U.S. Department of Commerce Announces $1.25 Million Investment to Support Advanced Manufacturing in Upstate New York
Contact: EDA Public Affairs Department, (202) 482-4085
January 18, 2017
WASHINGTON - U.S. Assistant Secretary of Commerce for Economic Development Jay Williams today announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million grant to the Research Foundation for the State University of New York (SUNY) to help establish the Advanced Manufacturing Performance Center. According to the grantee, the project is expected to create 2,800 new jobs and spur $2 billion in private investment.
“The EDA is committed to supporting locally-driven plans to spur new opportunity and jobs in the manufacturing sector,” said Assistant Secretary Williams. “This EDA investment will help to establish a new Advanced Manufacturing Performance Center that will drive the region’s research and development and workforce training needs forward.”
The EDA investment supports activities of the Advanced Manufacturing Performance Center at SUNY Polytechnic’s Albany and Utica campuses. The project will focus on three phases – research, development and workforce development, all of which will help strengthen and enhance diversification of the region’s advanced manufacturing cluster, boost new commercial and industrial development, and create economic opportunity for job creation and private investment in the region.
About the Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.