STATEWIDE — GOV. KATHY HOCHUL has launched POWER UP, a $300 million initiative to make New York’s industrial sites both shovel-ready and power-ready for next-generation industries, including semiconductors, agribusiness and “cleantech.”
The program funds major electrical and transmission upgrades at sites of 40 or more contiguous developable acres, aiming to cut years off development timelines and attract advanced manufacturing.
“Bringing advanced manufacturing businesses that will create good-paying jobs in New York State has been a pillar of my administration, and that requires a proactive strategy that adapts to meet the needs of modern employers,” Hochul said. “As businesses grow and technologies evolve, more power capacity is needed, and POWER UP will help ensure that our sites are shovel-ready and power-ready.”
Backed by $100 million in the FY26 budget, POWER UP complements the FAST NY industrial development grant program, which has awarded $283 million to 34 upstate sites. Letters of intent are now open, with a Dec. 10 webinar scheduled for applicants.
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