Long Island Secures $30M for Regional Commercialization Center in New York State Grant
Long Island's economic development officials have received $30 million from New York State to establish a Regional Commercialization Center. Announced by Governor Kathy Hochul, the funding is part of a $150 million competition involving ten regional councils. The center, which will be operated by Newlab LLC, aims to support startups in Nassau, Suffolk Counties, and New York City, focusing on aerospace-defense, clean energy, cyber systems, semiconductors, and artificial intelligence. The facility is expected to open in late 2027.
Theia Market Signal Identification - AI Assisted
Long Island's proposal for a Regional Commercialization Center has won $30 million in a New York State competition, part of a $150 million initiative. The center will occupy 50,000 square feet and serve startups in Nassau and Suffolk Counties, and New York City, though its location is yet to be determined.
Operated by Newlab LLC, the facility will focus on aerospace-defense, clean energy, cyber systems, semiconductors, and artificial intelligence. The center is not expected to open until late 2027. This funding is part of Governor Kathy Hochul's efforts to bolster economic development in the region.
Comments