“Since I became Governor, I’ve been laser focused on putting more money in the pockets of working New Yorkers, and that starts with making sure everyone can access a good paying job. Thanks to the Biden-Harris Administration’s CHIPS & Science Act, our advanced manufacturing sector is roaring back to life. And because of the nation-leading Green CHIPS Act I signed into law, these chips won’t just be made in America –– they’ll be made right here in New York....

Governor Hochul Doubled the Local Government Efficiency Grant Program to Help Local Governments Reduce Current and Future Operational Costs Support for Local Governments Will Help Lower Taxes and Ensure Property Owners Across the State Can Save Money Governor Kathy Hochul today announced that the popular Local Government Efficiency Grant program has doubled the amount of funds available to municipalities with innovative ideas for streamlining government operations and services to reduce current or future costs, ultimately translating into savings for...

Delivers on Governor Hochul’s 2024 State of the State Initiatives To Help Small, Rural and Disadvantaged Communities With Their Water Infrastructure Needs Funding Awarded Across New York State in All 10 Economic Development Regions Enhanced Awards for 32 Projects in Small, Rural Communities   Governor Kathy Hochul today announced that more than $435 million is being awarded to 102 critical water infrastructure projects across New York State through the Water Infrastructure Improvement and Intermunicipal Grant programs. The grants awarded by...

Prestigious Designation Unlocks $825 Million in Federal Funding for Semiconductor R&D at NY CREATES' Albany NanoTech Complex Cements New York as America’s Leading Semiconductor R&D Hub, Will Enable Continued Expansion of State’s High-Tech Ecosystem and Bring Back Hundreds of Good Paying Manufacturing Jobs to New York State The CHIPS for America EUV Accelerator at NY CREATES Will Support U.S. Technological Sovereignty, National Security, American Economic Vitality and Lead to More Powerful Chips for Technology Used Everyday Governor Kathy Hochul today celebrated the...

The EU has kicked off a week of high-level meetings and events during the UN General Assembly in New York. During the weekend, Executive Vice-President Vestager, Vice-President Šuica and Commissioner Urpilainen participated in the Summit of the Future's Action Days covering topics ranging from youth, children's rights, sustainable development, demography, gender equality and sexual reproductive health, as well as the Global Digital Compact adopted at the Summit of the Future. On Sunday, President of the European Council Charles Michel, High Representative/Vice-President Josep Borrell, and Commissioner Jutta Urpilainen, represented the EU in...

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the August 2024 Survey of Consumer Expectations, which shows inflation expectations remained unchanged at the short- and longer-term horizons, and rebounded somewhat at the medium-term horizon after a sharp decrease last month. Labor market expectations were mixed, but largely stable. Households were more optimistic about the availability of credit a year from now. Delinquency expectations rose slightly again, to the highest level since April 2020. The main...

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the July 2024 SCE Labor Market Survey, which shows a sharp increase in the proportion of job seekers compared to a year ago. Satisfaction with wage compensation as well as with nonwage benefits and promotion opportunities at respondents’ current jobs all deteriorated. The average expected likelihood of receiving an offer in the next four months increased compared to a year ago, while the average expected likelihood...