{"id":38015,"date":"2022-12-02T22:13:57","date_gmt":"2022-12-03T03:13:57","guid":{"rendered":"https:\/\/videonewsservice.net\/?p=38015"},"modified":"2022-12-02T22:13:57","modified_gmt":"2022-12-03T03:13:57","slug":"gov-hochul-announces-up-to-200-million-fast-ny-grant-program-to-attract-key-industries-to-shovel-ready-sites-across-nys-now-accepting-letters-of-intent","status":"publish","type":"post","link":"https:\/\/videonewsservice.net\/index.php\/2022\/12\/02\/gov-hochul-announces-up-to-200-million-fast-ny-grant-program-to-attract-key-industries-to-shovel-ready-sites-across-nys-now-accepting-letters-of-intent\/","title":{"rendered":"Gov. Hochul announces up-to-$200 million “FAST NY” Grant Program to attract key industries to shovel-ready sites across NYS, now accepting letters of intent"},"content":{"rendered":"\n

Program will Jump-Start New York’s Shovel-Readiness and Increase the State’s Attractiveness to Large Employers<\/em><\/strong><\/p>\n\n\n\n

Informational<\/em><\/strong> Webinar<\/em><\/strong><\/a> for Potential Applicants to be Held on December 15<\/em><\/strong><\/p>\n\n\n\n

Application Portal<\/em><\/strong><\/a>\u00a0Opens December 15<\/em><\/strong><\/p>\n\n\n\n

Press release<\/p>\n\n\n\n

Governor Kathy Hochul today announced that the new up-to-$200 million Focused Attraction of Shovel-Ready Tracts grant program to attract and expand key growth industries in New York State will now accept Letters of Intent from potential applicants. FAST-NY provides certification and grant funding to help prepare key commercial sites across New York State for development in order to attract high-tech manufacturing; interstate distribution and logistics businesses; and other large employers. Empire State Development is accepting Letters of Intent as a first step in the application process and will accept applications on a rolling basis from those who have submitted letters once the application portal opens on December 15.<\/p>\n\n\n\n

“The new FAST-NY program will further establish New York’s standing as a commercial hub by increasing our supply of shovel-ready sites and attracting the jobs and businesses of the future,” Governor Hochul said.<\/strong> “With this up-to-$200 million investment, we are helping to supercharge our state’s economy and draw in the key industries that bring high-growth, high-wage jobs. I encourage those interested in FAST NY to jumpstart their application by submitting a letter of intent.”<\/p>\n\n\n\n

Empire State Development President, CEO and Commissioner Hope Knight said<\/strong>, “The announced historic Micron investment in Central New York is proof positive that having a shovel ready site for companies to build on is a smart investment. As these companies look to take advantage of the federal CHIPS and Science and New York’s own Green CHIPS program, New York will need additional shovel-ready sites, and FAST NY will help usher in a new era of growth.” <\/p>\n\n\n\n

Shovel-ready investments are a key driver in site selection for the semiconductor industry. Semiconductor manufacturer Micron recently chose the shovel-ready White Pine site in Central New York to invest up to $100 billion for its chip manufacturing fab and the shovel ready site in Marcy was a key factor that brought Wolfspeed to the Mohawk Valley.<\/p>\n\n\n\n

There are three types of Focused Attraction of Shovel-Ready Tracts (FAST NY) programming: <\/p>\n\n\n\n

\u00b7         Track A – FAST NY Shovel-Ready Certification<\/strong><\/p>\n\n\n\n

o    This no-cost designation by ESD for site-marketing purposes establishes that the applicant has worked proactively with New York State (the “State”) to address all major permitting issues prior to a business expressing interest in the location. Details will be announced at a later date. <\/p>\n\n\n\n

\u00b7         Track B – FAST NY Pre-Development Grants<\/strong><\/p>\n\n\n\n

o    Working capital grants of up to $500,000 per site will be awarded to fund the cost of necessary pre-development site planning and reviews for future shovel-ready sites.<\/p>\n\n\n\n

\u00a7  Grants will fund necessary costs to assist grantees in completing pre-development activities, such as those required for FAST NY Shovel-Ready Certification.<\/p>\n\n\n\n

\u00b7         Track C – FAST NY Infrastructure Improvements<\/strong><\/p>\n\n\n\n

o    Capital grants will be awarded to improve the shovel-readiness of existing, mature sites by funding infrastructure improvements such as water, sewer, transportation, electricity, gas and other capital-eligible site improvement costs.<\/p>\n\n\n\n

Competitive grant awards will be available to sites that have substantially met the requirements of FAST NY Shovel-Ready certification.<\/p>\n\n\n\n

