The advantages to advance your goals.
With a highly educated workforce, world-class R&D assets, advanced infrastructure, globally competitive incentives, and unparalleled industry support, no state offers more advantages for semiconductor and supply chain companies looking to build, innovate, and grow than New York State.
BUILD
A focused, streamlined building process.
Go from site planning to operations faster. Companies here can rely on state, local, and federal stakeholders working in unison to provide coordinated support across site selection, permitting, workforce development, incentives, and research partnerships.
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$13B
in performance-based tax credits for qualified semiconductor investments
$700M
invested to develop and improve shovel-ready sites across state
8,800
acres of improved industrial property, with more in the pipeline
Innovate
Leading research and development capabilities.
Come to New York and shape what’s next. Our world-class ecosystem contains the talent and the research facilities necessary to design, develop, and test tomorrow’s semiconductor technology.
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3rd-Most Tier 1
research institutions in the U.S.
No. 1
in the Northeast for STEM graduates
No. 1
largest and most advanced open-access semiconductor R&D facilities in North America
$10B
invested in the nation’s first and only open-access High NA EUV Lithography R&D Center
Grow
Long-term stability, in the nation’s fastest-growing semiconductor ecosystem.
New York has everything you need to grow: world-class research, long-term public commitment, and strong partnerships. Here, you can connect with a reliable supply chain, find workforce talent, plan for the future with sustainable resources, and grow where innovation is happening.
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156+
semiconductor companies and suppliers with in-state presence
1 in 4
U.S.-made chips will be manufactured in and around New York by 2030, more than any other region
0%
corporate state tax rate for qualified manufacturers
$100B
invested by Micron to build the largest megafab in U.S. history
SUSTAINABILITY
Resources for the future
Access to reliable clean energy, abundant freshwater resources, a resilient utility infrastructure, and sustainability incentives through the Green CHIPS program. New York has the resource stability that semiconductor manufacturers and suppliers need for long-term success.
01
Clean, affordable energy
New York plans to deliver 100% clean electricity by 2040, with nearly half already from zero-emission sources such as solar, wind, hydroelectric, and nuclear generation.
02
The Green CHIPS program
The Green CHIPS program offers up to $10 billion in economic incentives, including tax credits and discounted utility delivery rates for semiconductor manufacturing operations that are designed to reduce or mitigate greenhouse gas emissions.
03
Ample resources
The state has access to 90% of North America’s and 20% of the world’s fresh surface water, including two Great Lakes and 87,000 miles of rivers and streams and thousands of lakes, ponds, and reservoirs.
01 Clean, affordable energy
02 The Green CHIPS program
03 Ample resources
Sustainability by the numbers
100%
carbon-free electricity grid by 2040
47%
of electricity sourced from zero-emission sources
87K
miles of rivers and streams
7.85K
lakes, ponds, and reservoirs
Inside the Albany Nanotech Complex, the largest and most advanced semiconductor research facility in the United States.
The Truth about New York
Let the record show: New York is good for business
Truth #1
Cost
Business opportunities in New York are accessible.
Doing business in New York benefits your bottom line. Qualified manufacturers in New York enjoy an as-of-right 0% corporate income tax rate and the state offers over $13B in incentives specifically for semiconductor companies. New York State is even helping to derisk new hires by providing refundable tax credits on up to 75% of training, wages, and wraparound support costs. These incentives make it even easier for companies to tap into all the advantages of America’s fastest growing semiconductor ecosystem.
Truth #2
Talent
New York has a skilled and available workforce.
A highly skilled workforce and talent pipeline stands ready, from the construction site to the fabrication plant cleanroom. The state has invested more than $750 million in workforce development, including 150 semicon-related training programs, four new state-of-the-art advanced manufacturing workforce training centers, and partnerships across SUNY, the country’s largest comprehensive public university system. With the Northeast’s highest STEM graduate count and over 577,000 skilled construction laborers across New York, you can build now and innovate faster.
Truth #3
Innovation
New York is a leader in advanced research, development, and manufacturing.
New York is home to North America’s largest and most advanced semiconductor R&D facility of its kind: NY Creates’ Albany NanoTech Complex. With its $10 billion High-NA EUV Center, it will offer capabilities not found anywhere else. Meanwhile, the NY SMART I-Corridor is the only federally designated end-to-end semiconductor manufacturing tech hub, uniting the state’s researchers, manufacturers, and economic development partners to accelerate innovation. New York is also third in the nation in the number of Tier 1 research institutions and the number of semiconductor patents produced.