Follows Historic $100 Billion Investment from Micron to Create 50,000 Jobs in Central New York – The Largest Manufacturing Project in State History
Builds on Governor’s Successful Business Attraction Efforts to Bring Leading Manufacturing Businesses and Thousands of Good-Paying Manufacturing Jobs to New York
Governor Signed Landmark Green CHIPS Legislation to Boost Sustainable Semiconductor Manufacturing in New York and Create 21st Century Jobs
Governor Also Issued a Proclamation Declaring October Manufacturing Month; Read Proclamation Here
Governor Kathy Hochul today celebrated National Manufacturing Month by unveiling New York’s nation-leading manufacturing job growth numbers, which show that New York State has added more than 13,300 new manufacturing jobs since 2021 – leading the nation in manufacturing jobs brought back from overseas. The data (available here) points to the continued resurgence of New York’s manufacturing sector, following a decades-long decline in manufacturing, and reflects the Governor’s continued support for the manufacturing sector to attract leading businesses and create good-paying jobs in New York State. It also follows several major actions from Governor Hochul to bring leading manufacturing businesses to New York.
In addition, Governor Hochul signed a proclamation declaring October Manufacturing Month in New York State as part of her continued commitment to the industry. A link to the Governor’s proclamation is available here.
“New York’s manufacturing sector is in the midst of a major renaissance, and we’ve got the jobs, the businesses, and the investment to prove it,” Governor Hochul said. “After decades of decline across the manufacturing industry, my administration is turning the sector around with historic actions to bring leading businesses to our state, encourage green and sustainable business practices, and prepare the workforce for the manufacturing jobs of tomorrow. Manufacturing is at the core of our state’s history and identity, and this Manufacturing Month, I am reaffirming my commitment to building up this sector to attract the best businesses and provide good-paying, middle class jobs in New York State.”
Manufacturing is a major driver of the New York’s economy. Roughly 420,000 New Yorkers work in manufacturing and the sector contributed more than $83 billion to New York’s gross domestic product in 2022. The state has one of the largest semiconductor manufacturing industries in the nation with more than 10,300 jobs, $2 billion in exports, and 72 semiconductor facilities across the state. New York is also home to a vibrant agribusiness sector, ranking first in the nation for yogurt production and among the top states in the country for its number of cideries, breweries, distilleries, and wineries. With 13,379 new manufacturing jobs since 2021, New York also leads the nation in reshoring manufacturing jobs back from facilities overseas.
Empire State Development President, CEO and Commissioner Hope Knight said,“ Manufacturing is a cornerstone of our economy, a part of our state’s legacy and vital to our future. Under Governor Hochul’s leadership, we are creating an ecosystem where manufacturing can thrive. Through incentive programs such as the nation-leading Green CHIPS or by investing in the workforce of tomorrow through the Office of Strategic Workforce Development, New York State is building on its proud manufacturing heritage and creating a better future for all New Yorkers.”
New York State Department of Labor Commissioner Roberta Reardon said, “New York’s manufacturing renaissance is a testament to the unwavering dedication and strategic vision of Governor Hochul. These new job opportunities represent families sustained, dreams realized, and a brighter future for our State. This is a proud moment for New York, as we set the gold standard for manufacturing excellence in the nation.”
Governor Hochul has led a robust business attraction effort to bring new manufacturing businesses to New York, expand existing businesses, and grow and retain critical jobs. In October 2022, Governor Hochul announced Micron’s plans to build a semiconductor manufacturing campus in Central New York, generating $100 billion in investment over the next 20 years and creating 50,000 new jobs – making it the largest manufacturing project in New York State history. The Governor has also announced that:
- The Coca-Cola Company has selected New York State for a new fairlife dairy production facility, which will create up to 250 new jobs in Monroe County.
- Li-Cycle, a Canadian lithium-ion battery resource recovery company, reached an agreement with New York State expanding its operations in Monroe County, creating an additional 270 new jobs.
- Clothier Tom James has acquired the 112-year-old former Hickey Freeman manufacturing facility in Rochester to expand its operations to the Finger Lakes region, retaining 200 jobs previously at risk with a commitment to growing employment on site to 245 net jobs over the next five years.
- PlugPower’s state-of-the-art green hydrogen fuel production manufacturing facility will create up to 1,600 new jobs in the Capital Region.
- Edwards Vacuum, a British-based world leader in vacuum and abatement equipment in the semiconductor industry, will build a 240,000 square-foot facility at New York’s Science & Technology Advanced Manufacturing Park (STAMP) in Western New York, creating 600 new jobs in Genesee County.
- GE Vernova is locating an onshore wind nacelle manufacturing operation in Schenectady, creating at least 160 renewable energy jobs.
- Cummins Inc., a global power and technology company, is making a major investment at its 998,000-square-foot Jamestown Engine Plant that will help the company meet its sustainability and emissions reductions goals and create 90 new jobs.
Governor Hochul has maintained a strong commitment to supporting New York’s manufacturing sector, which has long served as a major employer for the state and a critical path to good-paying, middle-class jobs. Qualified New York manufacturers benefit from a zero percent rate on their business income base, a reduced tax rate and cap on their capital tax base, lower fixed dollar minimum tax amounts, and a real property tax credit.
In August 2022, the Governor signed New York’s landmark Green CHIPS legislation to help the state attract leading chip manufacturers, generate at least $3 billion in investment, and create at least 500 new jobs per project. Governor Hochul has committed $350 million in funding through the Office of Strategic Workforce Development to train New Yorkers for the jobs of tomorrow and has identified manufacturing as one of seven priority sectors for investment. In addition, the Governor is committed to maintaining the New York Manufacturing Extension Partnership, a network of organizations that provide growth and innovation services to small- and mid-sized businesses, which currently serves 600 businesses across the state.