US Senator Charles Schumer announced the allocation of $94 million to support small businesses in the Upstate New York region. The funding is part of the National Defense Authorization Act (NDAA) for Fiscal Year 2022 and will be used to help businesses contribute to the growing semiconductor supply chain. The NDAA includes the CHIPS for America Act, which aims to restore semiconductor manufacturing in America. The Act also provides resources to develop a skilled workforce, promote research and development, and secure critical supply chains.
Schumer urged local businesses to take advantage of this opportunity to grow and compete in the global market. Click the link to read more about the details of this significant allocation and how it can help small businesses in Upstate New York to tap into the booming semiconductor supply chain.