Statement from Mark Eagan on the House Passing the Chips and Science Act
FOR IMMEDIATE RELEASE
James Schlett, Director of Communications and Research
(July 28, 2022) – Below is a statement on the House’s passage of the Chips and Science bill, from Mark Eagan, president & CEO of the Center for Economic Growth and Capital Region Chamber
Now that the CHIPS and Science Act has been passed by Congress, the Capital Region is on a course from being a competitor in the global semiconductor industry to an undeniable leader. This legislation will help NYCREATES take R&D at the Albany Nanotech Complex to the next level, especially if it is designated the hub of the National Semiconductor Technology Center, and help GlobalFoundries expand chip production at the Luther Forest Technology Campus. The result will be thousands of jobs, new leading-edge innovation, a stronger regional economy, and a more robust domestic supply chain. Senator Schumer has relentlessly advocated for this bill and the Capital Region, and we are grateful for his leadership and dedication. We also want to thank Representative Tonko and Senator Gillibrand for their unwavering support of the Capital Region’s chip industry.
About the Capital Region Chamber:
The Capital Region Chamber and its Center for Economic Growth affiliate drive economic prosperity with one voice, one mission, as one region. The Chamber, with 2,900 member-business from throughout Albany, Saratoga, Schenectady, and Rensselaer counties, provides catalytic leadership, advocacy, and broad-based member services. The Center for Economic Growth is the 8-county regional economic development organization.