SCHROEPPEL, N.Y. — U.S. Senate Majority Leader Chuck Schumer (D–N.Y.) on Thursday said he has secured $2.5 million in federal funding to expand the L. Michael Treadwell Oswego County Industrial Park (OCIP).
Schumer visited the site on Aug. 6 to announce his pursuit of the funding, which comes through the Economic Development Administration (EDA). The funding is awarded to the County of Oswego Industrial Development Agency (COIDA), per a separate announcement from COIDA.
“We have this once-in-a-generation opportunity to ensure that Oswego County is at the forefront of building America’s industrial future, and this site, less than 10 miles from the future home of Micron, is primed to be a part of that future. I stood at the Oswego County Industrial Park earlier this month and promised to fight for this funding because I know how much potential this site has to be a centerpiece of America’s semiconductor supply chain right here in Central New York,” Schumer said in the Thursday announcement from his office. “I am proud to say a promise made is now a promise kept with this $2.5 million federal investment I have secured on the way to Oswego County. Together we’re fast-tracking this expansion and getting the site 100% shovel-ready for companies to move in and set up shop.”
(Sponsored)
ESOP Benefits for Architecture and Engineering Firms
Planning an exit strategy from your successful architecture or engineering firm can be difficult at times. While there are many options to choose from, one that many companies fail to
“Borderline” Overtime Exemptions Require Careful Analysis and Precautionary Measures
Q: We have an employee who we believe is properly classified as exempt from receiving overtime under the Fair Labor Standards Act (FLSA) but it is a “borderline” case. In
The site is a short drive from the White Pine Commerce Park along Route 31 in the town of Clay, which is the future home of Micron Technology, Inc.’s (NASDAQ: MU) upcoming semiconductor campus.
The $2.5 million will “fast-track” the development of the site, Schumer’s office said in its announcement. Development would involve building the new infrastructure needed to land new companies to support the growth of the semiconductor industry.
Schumer said this long-planned expansion would more than double the size of the park, using land that’s already been acquired. He called the potential expansion “critical” as the Oswego County Industrial Park is nearly out of usable space, just as investment opportunities increase for the region.
His office said Schumer personally wrote to Secretary of Commerce Gina Raimondo in support of the $2.5 million federal investment to help the COIDA pay for the development of these new, shovel-ready manufacturing sites.
The funding through the EDA’s Public Works and Economic Adjustment Assistance (PWEAA) Program would support the construction of new public roads, sewer lines, water lines, pump stations, storm water management controls, and other critical preparations of the 185-acre expansion that is being planned on the site.
