Long Island Manufacturing Center Secures $30 Million Grant from New York State
The Regional Commercialization Corridor, a proposed manufacturing center on Long Island, has secured a $30 million grant from New York State to support entrepreneurs in product development and financing. The 50,000-square-foot facility, which will focus on aerospace/defense, clean energy, and cyber physical systems, is expected to open in late 2027 and achieve self-sustainability by 2030. This grant is part of a larger $150 million allocation to four projects selected from a competition among the state's Regional Economic Development Councils.
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A proposed manufacturing center on Long Island, named the Regional Commercialization Corridor, has received a $30 million grant from New York State. This center aims to support entrepreneurs in developing prototype products and securing financing.
It is one of four projects awarded a total of $150 million in a competition among the state's 10 Regional Economic Development Councils. The Long Island council initially sought $50 million for the 50,000-square-foot facility, which will operate under Newlab LLC.
The center will focus on aerospace/defense, clean energy, and cyber physical systems, including semiconductors and AI. It is anticipated to open in late 2027 and become self-sustaining by 2030. Additionally, 29 projects on Long Island received $26.4 million in state funding, including a $5 million grant for Brookhaven Town to replace septic tanks with sewers.
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