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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.

Finger Lakes Partners (Billboard)

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.



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