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Gov. Hochul announces FAST NY grant program for technology businesses

New York State Governor Kathy Hochul announced her plan to launch a new grant program designed to attract key industries to the state.

The Focused Attraction of Shovel-Ready Tracts New York (FAST NY) grant program was announced on February 28, 2022 at the NYS Economic Development Council Conference in Albany, according to a press release from the Governor’s Office.


FAST NY grant funds will be put towards water infrastructure, roads, power and gas lines, and sewer infrastructure. According to the Governor’s Office, shovel-ready investments are favored for new site locations is the semiconductor industry. Hochul is hoping FAST NY attracts companies to set up shop in New York State.