Community Investment Framework defines Micron’s partnership with Empire State Development, benefiting Central New York and America’s manufacturing management
Investments made doable by the state’s historic Green CHIPS laws and federal CHIPS and Science Act
SYRACUSE, N.Y., Oct. 27, 2022 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ: MU), one of many world’s largest semiconductor firms and the one U.S.-based producer of reminiscence, and Governor Kathy Hochul welcome President Joe Biden and different federal, state and native officers to Central New York the place Micron plans to make investments up to $100 billion over the following 20-plus years to construct a modern reminiscence megafab. With the signing of the Community Investment Framework, Micron will mark its preliminary group and workforce commitments established with Empire State Development (ESD). This framework encompasses the $500 million Green CHIPS Community Investment Fund centered on supporting workforce improvement, schooling, group belongings and organizations, and reasonably priced housing, in addition to different initiatives that make sure the Central New York workforce can have the superior abilities wanted to maintain modern semiconductor manufacturing.
Micron will make investments $250 million within the Fund and a further $100 million shall be invested from New York, with $150 million from native, different state and nationwide companions. The firm will even set up a Community Advisory Committee consisting of 11 numerous group members, as well as to representatives from native and state governments in addition to Micron. The Committee will determine priorities and potential areas for funding from the Fund. Through this strategy, Micron and ESD purpose to higher perceive and handle the wants of the Central New York group and make focused investments all through the area. Governor Hochul, Empire State Development CEO Hope Knight and Micron President and CEO Sanjay Mehrotra will signal the Community Investment Framework, alongside native companions, endorsing the spirit of collaboration with ESD to spend money on the area. Micron’s plans to construct a megafab in New York, which can create practically 50,000 New York jobs together with roughly 9,000 high-paying Micron jobs, is the results of the bipartisan work of Congress and the Biden Administration to cross the CHIPS and Science Act.
“We are honored to host President Biden and many prominent leaders today in Central New York, the future site of Micron’s new leading-edge megafab that will fuel U.S. innovation for years to come,” mentioned Micron President and CEO Sanjay Mehrotra. “To secure U.S. leadership in semiconductor manufacturing, cultivate American innovation and ensure economic and national security, it is imperative we come together to build and transform a workforce for the future. Our commitments through the Community Investment Framework represent the first foundational steps toward Central New York’s transformation.”
“Micron’s historic $100 billion investment secures a bright economic future for generations of New Yorkers in Onondaga County and across the state, and this transformative project cements New York’s manufacturing leadership,” Governor Hochul mentioned. “In addition to nearly 50,000 jobs, deep commitments to sustainability, and opportunities for minority- and women-owned businesses and disadvantaged communities, this project’s $500 million community fund will sustain the region in the long term with investments in workforce, housing, and infrastructure. I am thrilled that President Biden could join us for this once-in-a-generation announcement, and I look forward to working closely with our local, state, and federal partners, as well as the business and labor communities, to bring one of the largest economic development projects in U.S. history to fruition.”
Building the Workforce of the Future
Both conventional and nontraditional workforce improvement pathways are important to prepare the workforce on the scale essential for the U.S. semiconductor business. The workforce of the longer term would require gifted engineers and technicians with numerous talent units to handle and function state-of-the-art cleanroom amenities and develop superior engineering options. Micron is dedicated to efficient and artistic options that increase the workforce and make these careers accessible to all, notably to people in underrepresented and rural communities.
In line with Micron’s technique to associate with main greater schooling establishments within the area, Micron and Onondaga County will collectively make investments $10 million, with Micron investing $5 million over 10 years, to construct and outfit a cleanroom at Onondaga Community College and help improvement of the college’s technical curriculum. This funding will present college students entry to superior manufacturing strategies and tools to put together them for technician and engineering roles inside Micron’s manufacturing facility.
