New York is investing more than $43 million to prepare five upstate sites for new manufacturing and high-growth industries.
The latest round of FAST NY grants will fund infrastructure upgrades in Albany, Erie, Fulton, Herkimer, and Orange counties, aiming to make large sites ready for employers looking to build quickly.
What FAST NY does
FAST NY, short for Focused Attraction of Shovel-Ready Tracts New York, helps communities upgrade land so companies can move in without long delays. The program supports roads, water and sewer systems, power, and other infrastructure critical for advanced manufacturing.
Since the program launched, New York has awarded more than $326 million to 39 sites across upstate. The state also added another $100 million to FAST NY in the current budget year.
Where the money is going
The largest award, $25.48 million, will go to the Village of Maybrook in Orange County. The funding will help redevelop the long-vacant Maybrook Rail Yard into the Switchyard Terminal for Economic and Advanced Manufacturing, creating six rail-accessible building sites about 75 miles from New York City…