to create up to 50,000 jobs in the region and boost annual economic output by billions of dollars in the coming decades.

Micron’s Community Week, running through Friday (April 3), features STEM programming for families, career info sessions, and community events to spotlight the ongoing transformation and opportunities tied to the semiconductor industry. Community members can find more details about upcoming events at most.org/micron-week.