Micron will even look to faucet Central New York’s important army inhabitants, a extremely expert and gifted pool of labor important to scale U.S. high-tech manufacturing. In coordination and partnership with Micron, Syracuse University’s D’Aniello Institute of Veteran and Military Families (IVMF) will help veteran talent improvement for superior manufacturing jobs and transitions into Micron and different business roles. Micron will even set up an internship program designed to put together college students for full-time positions as engineers, scientists and different important roles within the semiconductor business, with recruitment centered closely on veterans and college students from historically underrepresented communities. Micron aspires to rent greater than 1,500 veterans within the area over twenty years in Central New York, aligned with Micron’s objectives for veteran hiring.
In addition, Micron has entered right into a Project Labor Agreement with native commerce unions, which establishes a framework for labor-management cooperation and stability all through the development of the brand new megafab. This settlement outlines using the Center for Military Recruitment, Assessment and Veterans Employment and its “Helmets to Hardhats” program. It additionally requires contractors to donate one cent per hour for every craft hour labored on the challenge to the Pathways for Apprenticeship program, a part of Syracuse Build, to promote illustration of minorities and girls within the challenge workforce.
As a part of Micron’s dedication to improve provider range, Micron will work to make sure that 30% of the challenge’s eligible building spend, and 20% of its eligible ongoing annual working spend, is awarded to firms owned by people from historically underrepresented communities, with precedence given to New York State Certified Minority/Women Owned Business Enterprises and Service-Disabled Veteran Owned Businesses. Micron will encourage building contractors and subcontractors to use Syracuse Build as a first-source mannequin to determine candidates for hiring from deprived populations.
Investing in STEM Education For All
STEM schooling in Ok-12 by post-secondary education and coaching applications is crucial to create a talented expertise pipeline. Micron will spend money on native education schemes and empower under-resourced youth to pursue careers in STEM to help constructing a extra numerous and inclusive expertise business at massive.
As a part of Micron’s dedication, the corporate will make investments $10 million over 10 years within the Syracuse STEAM college — the primary collaborative college within the space designed to combine the areas of science, expertise, engineering, the humanities and arithmetic — in addition to different Ok-12 applications within the area to attain traditionally marginalized college students and scale back limitations to future STEM careers. The regional facility will supply unprecedented alternatives in rising applied sciences and the humanities to socioeconomically, racially and geographically numerous college students. This funding will function a catalyst for future personal developments and collaboration within the area.
Additional Micron group commitments embody a partnership with Syracuse University to help new, numerous school whose analysis and educating will prepare the workforce of the longer term by the University’s Future Professors Fellowship Program. Micron will even proceed supporting engineering schooling with regional universities together with Clarkson, Rensselaer Polytechnic Institute, Cornell and others. The robust community of northeastern universities will improve the corporate’s present partnership with Rochester Institute of Technology and additional improve illustration of scholar teams all through the engineering and science pipeline.
Engaging With Local Communities
Micron prioritizes investing in and enriching the communities the place its group members stay and work. In help of kid care and early childhood readiness applications, Micron will make an preliminary $500,000 funding within the YMCA of Central New York. This funding goals to increase entry to high-quality little one care and early studying for underserved communities within the area. Micron will proceed to associate with the YMCA and different organizations to determine future investments that empower youngsters and households and construct an equitable and inclusive group for all.
Micron will launch a $500,000 Museum of Science & Technology (MOST) sponsorship. Micron funds will help a long-term MOST exhibit that gives college students and their households with hands-on experiences to study semiconductors and their widespread functions. In addition, Micron will make midwinter- and spring-break MOST science camps obtainable to college students without charge and host a STEM schooling sequence, in addition to design challenges, that promotes steady studying.
Micron’s focus extends deeper into group infrastructure and companies, together with plans to make investments $10 million in enterprise funding in partnership with the regional tech ecosystem to help and appeal to new business to Central New York.
Recognizing that ongoing and productive engagement with the group is important to the success of each society and revolutionary firms like Micron, the corporate plans to host quarterly group city halls to present alternatives for Clay, Syracuse and Onondaga County group members to share direct suggestions on methods Micron can help their wants.
