Gov. Cuomo announces grant to SUNY that will spur innovation, jobs
ALBANY, N.Y. — Gov. Andrew Cuomo announced that New York has received a $110 million federal grant to support high tech businesses and create jobs. The funds were awarded to a program led by the SUNY Polytechnic Institute.
The state was selected by the United States Department of Defense to lead a prestigious, multi-state Integrated Photonics Institute for Manufacturing Innovation. The selection is part of a White House initiative to secure the United States’ global leadership in emerging technology research, development, and manufacturing. Photonics harnesses the power of light to move data at great speeds, and the research done at the new Institute will integrate photonics components to revolutionize computer chips, making them faster, smaller, and more reliable with a wide range of applications, including medical technology, defense, telecommunications, the Internet, and information technology.
A $110 million federal grant awarded to the SUNY Polytechnic-led “American Institute for Manufacturing Integrated Photonics” will support a high-tech consortium with business operations, a company incubator and accelerator, workforce training, and board of directors headquartered in Rochester. More than $250 million in public and private funds will by New York State to equip, install, and make operational a state-of-the-art photonics prototyping operation. The institute’s work will create and support thousands of advanced research and manufacturing jobs across Upstate and the United States and lead to major advances within a wide range of practical applications.
“New York has always been a leader when it comes to thinking big about what tomorrow holds – and today in Rochester, we’re seeing an even brighter vision for what the future will be,” Cuomo said. “This announcement is proof that the best is yet to come for New York’s high-tech industries. We’ve turned our economy around, we’re making the investments to keep it going, and this new institute is another example of how Rochester is the vision for the economy of the future.”
Source: Gov. Andrew Cuomo