Applicants that are eligible to apply are municipalities and municipally designated non-profit economic development organizations, such as New York State-based nonprofit industrial development agencies and authorities and economic development corporations designated to act on the behalf of the municipality in which the site is located. Sites must be at least 40 acres in size to be eligible for grant consideration. However, exceptions may be made for smaller sites demonstrating compelling site assets or public benefits such as the possibility for brownfield redevelopment. Eligible industries include: <\/p>\n\n\n\n

\u00b7         High-tech manufacturing, including but need not be limited to clean-tech renewable energy, life sciences, agribusiness, optics, transportation equipment, materials processing, industrial machinery manufacturing and other advanced manufacturing <\/p>\n\n\n\n

\u00b7         Sites for interstate distribution and logistics <\/p>\n\n\n\n

\u00b7         Priority may be given to semiconductor manufacturing and related industry and supply-chain projects <\/p>\n\n\n\n

Eligible site activities include: <\/p>\n\n\n\n

\u00b7         Manufacturing <\/p>\n\n\n\n

\u00b7         Research and development <\/p>\n\n\n\n

\u00b7         Office park <\/p>\n\n\n\n

\u00b7         Interstate distribution and logistics<\/p>\n\n\n\n

All grant funds will be issued on a reimbursement basis. For information on how to submit a Letters of Intent (LOI) visit https:\/\/esd.ny.gov\/fast-ny<\/a>.<\/p>\n\n\n\n

State Senator Anna M. Kaplan said, <\/strong>“As we look to strengthen New York’s economy coming out of the pandemic era, and as we seek to bolster local manufacturing to avoid future supply chain disruptions, it’s vital that we invest big into the high-tech manufacturing sector that will be a significant driver of future economic growth and innovation. Taking steps now to attract these growing industries to New York will position our State for long-term economic success and strong job creation well into the future.”<\/p>\n\n\n\n

Assemblymember Harry B. Bronson said,<\/strong> “As Chair of Economic Development, I’m pleased to see shovel-ready investments starting to take place. When we fought to include shovel-ready funding in the budget, we knew how transformational it would be to our economic growth as a state. Businesses will now seek out New York State because of this grant program, and as a result thousands of new jobs will be created. This is the economic stimulus we need to keep moving New York forward towards high-tech manufacturing, modernize our infrastructure, and create an inclusive workforce for our state.”<\/p>\n\n\n\n

New York State Economic Development Corporation President Ryan Silva <\/strong>“New York State’s continued economic growth will be accelerated by investing in market\/shovel-ready site development. This investment will allow communities to be proactive in attracting new industries by offering predictability and shortening time to market for businesses seeking to invest and grow in New York. It will also create an immediate demand for construction jobs and modernize our infrastructure, which will help New York State achieve its stated clean energy goals while retaining and attracting the jobs of tomorrow, helping secure economic opportunities for all New Yorkers. We thank Governor Hochul and the Legislature for approving this vital program in this year’s budget.” <\/p>\n","protected":false},"excerpt":{"rendered":"

Program will Jump-Start New York’s Shovel-Readiness and Increase the State’s Attractiveness to Large Employers Informational Webinar for Potential Applicants to be Held on December 15 Application Portal\u00a0Opens December 15 Press release Governor Kathy Hochul today announced that the new up-to-$200 million Focused Attraction of Shovel-Ready Tracts grant program to attract and expand key growth \u2026<\/p>\n