Additional Micron Commitments
Outside the Community Investment Framework, Micron will proceed evaluating methods to help the Central New York area to domesticate the following era of expertise, speed up financial alternatives for underserved communities, help the area’s infrastructure and construct a various labor pool.
In line with this prolonged dedication, Micron will set up Syracuse University’s Future-Ready Workforce Innovation Consortium on the College of Professional Studies. In partnership with the Central New York business group, commerce unions, group faculties and different four-year establishments in New York State and past, Micron will collaborate with Syracuse University to implement a multidimensional and inclusive strategy to workforce improvement, upskilling and skilled retention. The Future-Ready Workforce Innovation Consortium will foster an ecosystem for abilities coaching, tutorial and partnership applications designed to help Micron’s workforce and expertise improvement technique.
Micron will proceed evaluating alternatives to leverage group and minority monetary establishments as the corporate grows within the area. This consists of making $10 million in deposits with Minority Depository Institutions (MDIs) that serve Central New York.
To perceive and handle the challenges related to entry to reasonably priced housing, Governor Hochul introduced that the state of New York shall be main an initiative in partnership with Micron and native governments to additional determine insurance policies that help higher infrastructure, housing alternatives, social and monetary inclusion, and the particular and distinctive hurdles that can face the Syracuse area. The findings will present a basis for each short-term alternatives and long-term methods that Micron can leverage as a dedicated group associate.
Micron will additional deal with constructing a bridge between underserved college students and STEM careers in Central New York by the corporate’s premier, no-cost STEM schooling program, Chip Camp, for center and highschool college students. The program will attain roughly 70 to 100 college students every week, offering them with alternatives to learn the way semiconductors are made and how STEM abilities translate into Micron careers.
Statements From Federal, State and Local Leaders
Below are feedback made by numerous leaders about Micron’s historic funding and the corporate’s group efforts:
“We are thrilled to welcome President Biden home to Syracuse! Micron’s unprecedented $100 billion investment is a once-in-a-generation opportunity for Central New York that will fundamentally transform the region, create tens of thousands of good-paying manufacturing and union construction jobs, strengthen our national security, and breathe new life into America’s legacy as a leader in innovation. Thanks to our CHIPS and Science Bill, and visionary projects like Micron’s, manufacturing is coming back to America and places like Upstate New York. This is our Erie Canal moment and will add to Upstate New York’s semiconductor corridor from the Hudson Valley and Capital Region to the Mohawk Valley and Rochester to ensure the future is built in Upstate New York. This project will be a national blueprint for what investing in workers, the community, and environmental sustainability looks like – and it is because of the leadership of President Biden that we are now building America’s future here in Upstate New York.” – Senate Majority Leader Chuck Schumer
“Over the past few years, U.S. consumers and companies have felt the crippling economic impact of overreliance on foreign companies for semiconductors and disruption of American supply chains. That’s why I fought hard to pass the CHIPS and Science Act of 2022, which is delivering billions in resources to build our domestic chip industry across the nation and helped solidify Micron’s decision to bring their campus to Upstate New York. This tremendous investment will have a ripple effect across Central New York, creating as many as 50,000 well-paying jobs in our state. Thank you, President Biden for visiting Syracuse to celebrate these investments and for being a partner in our efforts to strengthen national security, create good-paying jobs, and pave the way for U.S. leadership in semiconductor technology. I look forward to working with Micron and Central New York to ensure our community has the tools and training to do this important work.” – U.S. Senator Kirsten Gillibrand
“I am honored to welcome Micron Technology to Central New York. Micron’s $100 billion investment will create good-paying jobs, jump-start our regional economy and transform Central New York into a hub for semiconductor manufacturing. This is a game-changer for our region, and I am proud to have worked in a bipartisan manner to make the dream of this investment a reality.” – U.S. Representative John Katko
