Economy

Governor Kathy Hochul visits Queens Center to present a major proposal for the 2025 State of the State Address, which focuses on enhanced subway safety and the first-ever state-wide inflation refund in New York history (WNY News Now). Building on her pledge to put money in New Yorkers' pockets, Governor Kathy Hochul strolled with shoppers at Queens Center in Elmhurst to discuss her initial plan for the 2025 State of the State's affordability agenda, which includes the first-ever state-wide inflation refund. Governor Hochul also talked about her ongoing attempts to increase the number of National Guard personnel in order to make the subway system safer for passengers. We appreciate your presence at the world's most varied location. Not only in Queens or New York, but right here at Queens Ce...

(WNY News Now) Governor Kathy Hochul has announced a number of economic development contracts that will support almost 1,800 jobs around the state, including significant projects in Western and Northern New York, and infuse over $940 million in capital investments.Governor Kathy Hochul has announced 20 companies would receive economic development awards that will support 1,774 jobs and generate over $940 million in capital projects. The New York Power Authority (NYPA) Board of Trustees authorized the grants, which include cash awards to companies in Western New York and the North Country, statewide ReCharge NY power allocations, and a hydropower allocation to Wells Enterprises in Chautauqua County, Western New York.By luring businesses to New York and encouraging job creation, economic d...

(WNY News Now) – Governor Kathy Hochul announced yesterday that New York State has been designated the location for the nation’s first National Semiconductor Technology Center (NSTC) facility at the NY CREATES’ Albany NanoTech Complex.Governor Kathy Hochul celebrated the designation of NY CREATES’ Albany NanoTech Complex as the location of the CHIPS for America EUV Accelerator, an NSTC facility. This announcement marks an anticipated significant investment in EUV research and development under the Biden-Harris Administration’s CHIPS and Science Act. This prestigious designation unlocks $825 million in federal funding and makes New York State the first state in the nation to land one of three NSTC facilities.Like Majority Leader Schumer, I am speechless about what today means. I truly am. B...