ALBANY, N.Y. — The new state budget includes a $200 million investment to support four ON-RAMP advanced–manufacturing training centers and prepare New Yorkers for the jobs of the future, including a flagship facility in Syracuse that CenterState CEO will oversee.
The spending plan also includes a $500 million capital investment to jumpstart a $10 billion partnership for next-generation chips research, the office of Gov. Kathy Hochul announced Monday.
Technology-workforce development
The new spending plan includes a $200 million investment to establish One Network for Regional Advanced Manufacturing Partnerships (ON-RAMP). It’s a network of four new workforce–development centers to prepare New Yorkers for the jobs of the future, Hochul’s office said.
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As the state continues to attract high-tech businesses in fast-growing industries like semiconductor manufacturing, ON-RAMP centers will offer credentials and training related to advanced manufacturing and “help expand opportunities for disadvantaged populations,” per the state.
The program will focus on “strategic, high-impact locations” in upstate New York.
Investing in chips research
The budget also includes a $500 million capital investment for NY CREATES’ Albany Nanotech Complex to help jumpstart a $10 billion partnership and bring a High NA EUV Lithography Center to the complex.
Hochul announced the partnership with IBM (NYSE: IBM), Micron Technology Inc. (NASDAQ: MU), Applied Materials, Tokyo Electron, and other leaders from the semiconductor industry last year as part of the effort to establish a global hub for semiconductor manufacturing in New York.
Once completed, Hochul’s office said the new center will build on other semiconductor-related investments to make New York home to the first publicly owned High NA EUV Lithography Center in North America, support the long-term growth of New York’s tech economy, and create and retain thousands of direct, indirect, and union construction jobs.
