Company Directory - New York Center for Research, Economic Advancement
Company Details - New York Center for Research, Economic Advancement
New York Center for Research, Economic Advancement
WebsiteNew York, United States
New York Center for Research, Economic Advancement is a facility dedicated to semiconductor research and economic growth initiatives.
CCI Score
CCI Score: New York Center for Research, Economic Advancement
55.09
-0.03%
Latest Event
NY CREATES Secures $825 Million in CHIPS Act Funding
The New York Center for Research, Economic Advancement (NY CREATES) was selected as the site for an $825 million funding award under the CHIPS and Science Act. This investment aims to bolster semiconductor research, stimulate high‐tech job creation, and enhance U.S. competitiveness against authoritarian rivals.
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LEADER
New York Center for Research, Economic Advancement is currently rated as a Leader.
Latest Events
- OCT312024
The New York Center for Research, Economic Advancement (NY CREATES) was selected as the site for an $825 million funding award under the CHIPS and Science Act. This investment aims to bolster semiconductor research, stimulate high‐tech job creation, and enhance U.S. competitiveness against authoritarian rivals.
+60
Public and Political Behavior
March 28
Being chosen for a major government funding initiative reflects positively on the company’s engagement with public policy that supports national technological advancement and job creation, which counters authoritarian economic influences.
New York semiconductor research site picked for $825 million in CHIPS act funding
+70
Technology and Services Impact
March 28
The funding underscores the facility’s role in advancing semiconductor research, a critical technological sector that enhances U.S. innovation and serves as a counterbalance to authoritarian technological competition.
New York semiconductor research site picked for $825 million in CHIPS act funding
+60
Economic and Structural Influence
March 28
The $825 million infusion is expected to drive economic growth by creating high-tech jobs and reinforcing domestic research infrastructure, thereby bolstering economic resilience and reducing dependency on authoritarian regimes.
New York semiconductor research site picked for $825 million in CHIPS act funding
- AUG202024
NY CREATES signed a memorandum of understanding with Empire State Development and Hokkaido, Japan government representatives to advance semiconductor research, economic growth, and workforce development. The agreement included showcasing NY CREATES’ Albany NanoTech Complex, as well as plans to boost international collaboration in semiconductor innovation.
+70
Public and Political Behavior
March 28
NY CREATES played a key role in an international collaboration initiated by Governor Hochul that promotes public-private and international democratic engagement, bolstering public and political behavior in a manner that supports broad-based innovation and workforce development.
+65
Technology and Services Impact
March 28
The agreement directly supports advanced semiconductor research and development through NY CREATES’ state-of-the-art facilities, contributing positively to technology and services impact by fostering innovation via international technical collaborations.
+50
Economic and Structural Influence
March 28
The international memorandum underscores strong economic and structural collaboration by linking New York’s semiconductor hub with Japanese technological investments, supporting regional economic growth and reinforcing the strength of public partnerships.
- DEC122023
On December 12, 2023, New York announced a $10 billion semiconductor research center at the Albany NanoTech Complex. Overseen by NY CREATES, the initiative is designed to generate at least 700 new jobs, attract billions in private investments, and bolster national security amid global chip production challenges.
+50
Public and Political Behavior
March 28
The project is a collaborative public-private effort supported by significant state investment and federal CHIPS Act funding. This public and political engagement not only promotes economic development and job creation but also reinforces national security, countering authoritarian economic influences.
New York plans a $10 billion chip research center with IBM, Micron and others
+40
Business Practices and Ethical Responsibility
March 28
The initiative is expected to create 700 new jobs and drive private spending, reflecting strong ethical business practices and positive labor impact. It supports workforce development and sustainable economic growth.
New York plans a $10 billion chip research center with IBM, Micron and others
+40
Technology and Services Impact
March 28
By investing in next-generation semiconductor research and development and acquiring advanced chip-making equipment, the initiative advances technological innovation in the U.S., strengthening domestic capability over potentially repressive international alternatives.
New York plans a $10 billion chip research center with IBM, Micron and others
+40
Economic and Structural Influence
March 28
The project is an economically significant development. It aims to attract over $9 billion in private spending and supports federal funding bids, reinforcing the state's economic infrastructure and reducing reliance on authoritarian supply chains.
New York plans a $10 billion chip research center with IBM, Micron and others
- DEC112023
New York state partnered with industry giants IBM, Micron, and others to invest $10 billion in a cutting-edge chip research facility in Albany. The nonprofit NY CREATES will supervise the project at the Albany NanoTech Complex, which is expected to create 700 new jobs and attract $9 billion in private investment, thus bolstering economic growth and technological innovation.
+80
Economic and Structural Influence
March 28
This large-scale investment in semiconductor research and development supervised by NY CREATES is seen as a positive force that stimulates economic growth, job creation, and innovation. By aligning public funds with private investment and advanced manufacturing technology, the project stands against authoritarian economic practices and supports progressive state-led initiatives.
- DEC112023
Governor Hochul announced a $10 billion public-private partnership involving NY CREATES' Albany NanoTech Complex to establish a next-generation semiconductor research and development center, attracting major industry players and promising significant job creation and technological leadership in the U.S.
+60
Public and Political Behavior
March 28
The announcement highlights strong collaboration between state government and industry, reinforcing progressive public policy through large-scale investment in domestic technology and job creation that counters authoritarian reliance on foreign supply chains.
+55
Technology and Services Impact
March 28
The development of a next-generation semiconductor R&D center at the Albany NanoTech Complex positions the U.S. as a leader in technological innovation, enhancing national security and reducing dependence on authoritarian regimes for critical technologies.
+50
Economic and Structural Influence
March 28
The $10 billion investment is expected to drive significant economic growth and job creation, reinforcing domestic infrastructure and mitigating reliance on potentially authoritarian external economies by bolstering local capabilities.
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