SULLIVAN, N.Y. — U.S. Senate Majority Leader Charles Schumer (D–N.Y.) has Micron Technology’s (NASDAQ: MU) $100 billion investment in Clay in mind with his latest legislative proposal.
On Monday, the Democrat revealed the ONSHORE Act, a proposal targeting federal investment to “breathe new life” into industrial sites across upstate New York and bring manufacturing jobs back from overseas.
Specifically, the new federal legislation would provide $100 million per year for five years in dedicated funding for a “critical” supply chain site-development grant program within the Economic Development Administration (EDA). Through this program, EDA would provide assistance for site and utility readiness, workforce development, distribution, and logistics, to prepare strategic mega sites and regionally impactful sites across places like upstate New York for new industrial investment.
Schumer spoke at Chapman Park at 1463 Route 31 in the Bridgeport area of the town of Sullivan in Madison County.
Schumer said that this proposal would help provide “much-needed” federal support with “major” site-readiness and workforce development that can boost sites like Harbor Lights Business Park in Madison County; White Pine Commerce Park in Clay; and the Marcy Nanocenter in Oneida County, per the lawmaker’s office.
“Micron’s historic investment as well as investment’s like Wolfspeed’s at Marcy Nanocenter, are proof positive that with increased support for shovel-ready sites and workforce development, in tandem with the federal incentives I led to passage, we can bring manufacturing and good-paying jobs back from overseas to Central New York and the Mohawk Valley. The ONSHORE Act is about preparing our industrial sites and workforce to tap into Upstate NY’s amazing assets to power the revival of American manufacturing. Upstate NY can tap the ONSHORE Act to supercharge critical industries like chips and clean technology and ensure they are made in America, including right here in places like CNY and the Mohawk Valley,” Schumer said in the news release. “The ONSHORE Act will build on the historic new investments and manufacturing boom that Upstate NY is already seeing from the bills I pushed through into law last Congress, and I will fight tooth and nail to lead the ONSHORE Act to passage to continue to deliver federal investment in manufacturing across Upstate NY.”
For his announcement, Schumer was joined by Onondaga County Executive Ryan McMahon; Madison County Administrator Mark Scimone, Madison County Board Chairman and Sullivan Town Supervisor John Becker; Madison County IDA Executive Director Kipp Hicks; Robert Simpson, president and CEO of Centerstate CEO; and New York State Senator Joe Griffo (R–Rome).