Power through partnerships
National Grid has a long history of supporting and driving economic development in Upstate New York. Perhaps no better example of this is National Grid’s twenty-year commitment to assisting in the development and growth of the nanotechnology industry in New York State. National Grid has collaborated from the very beginning with state and local economic development agencies, private industry, and academia on what is now an internationally recognized model for public-private partnerships in technology-led economic development. We have invested millions across Upstate New York to fund strategic outreach and marketing to the semiconductor industry, establish the NY Loves Nano brand, and prepare shovel ready sites.
National Grid has been – and continues to be – an integral partner in providing critical engineering and planning support for the sophisticated electricity transmission infrastructure that today’s intensely high tech firms demand. We played a pivotal role in helping to launch Luther Forest Technology Campus, where GLOBALFOUNDRIES has invested more than $12 billion to locate and expand its semiconductor manufacturing (or wafer fabrication) plant, creating 3,500 new jobs in the process and transforming the Capital Region. Expanding on that success, National Grid continues to support the State’s vision for a nanotech corridor spanning Upstate.
National Grid’s investment – through transformative state, local, and private partnerships – in site development and infrastructure helped advance projects such as:
- RiverBend in Buffalo NY, where Solar City is establishing the largest solar manufacturing plant in the Western Hemisphere;
- Science and Technology Advanced Manufacturing Park (STAMP) for nanoelectronics and advanced manufacturing, where the initial anchor tenant, 1366 Technologies, plans to create up to 1000 new jobs;
- and the NANO Utica initiative in the Mohawk Valley, where the 450-acre Marcy site will house AMS and support more than 4,000 new jobs over the next ten years.
In 2015, our programs supported Upstate New York projects generating over $717 million in new capital investment and creating almost 1,600 new jobs. That same year, we approved nearly $11 million in new potential grants statewide, one of our largest-ever annual funding commitments. Since 2003, $7.8 billion has been invested – and more than 35,000 jobs created or retained – in Upstate New York as a result of projects receiving National Grid funding.
We aren’t done yet! National Grid will continue its investment to help create vibrant, healthy, and resilient communities and catalyze economic growth. Information about National Grid’s suite of economic programs is available at www.shovelready.com.
National Grid is an electricity and gas company that connects consumers to energy sources through its networks. The company is at the heart of one of the greatest challenges facing our society – to create new, sustainable energy solutions for the future and developing an energy system that underpins economic prosperity in the 21st century. The Saratoga County Prosperity Partnership‘s SEMICON West participation was supported in part by National Grid.