New Energy New York

THIS EDA INVESTMENT SUPPORTS THE COALITION, NEW ENERGY NEW YORK, LOCATED IN UPSTATE NEW YORK AND LED BY THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK, WITH THEIR PROPOSAL TO ADDRESS UNDERDEVELOPMENT AND A DECLINING MANUFACTURING SECTOR BY BUILDING A LITHIUM-BASED BATTERY DEVELOPMENT AND MANUFACTURING HUB AROUND NEW YORK'S FIRST LI-ION GIGAFACTORY THAT IS SET TO OPEN IN 2022. THE INITIATIVE WILL AIM TO MEET THE DEMAND FOR DOMESTIC BATTERY PRODUCTS AND HELP CREATE A COMPETITIVE EDGE FOR U.S. MANUFACTURERS OVER ASIAN MANUFACTURERS, WHILE ENSURING EQUITY AND ENVIRONMENTAL JUSTICE. IF PROVIDED AN IMPLEMENTATION GRANT, THE COALITION PROPOSES TO ESTABLISH A BATTERY MANUFACTURING CENTER IN NEW YORK'S SOUTHERN TIER, ENHANCE WORKFORCE AND SUPPLY CHAIN DEVELOPMENT, ESTABLISH A CLIMATE JUSTICE INITIATIVE, AND DEVELOP A STORAGE ACCELERATOR.