Governor Hochul Announces Next Round of $500 Million Green Chips Community Investment Fund Now Open

What this means

A factual summary is pending editorial review. The complete official release is reproduced below with issuer attribution and a direct link to the original publication.

Official release

Source material from New York Empire State Development. The wording below is the issuer’s statement.

Established in Partnership with Micron Technology, Fund Assists with Locally Driven Projects in Central New York

First Round Awarded More Than $43 Million for Regional Priorities

Governor Kathy Hochul announced today that proposals are being accepted for the next round of the historic public-private Green CHIPS Community Investment Fund (CIF). The fund represents a $500 million partnership between Empire State Development (ESD) and Micron Technology, Inc. designed to maximize the regional impact of Micron’s investment in Central New York while expanding access to opportunities created by the project. Forged by Governor Hochul as a core component of Micron’s participation in the Green CHIPS program, this fund ensures that the region’s growth translates directly into housing, workforce development, and job training for all Central New Yorkers.

“The collaborative Green CHIPS Community Investment Fund is working to guarantee that all New Yorkers will benefit as the result of Micron’s game changing investment,” Governor Hochul said. “Opening up the next round of this transformative initiative will further cement our valued partnership with Micron and local stakeholders, creating extraordinary opportunities in Central New York.”

All entities seeking Green CHIPS Community Investment Fund grant funding must submit an initial Letter of Intent through the Consolidated Funding Application portal. Initial proposals will be received and reviewed on an ongoing basis by funding partners. Letter of Intent submissions will be reviewed by ESD and Micron and those that align with program goals will be invited to submit a full application. Additionally, Empire State Development, in partnership with Micron, will hold a workshop to educate potential applicants about the Community Investment Fund application process on Wednesday, October 7. Register and learn more about future sessions here.

The Fund was established to maximize the benefits of Micron’s $100 billion investment in New York State, which represents a generational opportunity for Central New York. Micron’s presence will create 50,000 jobs, including 9,000 new, high-paying Micron jobs and thousands of high-skilled construction jobs. When complete, the complex will include clean room space at approximately 2.4 million square feet, the size of nearly 40 football fields.

In April 2023, the Micron Community Engagement Committee (CEC) was formed to identify community priorities and create a framework for directing investments in areas such as workforce, education, community assets, and housing. The CEC, with input from more than 12,000 central New Yorkers, developed the Community Priorities Document — a living document which serves as a guiding strategy to ensure widespread benefits from the Community Investment Fund.

To date, Micron has committed more than $50 million to New York schools, teachers, childcare providers, nonprofits, veterans and other community organizations. Early community investments include Onondaga Community College’s Micron Cleanroom Simulation Lab, the Syracuse STEAM School, Syracuse University’s D’Aniello Institute for Veterans and Military Families Semiconductor Hub, the YMCA of Central New York’s early childhood programs, the MOST and other STEM programming across the region.

In March 2026, Governor Hochul announced that Micron had awarded more than $35 million in community investments for Central New York as construction began on what will be the largest semiconductor manufacturing facility in the United States. This includes a $30 million contribution to the recently announced $150 million Housing CNY Fund. Additionally, the state is providing $8.5 million for initiatives and programs that will strengthen housing, workforce development, job training and creation, and economic growth within the region in preparation for the Micron project.

Read the full press release here.

Release text attributed to New York Empire State Development. Consult the official publication for any subsequent corrections or updates.