Continue reading<\/i><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[716],"tags":[3406],"class_list":["post-38015","post","type-post","status-publish","format-standard","hentry","category-nys","tag-fast-ny-grant-program"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8eTP4-9T9","jetpack-related-posts":[{"id":66643,"url":"https:\/\/videonewsservice.net\/index.php\/2025\/08\/03\/genesee-county-informational-session-for-nys-vacant-rental-program-in-le-roy-session-scheduled-for-august-7th-at-500pm-at-the-village-of-le-roy-offices\/","url_meta":{"origin":38015,"position":0},"title":"GENESEE COUNTY\/Informational Session for NYS Vacant Rental Program in Le Roy\/Session scheduled for August 6th at 5:00PM at the Village of Le Roy Offices","author":"aka","date":"August 3, 2025","format":false,"excerpt":"Press release Landlords in the Le Roy area are invited to attend an upcoming informational session for the New York State Vacant Rental Rehabilitation Program, hosted by Genesee County in partnership with G&G Municipal Consulting and Grant Writing. The session will be held on Wednesday, August 6th, from 5:00 to\u2026","rel":"","context":"In "Genesee County"","block_context":{"text":"Genesee County","link":"https:\/\/videonewsservice.net\/index.php\/category\/genesee-county\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66674,"url":"https:\/\/videonewsservice.net\/index.php\/2025\/08\/04\/genesee-county-le-roy-informational-session-planned-for-the-nys-vacant-rental-program-on-august-7th-at-the-village-of-le-roy-offices\/","url_meta":{"origin":38015,"position":1},"title":"GENESEE COUNTY\/Le Roy\/Informational Session planned for the NYS Vacant Rental Program on August 7th at the Village of Le Roy Offices","author":"aka","date":"August 4, 2025","format":false,"excerpt":"Press release Le Roy, N.Y. \u2013 Landlords in the Le Roy area are invited to attend an upcoming informational session for the New York State Vacant Rental Rehabilitation Program, hosted by Genesee County in partnership with G&G Municipal Consulting and Grant Writing. The session will be held on Thursday, August\u2026","rel":"","context":"In "Genesee County"","block_context":{"text":"Genesee County","link":"https:\/\/videonewsservice.net\/index.php\/category\/genesee-county\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66676,"url":"https:\/\/videonewsservice.net\/index.php\/2025\/08\/04\/genesee-county-batavia-informational-session-planned-for-nys-vacant-rental-program-in-genesee-county\/","url_meta":{"origin":38015,"position":2},"title":"GENESEE COUNTY\/Batavia\/Informational Session planned for NYS Vacant Rental Program in Genesee County","author":"aka","date":"August 4, 2025","format":false,"excerpt":"Session scheduled for August 6th at 5:00 PM at the Old County Courthouse Press release Batavia, N.Y. \u2013 Property owners across Genesee County are invited to attend an upcoming informational session for the New York State Vacant Rental Rehabilitation Program, hosted by Genesee County in partnership with G&G Municipal Consulting\u2026","rel":"","context":"In "Batavia"","block_context":{"text":"Batavia","link":"https:\/\/videonewsservice.net\/index.php\/category\/gennesse-county\/batavia\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61277,"url":"https:\/\/videonewsservice.net\/index.php\/2025\/01\/29\/genesee-county-dept-of-public-works-has-been-awarded-a-full-work-zone-package-as-part-of-a-grant-from-the-nys-governors-traffic-safety-committee\/","url_meta":{"origin":38015,"position":3},"title":"GENESEE COUNTY\/Dept. of Public Works has been awarded a full work zone package as part of a grant from the NYS Governor’s Traffic Safety Committee","author":"aka","date":"January 29, 2025","format":false,"excerpt":"Provided information and photo The New York State LTAP Center \u2013 Cornell Local Roads Program is pleased to congratulate the Genesee County Department of Public Works on receiving one of our free Work Zone Equipment Packages. With over 75 municipalities applying, they were among the 30 lucky recipients selected for\u2026","rel":"","context":"In "Genesee County"","block_context":{"text":"Genesee County","link":"https:\/\/videonewsservice.net\/index.php\/category\/genesee-county\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2025\/01\/Genesee-County.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2025\/01\/Genesee-County.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2025\/01\/Genesee-County.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2025\/01\/Genesee-County.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2025\/01\/Genesee-County.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":18964,"url":"https:\/\/videonewsservice.net\/index.php\/2020\/08\/19\/genesee-county-sheriff-sheron-secures-nys-governors-traffic-safety-grant\/","url_meta":{"origin":38015,"position":4},"title":"GENESEE COUNTY\/Sheriff Sheron secures NYS Governor\u2019s Traffic Safety Grant","author":"aka","date":"August 19, 2020","format":false,"excerpt":"Press release Sheriff William A. Sheron, Jr. has secured $27,000 from the NYS Governor\u2019s Traffic Safety Committee for the Genesee County Sheriff\u2019s Office to participate in the statewide Police Traffic Services Program from October 1, 2020, through September 30, 2021. Sheriff Sheron stated, \u201cThe goal of this program is to\u2026","rel":"","context":"In "Genesee County"","block_context":{"text":"Genesee County","link":"https:\/\/videonewsservice.net\/index.php\/category\/genesee-county\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61024,"url":"https:\/\/videonewsservice.net\/index.php\/2025\/01\/20\/nys-agriculture-department-reminds-dairy-producers-to-apply-for-21-6-million-dairy-modernization-grant-program\/","url_meta":{"origin":38015,"position":5},"title":"NYS\/Agriculture Department reminds dairy producers to apply for $21.6 million Dairy Modernization Grant Program","author":"aka","date":"January 20, 2025","format":false,"excerpt":"Part of Governor Hochul\u2019s 2024 State of the State, the Dairy Modernization Grant Program Will Help Farmers and Dairy Cooperatives Install New Technologies for the Transportation and Storage of Milk Application Deadline is February 14, Additional Information and Application\u00a0Here Press release The New York State Department of Agriculture and Markets\u2026","rel":"","context":"In "NYS"","block_context":{"text":"NYS","link":"https:\/\/videonewsservice.net\/index.php\/category\/nys\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/posts\/38015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/comments?post=38015"}],"version-history":[{"count":1,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/posts\/38015\/revisions"}],"predecessor-version":[{"id":38016,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/posts\/38015\/revisions\/38016"}],"wp:attachment":[{"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/media?parent=38015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/categories?post=38015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/tags?post=38015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}