The Upstate Economy
Business and economic developments affecting the central and northern regions of upstate New York.
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President Joe Biden announced Thursday in downtown Syracuse the $6.1 billion dollars in federal CHIPS and Science Funding which will help make Micron's $100 billion megafab project in Clay a reality.
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The president spoke Thursday at the Museum of Science and Technology in Syracuse to announce a package of grants totaling $6.1 billion for Micron to build a megafab complex in the Town of Clay.
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President Joe Biden will visit Syracuse on Thursday to formally announce the preliminary agreement between the Department of Commerce and Micron providing Micron with up to $6.14 billion in direct funding under the CHIPS and Science Act.
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Despite the overcast skies in both cities, hotels were fully booked and there was increased foot traffic throughout the downtown areas frequenting local businesses.
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The Zoo leadership is looking for $750,000 in yearly payments from local government funding for at least five years, split evenly between the City of Watertown and Jefferson County.
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If all coins sell each organization would receive $4.75 million.
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The zoo is cutting back operations and is closed to the public until further notice.
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The company will begin producing high-tech printed circuit boards in a new $130 million cutting-edge manufacturing facility next to its current operation in DeWitt.
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The Port of Oswego Authority is losing over $1 million for each day the St. Lawrence Seaway is shut down due to a Canadian union strike according to port CEO and Executive Director William Scriber.
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Local food pantries expect to see the impact of the end of federal emergency SNAP benefits.