“The Central New York community continues to celebrate Micron’s announcement that it will invest up to $100 billion and create 9,000 direct jobs over the next two decades. However, it is the commitments Micron is making through the Community Investment Framework that make this historic deal one that is both transformative for all in Central New York, and the new standard for economic development nationwide. Micron’s investment ensures that this entire community will have the chance to benefit both now and in the decades to come. Micron’s commitment to work with local partners is unprecedented and will scale job-readiness programs, prepare our youngest community members for future careers, expand entrepreneurial and innovation programming, and connect MWBE suppliers to this project. As we work toward our organization’s mission to create a community where businesses thrive and all people prosper, we are exceptionally grateful to have Micron as a partner who shares our vision.” – Robert M. Simpson, President, CenterState CEO
“We are honored to welcome President Biden, Micron CEO Sanjay Mehrotra and his team, and elected leaders from across our region, New York state, and the nation to the Onondaga Community College campus for today’s historic event. We are proud to be one of Micron’s education partners in their $100 billion investment and look forward to working closely with them as we transform our entire region. Preparing for the education process will include construction of a high-tech “cleanroom” on our campus the place college students can study and put together for rewarding careers within the semiconductor business. We thank Gov. Kathy Hochul, SUNY Chancellor Deborah Stanley, and Onondaga County Executive Ryan McMahon for his or her help as we proceed to rework our campus to meet the wants of our workforce companions. Onondaga Community College has come a good distance since we opened our doorways to college students 60 years in the past in an deserted typewriter manufacturing unit in downtown Syracuse. We are excited to be a part of this challenge, which can rework our area for the following 60 years and past.” – Dr. Warren Hilton, Onondaga Community College President
“In partnership with Micron, our team is rolling up our sleeves and getting to work. Already, we have several initiatives underway. These include the creation of the Syracuse University Future-Ready Workforce Innovation Consortium, efforts to ramp up Micron’s hiring of veterans and the further investment in the Future Professors Fellowship Program. Individually, these are great opportunities for our university and our community. Combined, they represent transformative and innovative ways to reimagine and reshape how we prepare the next generation of leaders, innovators and disruptors.” – Kent Syverud, Syracuse University Chancellor
“The addition of Micron to the Central New York community will provide the Liverpool Central School District, as well as districts across the region, with numerous educational opportunities for students in grades K-12. Programs such as Chip Camp, Girls Going Tech and Careers in a High-Tech World will enhance Liverpool’s newly introduced career pathways that will prepare our students for their future careers. We look forward to working with Micron for years to come.” – Daniel G. Henner, Liverpool Central School District Superintendent of Schools
“On behalf of the Central-Northern New York Building & Construction Trades Council, I’m happy to welcome Micron to New York. Micron’s workforce development programs will harness the skills and hardworking nature of New Yorkers, especially those from underserved communities who may not have seen traditional career paths in their futures. The Project Labor Agreement between Micron and our local trade unions will support the representation of minorities, veterans and women in the project workforce while ensuring stability and cooperation with the talented union labor of our region throughout the project. From developing apprenticeship programs to intentionally selecting contractors, Micron is demonstrating its commitment to our community and the incredible potential of our workforce.” – Greg Lancette, New York State Pipe Trades Association President
For extra info, reference the New York Community and Workforce Investment truth sheet at Micron.com/NY.
About Micron Technology, Inc.
We are an business chief in revolutionary reminiscence and storage options remodeling how the world makes use of info to enrich life for all. With a relentless deal with our clients, expertise management, and manufacturing and operational excellence, Micron delivers a wealthy portfolio of high-performance DRAM, NAND and NOR reminiscence and storage merchandise by our Micron® and Crucial® manufacturers. Every day, the improvements that our individuals create gasoline the information economy, enabling advances in synthetic intelligence and 5G functions that unleash alternatives — from the information middle to the clever edge and throughout the shopper and cell consumer expertise. To study extra about Micron Technology, Inc. (Nasdaq: MU), go to micron.com.
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