Seven Awards Support Development of Shovel-Ready Sites in Five Regions 

Over $230 Million in FAST NY Grants Awarded to Date to Help Communities Attract and Grow Businesses in Advanced Manufacturing and Other Key Industries 

Additional $100 Million in FAST NY Funding Proposed in 2026 Executive Budget 

Governor Kathy Hochul today announced that $32.6 million has been awarded to improve seven locations under the Focused Attraction of Shovel-Ready Tracts New York grant program, administered by Empire State Development. First announced by the Governor in February 2022, FAST NY is designed to prepare and develop sites across the state to further New York’s shovel-readiness and increase its attractiveness to large employers and high-tech manufacturing companies. To date, FAST NY has awarded nearly $233 million to 32 sites, with locations in every region across Upstate New York, and Governor Hochul has proposed an additional $100 million for this proven program in her 2026 Executive Budget. 

"FAST NY is a valuable tool that attracts strategic industries that invest in our communities and bring good paying jobs to New York State," Governor Hochul said. "We have experienced first hand that shovel ready sites are an important factor when businesses are looking to expand and companies like Micron, Wolfspeed, Edwards Vacuum, and fairlife have chosen New York State because of our investments in site readiness. FAST NY is helping New York be a competitor on a global stage for the world's best companies." 

Empire State Development President, CEO and Commissioner Hope Knight said, “FAST NY is a forward-thinking initiative that enhances the state's appeal to major employers in high-growth industries by helping communities prepare and develop sites to accelerate New York’s shovel-readiness. Each site selected for a FAST NY investment has tremendous potential to ignite projects that generate jobs and stimulate regional economic development across New York.” 

Read the full press release here.